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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 $49K annual pay. Career duration and the company each impact pay for this group, with the former having the largest influence. Most Mortgage Consultants like their work and job satisfaction is high. Most Mortgage Consultants survey respondents are men (70 percent). Medical benefits are awarded to a large number, and a fair number earn dental coverage. This overview is based on answers to PayScale's salary questionnaire.

$23,672 - $90,894
(Median)
$24K
$40K
$91K
MEDIAN: $40,257
10%
50%
90%

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$10.00 - $21.65
(Median)
$10
$14
$22
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
$23,672 - $90,894  
   
Bonus
$0.00 - $30,292  
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).
)
$28,505 - $118,498  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 86
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
$10.00 - $21.65  
   
Overtime
$0.30 - $34.62  
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 - $30,292  
   
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).
)
$28,505 - $118,498  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 29
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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


Offering a median salary of only $53K, Wells Fargo Home Mortgage gives out the smallest paychecks. Furthermore, the earnings range of $25K to $85K isn't that wide, either.


Professional skills reported by Mortgage Consultants are few in number. 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 is an important factor influencing the compensation of Mortgage Consultants. People who have worked for fewer than five years earn around $40K, and folks with five to 10 years of experience see a modestly higher median of $51K. Mortgage Consultants claiming one to two decades of experience make an estimated median of $69K. Old hands who claim more than two decades on the job enjoy average earnings of $90K.

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Experience Affects Mortgage Consultant Salaries

Late-Career
up arrow 83%

Experienced
up arrow 41%

Mid-Career
up arrow 3%

National Average
$49,000

Entry-Level
up arrow 19%

Skills That Affect Mortgage Consultant Salaries

National Average
$49,000

Mortgage Loans
up arrow 7%

Sales
up arrow 24%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 24 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
10%
1-4 years
43%
5-9 years
17%
10-19 years
17%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 77%
vision benefits Vision: 60% employee benefits None: 12%
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