Mortgage Consultant Salary

For Mortgage Consultants, bonuses and commissions account for a significant portion of income and add up to more than double of their $48K annual pay. Career duration and the company each impact pay for this group, with the former having the largest influence. Women make up a slight majority of Mortgage Consultants (53 percent) survey respondents. Medical and dental benefits are awarded to almost all, and more than half earn vision coverage. Job satisfaction is high and work is enjoyable for most Mortgage Consultants. Participants in PayScale's salary questionnaire provided the particulars of this report.

$29,361 - $74,710
$29K
$38K
$75K
MEDIAN: $37,535
10%
50%
90%

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$9.12 - $35.00
$9
$17
$35
MEDIAN: $16.91
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
$29,361 - $74,710  
   
Bonus
$515 - $116,350  
Commission
$9,250  
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).
)
$30,769 - $113,360  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 30
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
$9.12 - $35.00  
   
Hourly Tips
$29.09  
Overtime
$25.49  
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
$515 - $116,350  
   
Commission
$9,250  
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).
)
$30,769 - $113,360  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 14

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Job Description for Mortgage Consultant

Mortgage consultants must be able to guide customers through the home-buying process to help them make the best decision in accordance with their financial needs. These consultants should have people skills and some experience and/or training in sales or customer service, and some employers prefer those who have been trained in sales, customer service, or financial services. Many mortgage consultants begin as customer service advisors in order to develop the necessary skills for this position.

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Mortgage Consultant Tasks

  • 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


Pay by Experience Level for Mortgage Consultant

Pay by Experience for a Mortgage Consultant has a positive trend. An entry-level Mortgage Consultant with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 25 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Mortgage Consultant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $60,000 based on 16 salaries. An experienced Mortgage Consultant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $86,000 based on 9 salaries. A Mortgage Consultant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $78,000 based on 15 salaries.

Related Job Salaries

Key Stats for Mortgage Consultant

Gender

Female
53 %
Male
47 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.
Less than 1 year
7%
1-4 years
39%
5-9 years
25%
10-19 years
20%
20 years or more
9%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Consultant Salaries

Experienced
▲81%

Late-Career
▲63%

Mid-Career
▲26%

National Average
$48,000

▼25%

Skills That Affect Mortgage Consultant Salaries

Sales
▲24%

National Average
$48,000

Mortgage Loans
▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
7%
1-4 years
39%
5-9 years
25%
10-19 years
20%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 92%
vision benefits
Vision: 68%
no benefits
None: 4%
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