Mortgage Consultant Salary

In a profession for which the median take-home is approximately $49K, close to one-half of overall earnings for Mortgage Consultants arrives through commissions. Experience level and the company each impact pay for this group, with the former having the largest influence. Job satisfaction for Mortgage Consultants is high. Mortgage Consultants who participated in the survey are largely men, dominating at 65 percent. A large number have medical and dental plans, and more than half have vision insurance. The numbers in this rundown were provided by PayScale's salary survey participants.

$24,389 - $86,218
(Median)
$24K
$40K
$86K
MEDIAN: $40,215
10%
50%
90%

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$9.06 - $21.76
(Median)
$9
$13
$22
MEDIAN: $13.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$24,389 - $86,218  
   
Bonus
$0.00 - $40,000  
Profit Sharing
$1,750  
Commission
$0.37 - $113,441  
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).
)
$27,821 - $117,927  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 85
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$9.06 - $21.76  
   
Hourly Tips
$29.09  
Overtime
$0.21 - $33.28  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $40,000  
   
Commission
$0.37 - $113,441  
Profit Sharing
$1,750  
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).
)
$27,821 - $117,927  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 28
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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 seems to offer the smallest paychecks with a median salary of only $53K. The pay range is quite narrow, too; compensation generally sits between $25K and $85K.


Typical Mortgage Consultants report a focused set of job skills. Mortgage Loans and Sales are considered valuable skills and can increase employee pay. Skills that pay less than market rate include Sales and Mortgage Loans.

Pay by Experience Level for Mortgage Consultant

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


Those who have worked for fewer than five years take home a median salary of $39K, and workers with five to 10 years of experience earn a higher $53K on average. Mortgage Consultants who work for 10 to 20 years in their occupation tend to earn about $83K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $78K by contrast.

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Experience Affects Mortgage Consultant Salaries

Experienced
up arrow 68%

Late-Career
up arrow 57%

Mid-Career
up arrow 7%

National Average
$49,000

Entry-Level
up arrow 21%

Skills That Affect Mortgage Consultant Salaries

National Average
$49,000

Mortgage Loans
up arrow 9%

Sales
up arrow 19%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
11%
1-4 years
42%
5-9 years
19%
10-19 years
15%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 79%
medical benefits
Vision: 60%
dental benefits
None: 10%
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