Mortgage Consultant Salary

Annual compensation for Mortgage Consultants is typically heavily supplemented by bonuses and commissions and totals around $48K (including $53K from bonuses and commissions). Experience level is the biggest factor affecting pay for this group, followed by the specific employer. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Most Mortgage Consultants like their work and job satisfaction is high. This snapshot results from replies to PayScale's salary survey.

$23,253 - $90,217
(Median)
$23K
$40K
$90K
MEDIAN: $39,615
10%
50%
90%

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$10.07 - $21.51
(Median)
$10
$14
$22
MEDIAN: $13.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$23,253 - $90,217  
   
Bonus
$0.00 - $30,191  
Commission
$970 - $120,559  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,345 - $116,573  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 87
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$10.07 - $21.51  
   
Overtime
$0.75 - $34.49  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $30,191  
   
Commission
$970 - $120,559  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,345 - $116,573  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 30

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Job Description for Mortgage Consultant

  • Solicit mortgages and phone prospect through contact with realtors, builders, developer, and community banking branches.
  • Originate and close mortgages.
  • Interview and assist clients with home loans by analyzing and selecting appropriate programs.
  • Develop marketing strategies.

Mortgage Consultant Job Listings

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Popular Employer Salaries for Mortgage Consultant


Wells Fargo Home Mortgage offers the smallest salaries in town — $52K on average — but the considerable range in workers' salaries (stretching from $25K to $84K) creates a rather varied pay scale.


Survey takers who work as Mortgage Consultants usually report a few specific skills. Mortgage Loans and Sales are considered valuable skills and can increase employee pay. Sales and Mortgage Loans, on the other hand, are typically associated with much lower pay.

Pay by Experience Level for Mortgage Consultant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. People who have worked for fewer than five years earn around $39K, and folks with five to 10 years of experience see a modestly higher median of $50K. The average pay reported by folks with 10 to 20 years of experience is around $69K. Old hands who claim more than two decades on the job enjoy average earnings of $90K.

Related Job Salaries

United States (change)

Experience Affects Mortgage Consultant Salaries

Late-Career
up arrow 85%

Experienced
up arrow 42%

Mid-Career
up arrow 2%

National Average
$48,000

Entry-Level
up arrow 19%

Skills That Affect Mortgage Consultant Salaries

National Average
$48,000

Mortgage Loans
up arrow 7%

Sales
up arrow 23%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 26 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
10%
1-4 years
44%
5-9 years
17%
10-19 years
16%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 77%
vision benefits Vision: 59% employee benefits None: 11%