How Much Does a Reverse Mortgage Specialist Make in Virginia?

Updated April 24, 2024
Filter

Individually reported data submitted by users of our website

Low Confidence
$49,854/yr
Average Base Pay
Low $43,749
Average $49,854
High $56,424
The average salary for Reverse Mortgage Specialist is $49,854 per year in Virginia.

Related Job Titles to Reverse Mortgage Specialist

Reverse Mortgage Consultant
$40,928
Virginia
Per Year
Reverse Mortgage Loan Officer
$48,717
Virginia
Per Year
Reverse Logistics Specialist
$38,263
Virginia
Per Year
Mortgage Specialist
$50,758
Virginia
Per Year

Similar Job Salaries to Reverse Mortgage Specialist by Company

FIND A SPECIFIC EMPLOYER
Loading results...
Company average base salary in (usd) range
Mutual of Omaha Mortgage
Reverse Mortgage Originator Development Program
$75,017/yr
$63,082
$86,951
RANGE: $63,082 - $86,951
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
CLS Bank International
Mortgage Servicing Specialist ( LOCALS ONLY)
$53,239/yr
$46,172
$60,306
RANGE: $46,172 - $60,306
B10 Wells Fargo Bank, N. A.
Commercial Mortgage Loan Administration Specialist
$65,209/yr
$55,707
$74,712
RANGE: $55,707 - $74,712
Wells Fargo
Commercial Mortgage Loan Administration Specialist
$65,209/yr
$55,707
$74,712
RANGE: $55,707 - $74,712
TEKsystems
Mortgage
$0/yr
$0
$0
RANGE: $0 - $0
Citizens Bank, N.A.
Home Mortgage Default Servicing Operations Specialist
$73,072/yr
$64,422
$81,721
RANGE: $64,422 - $81,721
Citizens Bank, N.A.
Home Mortgage Loss Mitigation Lead Decisioning Specialist
$84,479/yr
$73,949
$95,010
RANGE: $73,949 - $95,010

Open Reverse Mortgage Specialist Jobs in Virginia

Create Alert

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

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 Virginia. 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 Virginia. Arlington takes first place in this list, followed by Alexandria, Annandale. The Reverse Mortgage Specialist salary is $55,322 in Arlington, which is higher than the national average. There are 5 cities' Reverse Mortgage Specialist salary higher than national average in Virginia.
The average salary for a Reverse Mortgage Specialist in Virginia is $49,854, but we found that the city with the highest salary for Reverse Mortgage Specialist jobs is Arlington, VA, and it is higher than Alexandria. Reverse Mortgage Specialist jobs in Arlington can have the opportunity to earn higher salaries than in other cities in Virginia.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Arlington $55,322 $4,610 $1,064 $27
Alexandria $55,322 $4,610 $1,064 $27
Annandale $55,322 $4,610 $1,064 $27
Reston $55,223 $4,602 $1,062 $27
Centreville $55,123 $4,594 $1,060 $27
Richmond $48,363 $4,030 $930 $23
Petersburg $48,214 $4,018 $927 $23
Virginia State University $48,214 $4,018 $927 $23
Virginia Beach $47,518 $3,960 $914 $23
Newport News $47,071 $3,923 $905 $23

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 Virginia?

The Reverse Mortgage Specialist salary range is from $43,749 to $56,424, and the average Reverse Mortgage Specialist salary is $49,854/year in Virginia. 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.