Mortgage Consultant Salary

The average Mortgage Consultant in the United States earns approximately $39K annually. Experience level is the biggest factor affecting pay for this group, followed by the specific employer. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to nearly all, and most earn dental coverage. Women account for the majority of Mortgage Consultants who responded to the questionnaire — 60 percent to be exact. The numbers in this rundown were provided by PayScale's salary survey participants.

$25,602 - $119,831
$26K
$40K
$120K
MEDIAN: $39,996
10%
50%
90%

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$11.63 - $25.53
$12
$16
$26
MEDIAN: $16.39
10%
50%
90%

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$0$119K
Salary $25,602 - $119,831
Bonus $618 - $59,143
Profit Sharing $1,500
Commission $20,000
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).
)
$30,052 - $101,991
  • Country: United States
  • Currency: USD
  • Updated: 20 Oct 2017
  • Individuals Reporting: 29
Hourly Data $0$27
Hourly Rate $11.63 - $25.53
Overtime $27.06
Annual Data $0$101K
Bonus $618 - $59,143
Commission $20,000
Profit Sharing $1,500
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).
)
$30,052 - $101,991
  • Country: United States
  • Currency: USD
  • Updated: 20 Oct 2017
  • Individuals Reporting: 16

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

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

Mortgage Consultant Job Listings

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
67 %
Male
33 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.
Less than 1 year
9%
1-4 years
44%
5-9 years
22%
10-19 years
20%
20 years or more
4%

Experience Affects Mortgage Consultant Salaries

Experienced
▲77%

Late-Career
▲60%

Mid-Career
▲24%

National Average
$48,000

▼27%

Skills That Affect Mortgage Consultant Salaries

Sales
▲22%

National Average
$48,000

Mortgage Loans
▼7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
9%
1-4 years
44%
5-9 years
22%
10-19 years
20%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 83%
vision benefits
Vision: 79%
no benefits
None: 8%