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Mortgage specialist salary
Average mortgage specialist salary
$38,757
Understanding Mortgage Specialist Salaries
The average salary for a Mortgage Specialist is currently $38,757 per year, or about $19 per hour. However, this can vary based on several factors including location, experience, and specific job responsibilities. In states like California and New York, salaries tend to be higher, reflecting the cost of living and demand for skilled professionals in the mortgage industry.
Salary by Experience
Entry-level Mortgage Specialists can expect lower salaries, while those with several years of experience can command significantly higher wages. For instance, a Mortgage Specialist with over five years of experience may earn up to $50,000 annually.
Job Opportunities
As financial institutions continue to grow, opportunities for Mortgage Specialists are expanding. Many positions offer additional benefits such as commissions and bonuses based on performance, making this a lucrative career path for motivated individuals.
Conclusion
Understanding the salary trends and factors influencing compensation can help aspiring Mortgage Specialists make informed career choices. By leveraging this information, they can position themselves effectively in the job market.
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Where can a Mortgage Specialist earn more?
Mortgage specialist salaries by experience level
Mortgage specialist salary estimates from across the web
Average mortgage specialist salary by state
The average mortgage specialist salary in Washington, New York, and West Virginia are the highest in the U.S. The lowest average mortgage specialist salary states are New Mexico, Nebraska, and Iowa.
- State view
- County view
Highest paying states for mortgage specialists
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | North Carolina | $46,888 | $22.54 |
| 2 | New York | $49,047 | $23.58 |
| 3 | Rhode Island | $42,240 | $20.31 |
| 4 | Delaware | $42,679 | $20.52 |
| 5 | West Virginia | $48,834 | $23.48 |
| 6 | Washington | $50,570 | $24.31 |
| 7 | New Jersey | $48,083 | $23.12 |
| 8 | Arizona | $38,417 | $18.47 |
| 9 | Kentucky | $41,034 | $19.73 |
| 10 | Maryland | $44,251 | $21.27 |
| 11 | Vermont | $39,982 | $19.22 |
| 12 | Pennsylvania | $40,238 | $19.35 |
| 13 | Massachusetts | $44,318 | $21.31 |
| 14 | California | $47,747 | $22.96 |
| 15 | Kansas | $37,835 | $18.19 |
| 16 | Oregon | $39,903 | $19.18 |
| 17 | Indiana | $36,867 | $17.72 |
| 18 | North Dakota | $36,489 | $17.54 |
| 19 | Alaska | $38,423 | $18.47 |
| 20 | Hawaii | $38,682 | $18.60 |
| 21 | Colorado | $38,829 | $18.67 |
| 22 | Nevada | $35,714 | $17.17 |
| 23 | Connecticut | $41,673 | $20.04 |
| 24 | Arkansas | $37,830 | $18.19 |
| 25 | Ohio | $36,008 | $17.31 |
| 26 | Illinois | $38,210 | $18.37 |
| 27 | Virginia | $40,860 | $19.64 |
| 28 | Wyoming | $34,409 | $16.54 |
| 29 | Wisconsin | $38,483 | $18.50 |
| 30 | Tennessee | $36,410 | $17.50 |
| 31 | New Hampshire | $39,286 | $18.89 |
| 32 | South Dakota | $33,610 | $16.16 |
| 33 | Michigan | $34,951 | $16.80 |
| 34 | Alabama | $34,668 | $16.67 |
| 35 | Minnesota | $36,679 | $17.63 |
| 36 | Maine | $35,895 | $17.26 |
| 37 | Texas | $34,261 | $16.47 |
| 38 | Nebraska | $32,021 | $15.39 |
| 39 | Louisiana | $34,308 | $16.49 |
| 40 | Utah | $33,813 | $16.26 |
| 41 | Idaho | $33,624 | $16.17 |
| 42 | Georgia | $35,021 | $16.84 |
| 43 | Florida | $30,952 | $14.88 |
| 44 | Iowa | $31,325 | $15.06 |
| 45 | Oklahoma | $34,416 | $16.55 |
| 46 | Montana | $34,050 | $16.37 |
| 47 | South Carolina | $33,418 | $16.07 |
| 48 | New Mexico | $33,050 | $15.89 |
| 49 | Missouri | $31,253 | $15.03 |
| 50 | District of Columbia | $32,980 | $15.86 |
| 51 | Mississippi | $30,978 | $14.89 |
Highest paying cities for mortgage specialists
The highest-paying cities for mortgage specialists are Oakland, CA, New York, NY, and Trenton, NJ.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Oakland, CA | $49,328 | $23.72 |
| 2 | New York, NY | $49,321 | $23.71 |
| 3 | Trenton, NJ | $48,245 | $23.19 |
| 4 | Charlotte, NC | $45,666 | $21.95 |
| 5 | Baltimore, MD | $44,336 | $21.32 |
| 6 | Boston, MA | $44,251 | $21.27 |
| 7 | Wilmington, DE | $42,677 | $20.52 |
| 8 | Reston, VA | $41,272 | $19.84 |
| 9 | Philadelphia, PA | $40,572 | $19.51 |
| 10 | Lake Oswego, OR | $39,708 | $19.09 |
| 11 | Englewood, CO | $38,871 | $18.69 |
| 12 | Phoenix, AZ | $38,553 | $18.54 |
| 13 | Chicago, IL | $38,419 | $18.47 |
| 14 | Madison, WI | $38,191 | $18.36 |
| 15 | Saint Paul, MN | $36,728 | $17.66 |
| 16 | Columbus, OH | $36,000 | $17.31 |
| 17 | Las Vegas, NV | $35,536 | $17.08 |
| 18 | Troy, MI | $35,035 | $16.84 |
| 19 | Atlanta, GA | $34,907 | $16.78 |
| 20 | San Antonio, TX | $34,869 | $16.76 |
Mortgage specialist salary details
A mortgage specialist's salary ranges from $29,000 a year at the 10th percentile to $51,000 at the 90th percentile.
