Reverse Mortgage Specialist Salaries in Chattanooga, TN
How Much Does a Reverse Mortgage Specialist Make in Chattanooga, TN?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Reverse Mortgage Specialist in Chattanooga, TN is $46,132.
While Salary.com is seeing that Reverse Mortgage Specialist salary in Chattanooga, TN can go up to $57,372
or down to $36,026, but most earn between $40,842 and $52,015.
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
Mortgage Underwriter - Reverse
|
$84,163/yr
|
RANGE: $71,439 - $96,887
|
|
Mutual of Omaha Mortgage
Reverse Mortgage Originator Development Program
|
$85,509/yr
|
RANGE: $68,162 - $102,855
|
|
Mutual of Omaha Mortgage
Mortgage Loan Processor - Reverse
|
$65,920/yr
|
RANGE: $55,895 - $75,945
|
|
MortgageTree Lending - a division of American...
Reverse Mortgage Originator
|
$106,812/yr
|
RANGE: $87,451 - $126,172
|
What Does a Reverse Mortgage Specialist Do?
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
To be eligible for a HECM reverse mortgage, you must be at least 62 years old, live in the home that you are planning to reverse mortgage, have significant equity or own the home outright, and be able to pay for ongoing expenses such as taxes and insurance for the property.
Updated December 07, 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
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
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Explore JobArchitectFrequently Asked Questions About a Reverse Mortgage Specialist Salaries
What is the average of a Reverse Mortgage Specialist in Chattanooga, TN?
The Reverse Mortgage Specialist salary range is from $40,842 to $52,015, and the average Reverse Mortgage Specialist salary is $46,132/year in Chattanooga, TN.
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 $63,691
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.
