Reverse Mortgage Loan Officer Salaries in Louisiana
How Much Does a Reverse Mortgage Loan Officer Make in Louisiana?
Updated January 01, 2025
As of January 01, 2025,
the average annual pay of Reverse Mortgage Loan Officer in Louisiana is $46,933.
While Salary.com is seeing that Reverse Mortgage Loan Officer salary in LA can go up to $60,849
or down to $33,200, but most earn between $39,745 and $54,217.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Reverse Mortgage Loan Officer
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Similar Job Salaries to Reverse Mortgage Loan Officer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Caliver Beach Mortgage
Reverse Mortgage Loan Officer
|
$97,073/yr
|
RANGE: $76,389 - $117,756
|
|
Canopy Mortgage
Mortgage Loan Officer
|
$93,034/yr
|
RANGE: $74,158 - $111,910
|
|
OnPath Federal Credit Union
Mortgage Loan Officer
|
$89,693/yr
|
RANGE: $71,011 - $108,375
|
|
First Horizon
Mortgage Loan Officer
|
$94,503/yr
|
RANGE: $75,329 - $113,677
|
|
MP RPO
Mortgage Loan Officer (Licensed)
|
$89,313/yr
|
RANGE: $71,192 - $107,434
|
|
LendingHouse
Mortgage Loan Officer *250 bps Compensation
|
$93,034/yr
|
RANGE: $74,158 - $111,910
|
|
Mutual of Omaha Mortgage
Reverse Mortgage Inside Sales Loan Officer
|
$143,063/yr
|
RANGE: $104,840 - $181,286
|
Top 10 Highest Paying Cities For Reverse Mortgage Loan Officer Jobs in Louisiana
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Reverse Mortgage Loan Officer can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Reverse Mortgage Loan Officer job salaries in Louisiana.
Some cities can pay higher salaries for Reverse Mortgage Loan Officer jobs, which can indicate that there is a large demand for Reverse Mortgage Loan Officer positions in this city.
The following table shows top 10 cities where the Reverse Mortgage Loan Officer salary is higher than other cities in Louisiana.
New Orleans takes first place in this list, followed by Kenner, Marrero.
The Reverse Mortgage Loan Officer salary is $47,624 in New Orleans,
which is lower than the national average. There is 0 city's Reverse Mortgage Loan Officer salary higher than national average in Louisiana.
The average salary for a Reverse Mortgage Loan Officer in Louisiana is $46,933,
but we found that the city with the highest salary for Reverse Mortgage Loan Officer jobs is New Orleans, LA, and it is higher than Kenner.
Reverse Mortgage Loan Officer jobs in New Orleans can have the opportunity to earn higher salaries than in other cities in Louisiana.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| New Orleans | $47,624 | $3,969 | $916 | $23 |
| Kenner | $47,624 | $3,969 | $916 | $23 |
| Marrero | $47,624 | $3,969 | $916 | $23 |
| Metairie | $47,624 | $3,969 | $916 | $23 |
| Houma | $47,229 | $3,936 | $908 | $23 |
| La Place | $47,229 | $3,936 | $908 | $23 |
| Baton Rouge | $46,884 | $3,907 | $902 | $23 |
| Lake Charles | $45,699 | $3,808 | $879 | $22 |
| Shreveport | $45,255 | $3,771 | $870 | $22 |
| Bossier City | $45,255 | $3,771 | $870 | $22 |
What Does a Reverse Mortgage Loan Officer Do?
Unlike a forward mortgage—the type used to buy a home—a reverse mortgage doesn’t require the homeowner to make any loan payments.
Updated November 22, 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 Louisiana?
The Reverse Mortgage Loan Officer salary range is from $39,745 to $54,217, and the average Reverse Mortgage Loan Officer salary is $46,933/year in Louisiana.
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 $61,936
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.
