Reverse Mortgage Specialist Salaries in Michigan
How Much Does a Reverse Mortgage Specialist Make in Michigan?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Reverse Mortgage Specialist in Michigan is $50,448.
While Salary.com is seeing that Reverse Mortgage Specialist salary in MI can go up to $62,740
or down to $39,403, but most earn between $44,667 and $56,882.
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
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Reverse Mortgage Specialist by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Mutual of Omaha Mortgage
Mortgage Loan Processor - Reverse
|
$58,709/yr
|
RANGE: $52,798 - $64,620
|
|
Mutual of Omaha Mortgage
Reverse Mortgage Originator Development Program
|
$70,425/yr
|
RANGE: $63,131 - $77,719
|
|
SVS Vision, Inc.
Reverse Logistics Specialist
|
$45,372/yr
|
RANGE: $41,010 - $49,734
|
|
Fielmann USA
Reverse Logistics Specialist- Clinton Township, MI
|
$68,434/yr
|
RANGE: $61,387 - $75,480
|
|
ChoiceOne Bank
Mortgage Compliance Specialist
|
$59,340/yr
|
RANGE: $53,819 - $64,860
|
|
Perry Johnson Mortgage Company
Mortgage Loan Operations Specialist
|
$59,089/yr
|
RANGE: $53,510 - $64,669
|
|
United Wholesale Mortgage
Mortgage Sales Specialist
|
$102,983/yr
|
RANGE: $90,674 - $115,293
|
|
Mercantile Bank
Mortgage Systems Specialist
|
$74,057/yr
|
RANGE: $66,576 - $81,539
|
Top 10 Highest Paying Cities For Reverse Mortgage Specialist Jobs in Michigan
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 Michigan.
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 Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Reverse Mortgage Specialist salary is $51,498 in Ann Arbor,
which is higher than the national average. There are 6 cities' Reverse Mortgage Specialist salary higher than national average in Michigan.
The average salary for a Reverse Mortgage Specialist in Michigan is $50,448,
but we found that the city with the highest salary for Reverse Mortgage Specialist jobs is Ann Arbor, MI, and it is higher than Canton.
Reverse Mortgage Specialist jobs in Ann Arbor can have the opportunity to earn higher salaries than in other cities in Michigan.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Ann Arbor | $51,498 | $4,292 | $990 | $25 |
| Canton | $51,416 | $4,285 | $989 | $25 |
| Novi | $51,252 | $4,271 | $986 | $25 |
| Detroit | $51,232 | $4,269 | $985 | $25 |
| Warren | $51,232 | $4,269 | $985 | $25 |
| Dearborn | $51,232 | $4,269 | $985 | $25 |
| Dearborn Heights | $51,206 | $4,267 | $985 | $25 |
| Royal Oak | $51,176 | $4,265 | $984 | $25 |
| Westland | $51,160 | $4,263 | $984 | $25 |
| Taylor | $51,150 | $4,262 | $984 | $25 |
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
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Reverse Mortgage Specialist Salaries
What is the average of a Reverse Mortgage Specialist in Michigan?
The Reverse Mortgage Specialist salary range is from $44,667 to $56,882, and the average Reverse Mortgage Specialist salary is $50,448/year in Michigan.
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.
