How Much Does a Reverse Mortgage Specialist Make in Maryland?

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

Low Confidence
$51,111/yr
Average Base Pay
Low $44,849
Average $51,111
High $57,844
The average salary for Reverse Mortgage Specialist is $51,111 per year in Maryland.

Related Job Titles to Reverse Mortgage Specialist

Reverse Mortgage Consultant
$41,964
Maryland
Per Year
Reverse Mortgage Loan Officer
$49,950
Maryland
Per Year
Reverse Logistics Specialist
$39,252
Maryland
Per Year
Mortgage Specialist
$52,048
Maryland
Per Year

Similar Job Salaries to Reverse Mortgage Specialist by Company

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Company average base salary in (usd) range
Truist Bank
Retail Community Mortgage Specialist
$76,282/yr
$64,464
$88,099
RANGE: $64,464 - $88,099
TEKsystems
Mortgage Quality Service Specialist
$86,768/yr
$76,684
$96,852
RANGE: $76,684 - $96,852
Educational Systems FCU
Mortgage Servicing Specialist ( Germantown/hybrid)
$70,474/yr
$60,339
$80,609
RANGE: $60,339 - $80,609
Summit Financial Group, Inc.
Mortgage Loan Specialist, Salisbury MD
$100,324/yr
$80,534
$120,113
RANGE: $80,534 - $120,113
Summit Community Bank
Mortgage Loan Specialist Salisbury MD
$171,561/yr
$143,742
$199,380
RANGE: $143,742 - $199,380
Themis Insight
Reverse Engineer
$85,672/yr
$76,466
$94,877
RANGE: $76,466 - $94,877
HII
Reverse Engineer
$142,037/yr
$125,298
$158,777
RANGE: $125,298 - $158,777
Synergy ECP LLC
Reverse Engineer
$106,736/yr
$95,129
$118,344
RANGE: $95,129 - $118,344
Freedom Consulting
Reverse Engineer
$120,297/yr
$103,345
$137,249
RANGE: $103,345 - $137,249
CACI
Reverse Engineer
$129,445/yr
$112,222
$146,667
RANGE: $112,222 - $146,667

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

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 Maryland. 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 Maryland. Silver Spring takes first place in this list, followed by Bethesda, Potomac. The Reverse Mortgage Specialist salary is $55,177 in Silver Spring, which is higher than the national average. There are 15 cities' Reverse Mortgage Specialist salary higher than national average in Maryland.
The average salary for a Reverse Mortgage Specialist in Maryland is $51,111, but we found that the city with the highest salary for Reverse Mortgage Specialist jobs is Silver Spring, MD, and it is higher than Bethesda. Reverse Mortgage Specialist jobs in Silver Spring can have the opportunity to earn higher salaries than in other cities in Maryland.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Silver Spring $55,177 $4,598 $1,061 $27
Bethesda $55,177 $4,598 $1,061 $27
Potomac $55,177 $4,598 $1,061 $27
Rockville $55,127 $4,594 $1,060 $27
Bowie $55,077 $4,590 $1,059 $26
Waldorf $55,028 $4,586 $1,058 $26
Gaithersburg $55,028 $4,586 $1,058 $26
Germantown $53,541 $4,462 $1,030 $26
Frederick $53,243 $4,437 $1,024 $26
Baltimore $50,963 $4,247 $980 $25

What Does a Reverse Mortgage Specialist Do?

There are a number of national, HUD-approved agencies that you can call for more information on the costs, risks, and benefits of reverse mortgages, or to schedule a counseling session.
Updated December 06, 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 Maryland?

The Reverse Mortgage Specialist salary range is from $44,849 to $57,844, and the average Reverse Mortgage Specialist salary is $51,111/year in Maryland. 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.