How Much Does a Reverse Mortgage Specialist Make in North Dakota?

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

Low Confidence
$49,079/yr
Average Base Pay
Low $43,066
Average $49,079
High $55,543
The average salary for Reverse Mortgage Specialist is $49,079 per year in North Dakota.

Related Job Titles to Reverse Mortgage Specialist

Reverse Mortgage Consultant
$40,295
North Dakota
Per Year
Reverse Mortgage Loan Officer
$47,964
North Dakota
Per Year
Reverse Logistics Specialist
$37,691
North Dakota
Per Year
Mortgage Specialist
$49,978
North Dakota
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
$55,378/yr
$46,507
$64,250
RANGE: $46,507 - $64,250
Bell Bank
Mortgage Servicing Payment Specialist
$75,924/yr
$63,470
$88,379
RANGE: $63,470 - $88,379
Bell Bank
Mortgage Servicing Tax Specialist
$69,661/yr
$59,033
$80,289
RANGE: $59,033 - $80,289
Lendi Group
Mortgage Broker
$45,801/yr
$39,559
$52,043
RANGE: $39,559 - $52,043
Bravera
Mortgage Loan Servicer
$73,210/yr
$59,591
$86,828
RANGE: $59,591 - $86,828
Bravera Bank
Mortgage Loan Servicer
$55,795/yr
$47,464
$64,126
RANGE: $47,464 - $64,126
Starion Bank
Mortgage Servicing Supervisor
$115,394/yr
$88,025
$142,763
RANGE: $88,025 - $142,763
GIS Field Services
Mortgage Occupancy Field Inspector
$63,721/yr
$54,114
$73,328
RANGE: $54,114 - $73,328

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Top 10 Highest Paying Cities For Reverse Mortgage Specialist Jobs in North Dakota

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 North Dakota. 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 North Dakota. Bismarck takes first place in this list, followed by Mandan, Minot. The Reverse Mortgage Specialist salary is $49,277 in Bismarck, which is lower than the national average. There is 0 city's Reverse Mortgage Specialist salary higher than national average in North Dakota.
The average salary for a Reverse Mortgage Specialist in North Dakota is $49,079, but we found that the city with the highest salary for Reverse Mortgage Specialist jobs is Bismarck, ND, and it is higher than Mandan. Reverse Mortgage Specialist jobs in Bismarck can have the opportunity to earn higher salaries than in other cities in North Dakota.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Bismarck $49,277 $4,106 $948 $24
Mandan $49,277 $4,106 $948 $24
Minot $48,534 $4,044 $933 $23
Williston $48,534 $4,044 $933 $23
Dickinson $48,534 $4,044 $933 $23
Fargo $47,592 $3,966 $915 $23
West Fargo $47,592 $3,966 $915 $23
Grand Forks $46,600 $3,883 $896 $22

What Does a Reverse Mortgage Specialist Do?

It’s important to note that although Social Security and Medicare eligibility are not affected by a reverse mortgage loan, needs-based government programs like Medicaid and Supplemental Security Income (SSI) may be affected by the new asset that a loan represents.
Updated December 16, 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 North Dakota?

The Reverse Mortgage Specialist salary range is from $43,066 to $55,543, and the average Reverse Mortgage Specialist salary is $49,079/year in North Dakota. 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.