How Much Does a Reverse Mortgage Specialist Make?

Updated September 26, 2022

Individually reported data submitted by users of our website

Low Confidence
$60,979/yr
Average Base Pay
Low $52,234
Average $60,979
High $72,239
The average salary for Reverse Mortgage Specialist is $60,979 per year in the United States.

Related Job Titles to Reverse Mortgage Specialist

Reverse Mortgage Consultant
$40,542
US
Per Year
Reverse Mortgage Loan Officer
$51,343
US
Per Year
Reverse Logistics Specialist
$39,730
US
Per Year
Mortgage Specialist
$41,349
US
Per Year

Similar Job Salaries to Reverse Mortgage Specialist by Company

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Company average base salary in (usd) range
AFN
Reverse Mortgage Specialist
$69,256/yr
$55,084
$83,428
RANGE: $55,084 - $83,428
Celink Compu-Link Corporation
Reverse Mortgage Servicing Specialist
$38,749/yr
$33,599
$43,899
RANGE: $33,599 - $43,899
Summit Lending
Reverse Mortgage Loan Originator
$75,822/yr
$67,447
$84,197
RANGE: $67,447 - $84,197
Lakeview Loan Servicing
REVERSE MORTGAGE LOAN ORIGINATOR
$109,760/yr
$89,159
$130,360
RANGE: $89,159 - $130,360
RoundPoint Mortgage Servicing Corporation
Reverse Mortgage Sales Consultant
$74,881/yr
$63,522
$86,240
RANGE: $63,522 - $86,240
Finance of America Mortgage
Reverse Mortgage Advisor
$62,439/yr
$50,734
$74,143
RANGE: $50,734 - $74,143
Finance of America Reverse
Reverse Mortgage Educator
$120,516/yr
$97,879
$143,152
RANGE: $97,879 - $143,152
Longbridge Financial, LLC
Reverse Mortgage Loan Officer
$65,230/yr
$57,837
$72,623
RANGE: $57,837 - $72,623
Summit Funding, Inc.
Reverse Mortgage Loan Officer
$94,848/yr
$81,414
$108,283
RANGE: $81,414 - $108,283
Bowman Dispensers
REVERSE LOGISTICS SPECIALIST Ascent
$80,897/yr
$70,974
$90,820
RANGE: $70,974 - $90,820

Open Reverse Mortgage Specialist Jobs in the United States

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What Does a Reverse Mortgage Specialist Do?

Reverse mortgages can function as tools for debt consolidation, mortgage repayment, home repair funding or whatever the borrower desires, and while they can come with significant costs and fees, reverse mortgages can help borrowers maintain more liquidity of their assets.
Updated December 21, 2021
A reverse mortgage comes with a significant risk of foreclosure if you are unable to keep up with the property taxes associated with your home, so reverse mortgages should be entered into only with careful consideration.
Updated December 21, 2021
However, in some cases, that fee can be rolled into the reverse mortgage loan to be repaid at the end of the loan’s term.
Updated December 21, 2021
Some lenders provide these loans with “simple” rather than the traditional “compound” interest rate structures, which means that some single-purpose reverse mortgage borrowers are not required to pay interest on their interest.
Updated December 20, 2021
Though traditional HECM reverse mortgages are heavily regulated by the FHA, there are still plenty of enterprising individuals who find ways to take advantage of, or outright rob the elderly using false promises regarding products like reverse mortgages.
Updated December 18, 2021

Frequently Asked Questions About a Reverse Mortgage Specialist Salaries

What is the average of a Reverse Mortgage Specialist in the United States?

The Reverse Mortgage Specialist salary range is from $52,234 to $72,239, and the average Reverse Mortgage Specialist salary is $60,979/year in the United States. The Reverse Mortgage Specialist's salary will change in different locations.

Which location pays the highest Reverse Mortgage Specialist salary in the United States?

The Reverse Mortgage Specialist salary in San Jose, CA is $76,529 which is the highest in the US.

What kinds of reasons will influence the Reverse Mortgage Specialist'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 Specialist.

What is the growth rate of the Reverse Mortgage Specialist's salary?

If you are thinking of becoming a Reverse Mortgage Specialist or planning the next step in your career, find the detailed salary report of a Reverse Mortgage Specialist.

Recent Salary Report

Below are the most recent Reverse Mortgage Specialist salary reports. Employer name has been removed to protect anonymity.

$20 Hourly
A Reverse Mortgage Specialist in Des Moines, IA reported making $20 per hour
Des Moines, IA
7,6 - 15,000 employees
Part-Time
Company - Public
$59,135 Yearly
A Reverse Mortgage Specialist in Savannah, GA reported making $59,135 per year
Savannah, GA
6 - 1,000 employees
Full-Time
Company - Private
$70,898 Yearly
A Reverse Mortgage Specialist in Perth Amboy, NJ reported making $70,898 per year
Perth Amboy, NJ
200 - 6 employees
Full-Time
Company - Private
$68,078 Yearly
A Reverse Mortgage Specialist in Modesto, CA reported making $68,078 per year
Modesto, CA
100 - 200 employees
Full-Time
Company - Private
$3,439 Monthly
A Reverse Mortgage Specialist in New York, NY reported making $3,439 per month
New York, NY
1,000 - 3,000 employees
Full-Time
Company - Public
$39 Hourly
A Reverse Mortgage Specialist in Waukesha, WI reported making $39 per hour
Waukesha, WI
3,000 - 7,6 employees
Part-Time
Company - Public