How Much Does a Reverse Mortgage Specialist Make?

Updated November 01, 2024
As of November 01, 2024, the average annual pay of Reverse Mortgage Specialist in the United States is $50,615. While Salary.com is seeing that Reverse Mortgage Specialist salary in the US can go up to $62,950 or down to $39,529, but most earn between $44,812 and $57,072. 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 Specialist
Reverse Mortgage Consultant
$41,418
US
Per Year
Reverse Mortgage Loan Officer
$49,098
US
Per Year
Reverse Logistics Specialist
$36,106
US
Per Year
Mortgage Specialist
$53,095
US
Per Year
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Similar Job Salaries to Reverse Mortgage Specialist by Company

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Company average base salary in (usd) range
Get It Recruit - Real Estate
Senior Reverse Mortgage Underwriter
$79,588/yr
$67,677
$91,500
RANGE: $67,677 - $91,500
Mutual of Omaha Mortgage
Reverse Mortgage Originator Development Program
$85,011/yr
$67,766
$102,256
RANGE: $67,766 - $102,256
RemoteWorker US
Reverse Mortgage Underwriter - Remote Opportunity
$89,324/yr
$75,819
$102,829
RANGE: $75,819 - $102,829

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 $44,812 to $57,072, and the average Reverse Mortgage Specialist salary is $50,615/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 $63,522 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.

$21 Hourly
A Reverse Mortgage Specialist in Gastonia, NC reported making $21 per hour
Gastonia, NC
7,6 - 15,000 employees
Part-Time
Company - Public
$23 Hourly
A Reverse Mortgage Specialist in Vineland, NJ reported making $23 per hour
Vineland, NJ
3,000 - 7,6 employees
Part-Time
Company - Public
$49,003 Yearly
A Reverse Mortgage Specialist in Minnetonka, MN reported making $49,003 per year
Minnetonka, MN
100 - 200 employees
Full-Time
Company - Private
$4,808 Monthly
A Reverse Mortgage Specialist in Saint Cloud, MN reported making $4,808 per month
Saint Cloud, MN
1,000 - 3,000 employees
Full-Time
Company - Public
$51,749 Yearly
A Reverse Mortgage Specialist in Levittown, NY reported making $51,749 per year
Levittown, NY
200 - 6 employees
Full-Time
Company - Private
$41,588 Yearly
A Reverse Mortgage Specialist in Corvallis, OR reported making $41,588 per year
Corvallis, OR
6 - 1,000 employees
Full-Time
Company - Private