Reverse Mortgage Loan Officer Salaries in Chicago, IL
How Much Does a Reverse Mortgage Loan Officer Make in Chicago, IL?
Updated April 24, 2024
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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
Individually reported data submitted by users of our website
Normal Confidence
$50,952/yr
Average Base Pay
Low $42,743
Average $50,952
High $59,161
The average salary for Reverse Mortgage Loan Officer is $50,952 per year in Chicago, IL.
Related Job Titles to Reverse Mortgage Loan Officer
Similar Job Salaries to Reverse Mortgage Loan Officer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Mutual of Omaha Mortgage
Reverse Mortgage Inside Sales Loan Officer
|
$93,520/yr
|
RANGE: $75,459 - $111,582
|
|
Mutual of Omaha Mortgage
Retail Mortgage Loan Officer
|
$83,205/yr
|
RANGE: $69,266 - $97,144
|
|
Illinois National Bank
Mortgage Loan Officer/Originator
|
$88,054/yr
|
RANGE: $72,919 - $103,189
|
|
Dieterich Bank
Mortgage Loan Officer
|
$83,662/yr
|
RANGE: $67,931 - $99,394
|
|
First Mid Bank & Trust
Mortgage Loan Officer II
|
$88,422/yr
|
RANGE: $73,224 - $103,620
|
|
Longview Capital Corporation
Mortgage Loan Officer
|
$63,692/yr
|
RANGE: $52,070 - $75,313
|
|
NVR Inc
Mortgage Loan Officer
|
$70,018/yr
|
RANGE: $55,477 - $84,559
|
|
Summit Funding
Mortgage Loan Officer
|
$90,197/yr
|
RANGE: $73,237 - $107,158
|
What Does a Reverse Mortgage Loan Officer Do?
In New York, where co-ops are common, state law further prohibits reverse mortgages in co-ops, allowing them only in one- to four-family residences and condos.
Updated October 24, 2021
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
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Explore JobArchitectFrequently Asked Questions About a Reverse Mortgage Loan Officer Salaries
What is the average of a Reverse Mortgage Loan Officer in Chicago, IL?
The Reverse Mortgage Loan Officer salary range is from $42,743 to $59,161, and the average Reverse Mortgage Loan Officer salary is $50,952/year in Chicago, IL.
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.
