How Much Does a Reverse Mortgage Specialist Make in Texas?

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

Low Confidence
$48,534/yr
Average Base Pay
Low $42,587
Average $48,534
High $54,926
The average salary for Reverse Mortgage Specialist is $48,534 per year in Texas.

Related Job Titles to Reverse Mortgage Specialist

Reverse Mortgage Consultant
$39,847
Texas
Per Year
Reverse Mortgage Loan Officer
$47,431
Texas
Per Year
Reverse Logistics Specialist
$37,272
Texas
Per Year
Mortgage Specialist
$49,423
Texas
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
$76,528/yr
$61,911
$91,146
RANGE: $61,911 - $91,146
Lennar Homes
Mortgage Loan Credit Specialist
$60,051/yr
$48,902
$71,200
RANGE: $48,902 - $71,200
Access Community Credit Union
Mortgage Loan Specialist
$83,330/yr
$69,004
$97,656
RANGE: $69,004 - $97,656
Mortgage Financial Services
Mortgage Post Closing Specialist
$52,272/yr
$44,996
$59,548
RANGE: $44,996 - $59,548
Union Square Credit Union
Mortgage Services Specialist
$74,766/yr
$62,433
$87,099
RANGE: $62,433 - $87,099

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

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 Texas. 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 Texas. Houston takes first place in this list, followed by Pasadena, Galveston. The Reverse Mortgage Specialist salary is $49,723 in Houston, which is higher than the national average. There is 1 city's Reverse Mortgage Specialist salary higher than national average in Texas.
The average salary for a Reverse Mortgage Specialist in Texas is $48,534, but we found that the city with the highest salary for Reverse Mortgage Specialist jobs is Houston, TX, and it is higher than Pasadena. Reverse Mortgage Specialist jobs in Houston can have the opportunity to earn higher salaries than in other cities in Texas.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Houston $49,723 $4,144 $956 $24
Pasadena $49,525 $4,127 $952 $24
Galveston $49,475 $4,123 $951 $24
Austin $49,079 $4,090 $944 $24
Dallas $48,930 $4,078 $941 $24
Plano $48,930 $4,078 $941 $24
Carrollton $48,930 $4,078 $941 $24
Garland $48,930 $4,078 $941 $24
Irving $48,930 $4,078 $941 $24
Richardson $48,930 $4,078 $941 $24

What Does a Reverse Mortgage Specialist Do?

The application and closing process for a reverse mortgage can take much longer than it should if borrowers are not technologically inclined.
Updated December 08, 2021
Longbridge Financial is certified by the National Reverse Mortgage Lenders Association for its high standards of ethical business practice.
Updated December 05, 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 Texas?

The Reverse Mortgage Specialist salary range is from $42,587 to $54,926, and the average Reverse Mortgage Specialist salary is $48,534/year in Texas. 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.