How Much Does a Reverse Mortgage Specialist Make in Missouri?

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

Low Confidence
$47,245/yr
Average Base Pay
Low $41,456
Average $47,245
High $53,467
The average salary for Reverse Mortgage Specialist is $47,245 per year in Missouri.

Related Job Titles to Reverse Mortgage Specialist

Reverse Mortgage Consultant
$38,789
Missouri
Per Year
Reverse Mortgage Loan Officer
$46,171
Missouri
Per Year
Reverse Logistics Specialist
$36,282
Missouri
Per Year
Mortgage Specialist
$48,110
Missouri
Per Year

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
$104,760/yr
$83,781
$125,738
RANGE: $83,781 - $125,738
R-G Federal Credit Union
Mortgage Servicing Specialist
$48,078/yr
$41,526
$54,631
RANGE: $41,526 - $54,631
Americo Financial Life and Annuity
Senior Commercial Mortgage Loan Servicing and Closing Specialist
$87,955/yr
$73,232
$102,679
RANGE: $73,232 - $102,679
$109,503/yr
$90,092
$128,913
RANGE: $90,092 - $128,913
NBH Bank
Mortgage Sales - Mortgage Banker I
$164,951/yr
$137,821
$192,081
RANGE: $137,821 - $192,081
NBH Bank
Mortgage Sales - Mortgage Banker II
$164,951/yr
$137,821
$192,081
RANGE: $137,821 - $192,081
NBH Bank
Mortgage Sales - Mortgage Banker III
$253,233/yr
$207,256
$299,210
RANGE: $207,256 - $299,210
West Community Credit Union
Mortgage Loan Officer
$203,990/yr
$161,076
$246,903
RANGE: $161,076 - $246,903
First Community Credit Union
Mortgage Loan Originator
$61,658/yr
$53,074
$70,243
RANGE: $53,074 - $70,243

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

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 Missouri. 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 Missouri. Kansas City takes first place in this list, followed by Saint Louis, Independence. The Reverse Mortgage Specialist salary is $48,534 in Kansas City, which is lower than the national average. There is 0 city's Reverse Mortgage Specialist salary higher than national average in Missouri.
The average salary for a Reverse Mortgage Specialist in Missouri is $47,245, but we found that the city with the highest salary for Reverse Mortgage Specialist jobs is Kansas City, MO, and it is higher than Saint Louis. Reverse Mortgage Specialist jobs in Kansas City can have the opportunity to earn higher salaries than in other cities in Missouri.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Kansas City $48,534 $4,044 $933 $23
Saint Louis $48,534 $4,044 $933 $23
Independence $48,484 $4,040 $932 $23
Florissant $48,434 $4,036 $931 $23
Lees Summit $48,335 $4,028 $930 $23
Blue Springs $48,335 $4,028 $930 $23
Chesterfield $48,236 $4,020 $928 $23
Saint Charles $48,236 $4,020 $928 $23
Columbia $48,137 $4,011 $926 $23
O Fallon $48,137 $4,011 $926 $23

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

Frequently Asked Questions About a Reverse Mortgage Specialist Salaries

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

The Reverse Mortgage Specialist salary range is from $41,456 to $53,467, and the average Reverse Mortgage Specialist salary is $47,245/year in Missouri. 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.