How Much Does a Reverse Mortgage Specialist Make in Arkansas?

Updated March 26, 2024
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Individually reported data submitted by users of our website

Low Confidence
$45,162/yr
Average Base Pay
Low $39,629
Average $45,162
High $51,111
The average salary for Reverse Mortgage Specialist is $45,162 per year in Arkansas.

Related Job Titles to Reverse Mortgage Specialist

Reverse Mortgage Consultant
$37,080
Arkansas
Per Year
Reverse Mortgage Loan Officer
$44,136
Arkansas
Per Year
Reverse Logistics Specialist
$34,683
Arkansas
Per Year
Mortgage Specialist
$45,990
Arkansas
Per Year

Similar Job Salaries to Reverse Mortgage Specialist by Company

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Company average base salary in (usd) range
Arvest Bank
Mortgage Servicing Structured Loan Specialist
$80,206/yr
$64,878
$95,534
RANGE: $64,878 - $95,534
Arvest Bank
Mortgage Servicing Escrow Insurance Specialist
$63,341/yr
$52,263
$74,419
RANGE: $52,263 - $74,419
Arvest Bank
Mortgage Servicing Records Management Specialist
$57,889/yr
$47,437
$68,340
RANGE: $47,437 - $68,340
Sam's Club
Director, Supply Chain Management - Reverse Supply Chain (Sam's Club)
$166,100/yr
$140,486
$191,714
RANGE: $140,486 - $191,714
Arvest Bank
Mortgage Controller
$264,510/yr
$203,382
$325,638
RANGE: $203,382 - $325,638
Arvest Bank
Mortgage Lender
$103,422/yr
$80,443
$126,401
RANGE: $80,443 - $126,401
FIRSTAR BANK
Mortgage Processor
$149,679/yr
$115,925
$183,432
RANGE: $115,925 - $183,432
Arvest Bank
Mortgage Sales Assistant
$45,431/yr
$37,610
$53,252
RANGE: $37,610 - $53,252

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Top 10 Highest Paying Cities For Reverse Mortgage Specialist Jobs in Arkansas

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Reverse Mortgage Specialist 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 Specialist job salaries in Arkansas. Some cities can pay higher salaries for Reverse Mortgage Specialist jobs, which can indicate that there is a large demand for Reverse Mortgage Specialist positions in this city.
The following table shows top 10 cities where the Reverse Mortgage Specialist salary is higher than other cities in Arkansas. Jonesboro takes first place in this list, followed by Little Rock, Jacksonville. The Reverse Mortgage Specialist salary is $46,104 in Jonesboro, which is lower than the national average. There is 0 city's Reverse Mortgage Specialist salary higher than national average in Arkansas.
The average salary for a Reverse Mortgage Specialist in Arkansas is $45,162, but we found that the city with the highest salary for Reverse Mortgage Specialist jobs is Jonesboro, AR, and it is higher than Little Rock. Reverse Mortgage Specialist jobs in Jonesboro can have the opportunity to earn higher salaries than in other cities in Arkansas.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Jonesboro $46,104 $3,842 $887 $22
Little Rock $45,559 $3,797 $876 $22
Jacksonville $45,510 $3,792 $875 $22
Fayetteville $45,162 $3,764 $869 $22
Springdale $45,162 $3,764 $869 $22
Conway $45,113 $3,759 $868 $22
Texarkana $45,063 $3,755 $867 $22
Rogers $44,915 $3,743 $864 $22
Bentonville $44,815 $3,735 $862 $22
Pine Bluff $44,369 $3,697 $853 $21

What Does a Reverse Mortgage Specialist Do?

After a reverse mortgage application is begun, lenders have a formal appraisal done for a property to get a more accurate picture of its value.
Updated December 11, 2021
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

Frequently Asked Questions About a Reverse Mortgage Specialist Salaries

What is the average of a Reverse Mortgage Specialist in Arkansas?

The Reverse Mortgage Specialist salary range is from $39,629 to $51,111, and the average Reverse Mortgage Specialist salary is $45,162/year in Arkansas. 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 $62,216 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.