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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 length and the company each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Male Mortgage Consultants are more prevalent than women among those who took the survey — 68 percent of professionals. For the most part, Mortgage Consultants enjoy their work and report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.

$23,715 - $90,217
(Median)
$24K
$40K
$90K
MEDIAN: $40,067
10%
50%
90%

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$10.14 - $21.36
(Median)
$10
$14
$21
MEDIAN: $14.00
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
$23,715 - $90,217  
   
Bonus
$0.00 - $30,090  
Commission
$600 - $123,500  
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).
)
$27,441 - $115,771  
Country: United States | Currency: USD | Updated: 2 May 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
$10.14 - $21.36  
   
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 - $30,090  
   
Commission
$600 - $123,500  
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).
)
$27,441 - $115,771  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 31

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United States (change)


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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


Although Wells Fargo Home Mortgage hands out the lowest average salary in town at $52K, employee compensation still varies greatly; workers can make as little as $25K or as much as $84K.


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 as skills, however, tend to be associated with significantly smaller paychecks.

Pay by Experience Level for Mortgage Consultant

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


Experience seems to be a major factor in determining the incomes of Mortgage Consultants. At career start (within the first five years), average income sits near $39K, and the average for folks who have worked for five to 10 years is only slightly higher at $50K. People with 10 to 20 years of experience make an average of about $69K in this role. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $90K on average.

Related Job Salaries

United States (change)

Experience Affects Mortgage Consultant Salaries

Late-Career
up arrow 86%

Experienced
up arrow 43%

Mid-Career
up arrow 4%

National Average
$48,000

Entry-Level
up arrow 19%

Skills That Affect Mortgage Consultant Salaries

National Average
$48,000

Mortgage Loans
up arrow 5%

Sales
up arrow 22%

Job Satisfaction

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

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
10%
1-4 years
44%
5-9 years
18%
10-19 years
16%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 77%
vision benefits Vision: 60% employee benefits None: 11%
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