What is a mortgage specialist's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $51,000 | $4,250 | $25 |
| 75th Percentile | $45,000 | $3,750 | $22 |
| Average | $38,757 | $3,230 | $19 |
| 25th Percentile | $33,000 | $2,750 | $16 |
| 10th Percentile | $29,000 | $2,417 | $14 |
Highest paying mortgage specialist jobs
The highest paying types of mortgage specialists are loan servicing specialist, negotiator, and specialist.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Loan Processor | $38,122 | $3,177 | $18.33 | 16,228 |
| Loan Closer | $39,093 | $3,258 | $18.79 | 11,431 |
| Negotiator | $63,632 | $5,303 | $30.59 | 8,748 |
| Closer | $29,291 | $2,441 | $14.08 | 7,560 |
| Loan Coordinator | $39,836 | $3,320 | $19.15 | 24,765 |
| Loan Services Representative | $38,603 | $3,217 | $18.56 | 85,475 |
Top companies hiring mortgage specialists now:
Which companies pay mortgage specialists the most?
Mortgage specialist salaries at Citi and JPMorgan Chase & Co. are the highest-paying according to our most recent salary estimates. In addition, the average mortgage specialist salary at companies like Leidos and Navy Federal Credit Union are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Citi | $58,416 | $28.08 |
| 2 | JPMorgan Chase & Co. | $55,480 | $26.67 |
| 3 | Leidos | $52,897 | $25.43 |
| 4 | Navy Federal Credit Union | $52,422 | $25.20 |
| 5 | Radian Group | $47,929 | $23.04 |
| 6 | Mutual of Omaha | $47,294 | $22.74 |
| 7 | Johnson Financial Group | $46,357 | $22.29 |
| 8 | HSBC Bank | $46,063 | $22.15 |
| 9 | Chevron Federal Credit Union | $43,602 | $20.96 |
| 10 | UW Credit Union | $43,465 | $20.90 |
| 11 | Finance of America | $43,410 | $20.87 |
| 12 | Western Alliance Bank | $43,220 | $20.78 |
| 13 | GoodLeap | $42,696 | $20.53 |
| 14 | Riverview Community Bank | $42,159 | $20.27 |
| 15 | TRUE Community Credit Union | $42,032 | $20.21 |
| 16 | Tri Counties Bank | $41,087 | $19.75 |
| 17 | First Citizens Bank | $40,791 | $19.61 |
| 18 | Wells Fargo | $40,678 | $19.56 |
| 19 | Lake Michigan Credit Union | $40,317 | $19.38 |
| 20 | Mr. Cooper | $40,130 | $19.29 |
Wage gap by gender, race and education
Mortgage specialist salary trends
The average mortgage specialist salary has risen by $6,136 over the last ten years. In 2014, the average mortgage specialist earned $32,621 annually, but today, they earn $38,757 a year. That works out to a 7% change in pay for mortgage specialists over the last decade.
Compare mortgage specialist salaries for cities or states with the national average over time.
Average mortgage specialist salary over time
Compare mortgage specialist salaries for individual cities or states with the national average.
Mortgage specialist salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $38,800 | $18.63 | +1.8% |
| 2024 | $38,100 | $18.30 | +1.8% |
| 2023 | $37,400 | $17.97 | +2.1% |
| 2022 | $36,600 | $17.59 | +1.1% |
| 2021 | $36,200 | $17.40 | +2.4% |
Recently added mortgage specialist salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Cake Mortgage Corp | Mortgage Dispatch Specialist | Los Angeles, CA | 06/28/2025 | $43,827 |
| Teksystems | Mortgage Specialist | Moorpark, CA | 06/24/2025 | $48,001 |
| Daily Management Inc. | Mortgage Equity Specialist | Fort Lauderdale, FL | 06/16/2025 | $40,000 |
| Fay Servicing | Mortgage Disclosure Specialist | Farmers Branch, TX | 06/13/2025 | $50,003 |
| Fay Servicing | Mortgage Disclosure Specialist | Tampa, FL | 06/13/2025 | $50,003 |
| Citigroup | Mortgage Specialist Safe ACT-B10 | OFallon, MO | 05/21/2025 | $55,270 |
| Citigroup Inc. | Mortgage Specialist (Safe ACT)-B10 | Irving, TX | 05/21/2025 | $59,200 |
| Daily Management Inc. | Mortgage Equity Specialist | Fort Lauderdale, FL | 05/21/2025 | $40,000 |
| Tata Consulting Services | Mortgage Post Closing Specialist | Cincinnati, OH | 05/20/2025 | $45,000 |
| HSBC | Senior Mortgage Oversight Specialist | Buffalo, NY | 05/16/2025 | $73,400 |
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