Reverse Mortgage Loan Officer Salaries in the United States
How Much Does a Reverse Mortgage Loan Officer Make?
Updated April 24, 2024
Filter
SELECT STATE
Select State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
SELECT STATE
Select State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
SELECT CITY
SELECT CITY
Individually reported data submitted by users of our website
Normal Confidence
$48,572/yr
Average Base Pay
Low $40,746
Average $48,572
High $56,398
The average salary for Reverse Mortgage Loan Officer is $48,572 per year in the United States.
Related Job Titles to Reverse Mortgage Loan Officer
Similar Job Salaries to Reverse Mortgage Loan Officer by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Mutual of Omaha Mortgage
Reverse Mortgage Inside Sales Loan Officer
|
$86,923/yr
|
RANGE: $70,136 - $103,711
|
|
TowneBank Mortgage
TowneBank Mortgage - Mortgage Loan Officer
|
$80,997/yr
|
RANGE: $65,766 - $96,228
|
|
Michigan Schools and Government Credit Union
Mortgage Consultant (Mortgage Loan Officer)
|
$80,333/yr
|
RANGE: $66,875 - $93,791
|
|
KeyBank
Mortgage Loan Officer - Utah
|
$67,335/yr
|
RANGE: $54,112 - $80,558
|
|
Holladay - Zions Bank Careers
Mortgage Loan Officer-Holladay
|
$83,405/yr
|
RANGE: $67,721 - $99,088
|
|
First State Bank of St. Charles
Mortgage Loan Officer
|
$83,920/yr
|
RANGE: $68,140 - $99,701
|
|
Lending Force LLC
Mortgage Loan Officer
|
$67,030/yr
|
RANGE: $53,110 - $80,951
|
|
Michigan Credit Union League
Mortgage Loan Officer
|
$83,748/yr
|
RANGE: $68,001 - $99,496
|
What Does a Reverse Mortgage Loan Officer Do?
Even when a reverse mortgage is issued by the most reputable of lenders, it’s still a complicated product.
Updated December 22, 2021
While reverse mortgages don’t have income or credit score requirements, they still have rules about who qualifies.
Updated December 21, 2021
If the reverse mortgage comes due as a result of residing outside of the home, even involuntarily because of medical needs, you may not have the funds to pay off the reverse mortgage and may lose your home.
Updated December 12, 2021
In any case, you will typically need at least 50% equity—based on your home’s current value, not what you paid for it—to qualify for a reverse mortgage.
Updated December 06, 2021
That way, no unscrupulous lender or predatory scammer can prey on them, they’ll be able to make a sound decision even if they get a poor-quality reverse mortgage counselor, and the loan won’t come with any unpleasant surprises.
Updated December 05, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Reverse Mortgage Loan Officer Salaries
What is the average of a Reverse Mortgage Loan Officer in the United States?
The Reverse Mortgage Loan Officer salary range is from $40,746 to $56,398, and the average Reverse Mortgage Loan Officer salary is $48,572/year in the United States.
The Reverse Mortgage Loan Officer's salary will change in different locations.
Which location pays the highest Reverse Mortgage Loan Officer salary in the United States?
The Reverse Mortgage Loan Officer salary in San Jose, CA is $60,958
which is the highest in the US.
What kinds of reasons will influence the Reverse Mortgage Loan Officer's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Reverse Mortgage Loan Officer.
What is the growth rate of the Reverse Mortgage Loan Officer's salary?
If you are thinking of becoming a Reverse Mortgage Loan Officer or planning the next step in your career, find the detailed salary report of a Reverse Mortgage Loan Officer.
Recent Salary Report
Below are the most recent Reverse Mortgage Loan Officer salary reports. Employer name has been removed to protect anonymity.
$22
Hourly
A Reverse Mortgage Loan Officer in Peoria, AZ reported making $22 per hour
Peoria, AZ
7,6 - 15,000 employees
Part-Time
Company - Public
$5,432
Monthly
A Reverse Mortgage Loan Officer in Portland, ME reported making $5,432 per month
Portland, ME
1,000 - 3,000 employees
Full-Time
Company - Public
$38,790
Yearly
A Reverse Mortgage Loan Officer in Doylestown, PA reported making $38,790 per year
Doylestown, PA
200 - 6 employees
Full-Time
Company - Private
$22
Hourly
A Reverse Mortgage Loan Officer in Gulfport, MS reported making $22 per hour
Gulfport, MS
3,000 - 7,6 employees
Part-Time
Company - Public
$36,942
Yearly
A Reverse Mortgage Loan Officer in Mandan, ND reported making $36,942 per year
Mandan, ND
6 - 1,000 employees
Full-Time
Company - Private
$61,043
Yearly
A Reverse Mortgage Loan Officer in Elk Grove, CA reported making $61,043 per year
Elk Grove, CA
100 - 200 employees
Full-Time
Company - Private
