How Much Does a Reverse Mortgage Loan Officer Make in Tennessee?

Updated April 24, 2024
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Individually reported data submitted by users of our website

Normal Confidence
$44,977/yr
Average Base Pay
Low $37,731
Average $44,977
High $52,224
The average salary for Reverse Mortgage Loan Officer is $44,977 per year in Tennessee.

Related Job Titles to Reverse Mortgage Loan Officer

Mortgage Loan Officer
$46,062
Tennessee
Per Year
Reverse Mortgage Specialist
$46,027
Tennessee
Per Year
Reverse Mortgage Consultant
$37,786
Tennessee
Per Year
Mortgage Loan Officer II
$60,673
Tennessee
Per Year

Similar Job Salaries to Reverse Mortgage Loan Officer by Company

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Company average base salary in (usd) range
Summit Funding
Mortgage Loan Officer
$78,847/yr
$64,021
$93,674
RANGE: $64,021 - $93,674
Movement Mortgage
Mortgage Loan Officer Assistant
$43,317/yr
$37,440
$49,194
RANGE: $37,440 - $49,194
1st United Mortgage
Mortgage Loan Officer
$78,128/yr
$60,247
$96,010
RANGE: $60,247 - $96,010
Pennymac
Mortgage Loan Officer
$80,739/yr
$65,557
$95,921
RANGE: $65,557 - $95,921
Mutual of Omaha Mortgage
Retail Mortgage Loan Officer
$75,068/yr
$62,492
$87,644
RANGE: $62,492 - $87,644
Mortgage Loan Officer
Mortgage Loan Officer
$63,974/yr
$50,688
$77,260
RANGE: $50,688 - $77,260
NVR Inc
Mortgage Loan Officer
$61,326/yr
$48,590
$74,061
RANGE: $48,590 - $74,061
Castle & Cooke Mortgage
Mortgage Loan Officer Retail
$176,106/yr
$140,790
$211,423
RANGE: $140,790 - $211,423

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Top 10 Highest Paying Cities For Reverse Mortgage Loan Officer Jobs in Tennessee

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 Tennessee. 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 Tennessee. Nashville takes first place in this list, followed by Hendersonville, Franklin. The Reverse Mortgage Loan Officer salary is $45,755 in Nashville, which is lower than the national average. There is 0 city's Reverse Mortgage Loan Officer salary higher than national average in Tennessee.
The average salary for a Reverse Mortgage Loan Officer in Tennessee is $44,977, but we found that the city with the highest salary for Reverse Mortgage Loan Officer jobs is Nashville, TN, and it is higher than Hendersonville. Reverse Mortgage Loan Officer jobs in Nashville can have the opportunity to earn higher salaries than in other cities in Tennessee.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Nashville $45,755 $3,813 $880 $22
Hendersonville $45,706 $3,809 $879 $22
Franklin $45,609 $3,801 $877 $22
Memphis $45,512 $3,793 $875 $22
Murfreesboro $45,415 $3,785 $873 $22
Germantown $45,366 $3,781 $872 $22
Jackson $45,172 $3,764 $869 $22
Knoxville $44,540 $3,712 $857 $21
Chattanooga $44,152 $3,679 $849 $21
Clarksville $43,860 $3,655 $843 $21

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

Frequently Asked Questions About a Reverse Mortgage Loan Officer Salaries

What is the average of a Reverse Mortgage Loan Officer in Tennessee?

The Reverse Mortgage Loan Officer salary range is from $37,731 to $52,224, and the average Reverse Mortgage Loan Officer salary is $44,977/year in Tennessee. 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.