Reverse Mortgage Specialist Salaries in California
How Much Does a Reverse Mortgage Specialist Make in California?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Reverse Mortgage Specialist in California is $56,503.
While Salary.com is seeing that Reverse Mortgage Specialist salary in CA can go up to $70,271
or down to $44,133, but most earn between $50,028 and $63,710.
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
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Similar Job Salaries to Reverse Mortgage Specialist by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Mutual of Omaha Mortgage
Reverse Mortgage Originator Development Program
|
$81,592/yr
|
RANGE: $73,141 - $90,042
|
|
Element Mortgage
Reverse Mortgage Specialist
|
$83,340/yr
|
RANGE: $74,650 - $92,029
|
|
Arizona Financial Credit Union
Reverse Mortgage Specialist
|
$72,875/yr
|
RANGE: $65,277 - $80,473
|
|
Mutual of Omaha Mortgage
Mortgage Loan Processor - Reverse
|
$66,476/yr
|
RANGE: $59,783 - $73,169
|
|
OneTrust Home Loans, NMLS 46375
Reverse Mortgage Loan Officer
|
$73,634/yr
|
RANGE: $65,844 - $81,423
|
|
Mutual of Omaha Mortgage
Mortgage Underwriter - Reverse
|
$97,761/yr
|
RANGE: $89,212 - $106,310
|
|
Opulence Home Equity
Reverse Mortgage Loan Officer
|
$84,345/yr
|
RANGE: $75,422 - $93,267
|
Top 10 Highest Paying Cities For Reverse Mortgage Specialist Jobs in California
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 California.
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 California.
San Jose takes first place in this list, followed by Santa Clara, Fremont.
The Reverse Mortgage Specialist salary is $64,612 in San Jose,
which is higher than the national average. There are 76 cities' Reverse Mortgage Specialist salary higher than national average in California.
The average salary for a Reverse Mortgage Specialist in California is $56,503,
but we found that the city with the highest salary for Reverse Mortgage Specialist jobs is San Jose, CA, and it is higher than Santa Clara.
Reverse Mortgage Specialist jobs in San Jose can have the opportunity to earn higher salaries than in other cities in California.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| San Jose | $64,612 | $5,384 | $1,243 | $31 |
| Santa Clara | $64,612 | $5,384 | $1,243 | $31 |
| Fremont | $64,489 | $5,374 | $1,240 | $31 |
| San Francisco | $63,977 | $5,331 | $1,230 | $31 |
| Daly City | $63,977 | $5,331 | $1,230 | $31 |
| Berkeley | $62,558 | $5,213 | $1,203 | $30 |
| Oakland | $62,558 | $5,213 | $1,203 | $30 |
| Hayward | $62,456 | $5,205 | $1,201 | $30 |
| Antioch | $59,023 | $4,919 | $1,135 | $28 |
| Vallejo | $57,630 | $4,803 | $1,108 | $28 |
What Does a Reverse Mortgage Specialist Do?
While fixed rate reverse mortgages typically offer a slightly higher marginal interest rate than adjustable rate products, they could provide a lower interest rate in the long run as we may enter a rising interest rate environment within the next five years.
Updated December 11, 2021
The following is a list of the documents that your friend or parent will need to present during the reverse mortgage application process.
Updated December 09, 2021
This type of reverse mortgage is less expensive than an HECM and taps less of a homeowner’s equity than other reverse mortgage options.
Updated December 06, 2021
Borrowers pay interest of two types on their reverse mortgage loan: An index-linked percentage and a margin.
Updated November 28, 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
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Explore JobArchitectFrequently Asked Questions About a Reverse Mortgage Specialist Salaries
What is the average of a Reverse Mortgage Specialist in California?
The Reverse Mortgage Specialist salary range is from $50,028 to $63,710, and the average Reverse Mortgage Specialist salary is $56,503/year in California.
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 $64,612
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.
