How Much Does a Reverse Mortgage Specialist Make in Wisconsin?

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

Low Confidence
$48,980/yr
Average Base Pay
Low $42,979
Average $48,980
High $55,431
The average salary for Reverse Mortgage Specialist is $48,980 per year in Wisconsin.

Related Job Titles to Reverse Mortgage Specialist

Reverse Mortgage Consultant
$40,214
Wisconsin
Per Year
Reverse Mortgage Loan Officer
$47,867
Wisconsin
Per Year
Reverse Logistics Specialist
$37,615
Wisconsin
Per Year
Mortgage Specialist
$49,877
Wisconsin
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
$90,691/yr
$74,194
$107,188
RANGE: $74,194 - $107,188
Johnson Financial Group
Mortgage Servicing Specialist
$53,935/yr
$47,821
$60,049
RANGE: $47,821 - $60,049
Community State Bank
Mortgage Loan Specialist
$71,690/yr
$59,477
$83,903
RANGE: $59,477 - $83,903
JPMC Candidate Experience page
Account Specialist III - Mortgage Assumptions
$54,017/yr
$47,879
$60,155
RANGE: $47,879 - $60,155
JPMorgan Chase
Account Specialist III - Mortgage Assumptions
$54,017/yr
$47,879
$60,155
RANGE: $47,879 - $60,155
Johnson Financial Group
Mortgage Closer
$52,623/yr
$45,640
$59,607
RANGE: $45,640 - $59,607
Integro Partners
Mortgage advisor
$120,814/yr
$107,360
$134,267
RANGE: $107,360 - $134,267
Integrity Mortgage Group
mortgage advisor
$110,937/yr
$93,300
$128,575
RANGE: $93,300 - $128,575
Waterstone Mortgage Careers
Mortgage Intern
$71,702/yr
$58,845
$84,559
RANGE: $58,845 - $84,559

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

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 Wisconsin. 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 Wisconsin. Milwaukee takes first place in this list, followed by Waukesha, Madison. The Reverse Mortgage Specialist salary is $49,277 in Milwaukee, which is lower than the national average. There is 0 city's Reverse Mortgage Specialist salary higher than national average in Wisconsin.
The average salary for a Reverse Mortgage Specialist in Wisconsin is $48,980, but we found that the city with the highest salary for Reverse Mortgage Specialist jobs is Milwaukee, WI, and it is higher than Waukesha. Reverse Mortgage Specialist jobs in Milwaukee can have the opportunity to earn higher salaries than in other cities in Wisconsin.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Milwaukee $49,277 $4,106 $948 $24
Waukesha $49,079 $4,090 $944 $24
Madison $48,831 $4,069 $939 $23
Kenosha $48,286 $4,024 $929 $23
Racine $48,286 $4,024 $929 $23
Janesville $48,286 $4,024 $929 $23
Appleton $48,038 $4,003 $924 $23
Eau Claire $47,740 $3,978 $918 $23
Oshkosh $47,641 $3,970 $916 $23
Green Bay $47,294 $3,941 $910 $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 Wisconsin?

The Reverse Mortgage Specialist salary range is from $42,979 to $55,431, and the average Reverse Mortgage Specialist salary is $48,980/year in Wisconsin. 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.