Reverse Mortgage Loan Officer Salaries in Reliance, TN
How Much Does a Reverse Mortgage Loan Officer Make in Reliance, TN?
Updated November 01, 2024
As of November 01, 2024,
the average annual pay of Reverse Mortgage Loan Officer in Reliance, TN is $44,287.
While Salary.com is seeing that Reverse Mortgage Loan Officer salary in Reliance, TN can go up to $57,421
or down to $31,325, but most earn between $37,502 and $51,162.
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 |
|---|---|---|
|
Bell Bank
Mortgage Loan Officer
|
$91,682/yr
|
RANGE: $73,079 - $110,284
|
|
Approved Mortgage
Mortgage Loan Officer
|
$91,779/yr
|
RANGE: $73,157 - $110,401
|
|
PNC
Mortgage Loan Officer -Nashville, TN
|
$91,779/yr
|
RANGE: $73,157 - $110,401
|
|
City National Bank
External Loan Officer- Mortgage Banking
|
$124,921/yr
|
RANGE: $95,606 - $154,236
|
|
Mutual of Omaha Mortgage
Reverse Mortgage Inside Sales Loan Officer
|
$142,248/yr
|
RANGE: $104,236 - $180,260
|
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
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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 Reliance, TN?
The Reverse Mortgage Loan Officer salary range is from $37,502 to $51,162, and the average Reverse Mortgage Loan Officer salary is $44,287/year in Reliance, TN.
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 $61,619
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.
