Related Job Titles to Reverse Mortgage Specialist

Reverse Mortgage Consultant
$37,460
Pearisburg, VA
Per Year
Reverse Mortgage Loan Officer
$44,589
Pearisburg, VA
Per Year
Reverse Logistics Specialist
$35,020
Pearisburg, VA
Per Year
Mortgage Specialist
$46,457
Pearisburg, VA
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
$67,908/yr
$57,104
$78,711
RANGE: $57,104 - $78,711
TEKsystems
Mortgage specialist
$73,232/yr
$59,870
$86,594
RANGE: $59,870 - $86,594
TEKsystems
Hybrid Mortgage Admin Specialist
$72,647/yr
$60,932
$84,362
RANGE: $60,932 - $84,362
City National Bank of WV
Mortgage Loan Specialist
$81,819/yr
$66,602
$97,036
RANGE: $66,602 - $97,036
Summit Community Bank
Mortgage Loan Specialist Harrisonburg
$67,272/yr
$54,760
$79,783
RANGE: $54,760 - $79,783
Navy Federal
Mortgage Records Management Specialist I
$105,164/yr
$87,241
$123,088
RANGE: $87,241 - $123,088
TEKsystems
Mortgage Admin Specialist (Entry Level)
$67,437/yr
$54,854
$80,020
RANGE: $54,854 - $80,020
B10 Wells Fargo Bank, N. A.
Commercial Mortgage Loan Administration Specialist
$65,209/yr
$55,707
$74,712
RANGE: $55,707 - $74,712

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What Does a Reverse Mortgage Specialist Do?

Other types of reverse mortgages exist for low-income homeowners and owners of high-value homes, and though these are not regulated or insured by the FHA, their terms and conditions mirror those of HECMs.
Updated December 07, 2021
Outstanding debts and credit history figure into reverse mortgage lenders’ decisions on whether to offer funding and how much they can offer.
Updated November 28, 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

Frequently Asked Questions About a Reverse Mortgage Specialist Salaries

What is the average of a Reverse Mortgage Specialist in Pearisburg, VA?

The Reverse Mortgage Specialist salary range is from $40,042 to $51,642, and the average Reverse Mortgage Specialist salary is $45,630/year in Pearisburg, VA. 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 $62,380 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.