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This question is about mortgage consultant salaries.
Do mortgage consultants make good money?
No, mortgage consultants do not make good money. A mortgage consultant makes decent money with an annual average of $40,000 a year ($19.36 an hour). At the end of the day, working as a mortgage consultant is a commission-based position, and as such, you get what you put into it.
Other factors such as years of experience, location, and company vs. independent contractor impact how much a mortgage consultant can earn - starting from as little as $26,000 a year for an entry-level position to as much as $60,000 a year for a seasoned mortgage consultant.
Highest-Paying States for Mortgage Consultants:
Massachusetts averages $52,947 a year ($25.46 an hour)
Connecticut averages $51,058 a year ($24.55 an hour)
New Hampshire averages $50,023 a year ($24.05 an hour)
New York averages $49,839 a year ($23.96 an hour)
New Jersey averages $48,203 a year ($23.17 an hour)
Lowest-Paying States for Mortgage Consultants:
Utah averages $26,103 a year ($12.55 an hour)
Mississippi averages $27,406 a year ($13.18 an hour)
Alaska averages $27,410 a year ($13.18 an hour)
Michigan averages $30,537 a year ($14.68 an hour)
Georgia averages $31,293 a year ($15.04 an hour)
Average Earnings for Mortgage Consultants by Company:
Wells Fargo averages $25,211 per year (range: $22K-$54K)
Guaranteed Rate averages $54,047 per year (range: $27K-$72K)
Newrez averages $11 an hour (range: $8-$15)
American Equity Mortgage averages $29,932 a year (range: $28K-$34K)
CitiBank averages $34,947 a year (range: $28K-$415K)
Neighborhood Assistance Corporation of America averages $9 an hour (range: $9-$40)
U.S. Bank averages $38,210 a year (range: $35K-$66K)
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