Average Mortgage Specialist Salary
$34,000 yearly
$12.14 hourly
Updated July 8, 2021
$25,000
10 %
$34,000
Median
$45,000
90 %
Mortgage specialists in the United States make an average salary of $34,377 per year or $16.53 per hour. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $25,000 a year, while the top 10% makes $45,000. As most things go, location can be critical. California, New Jersey, West Virginia, Washington, and Connecticut provide the highest mortgage specialist salaries.

Average Mortgage Specialist Salary By State

The darker areas on the map show where mortgage specialists earn the highest salaries across all 50 states.

Average Salary

Mortgage Specialist average salary by State

StateascdescAvg. salaryascdescHourly rateascdesc
Alabama
Alabama
$37,036
$37,036
$17.81
$17.81
Alaska
Alaska
$41,107
$41,107
$19.76
$19.76
Arizona
Arizona
$42,226
$42,226
$20.30
$20.30
Arkansas
Arkansas
$40,213
$40,213
$19.33
$19.33
California
California
$55,603
$55,603
$26.73
$26.73
Colorado
Colorado
$40,611
$40,611
$19.52
$19.52
Connecticut
Connecticut
$48,187
$48,187
$23.17
$23.17
Delaware
Delaware
$42,294
$42,294
$20.33
$20.33
District of Columbia
District of Columbia
$54,824
$54,824
$26.36
$26.36
Florida
Florida
$42,806
$42,806
$20.58
$20.58
Georgia
Georgia
$41,076
$41,076
$19.75
$19.75
Hawaii
Hawaii
$36,857
$36,857
$17.72
$17.72
Idaho
Idaho
$32,385
$32,385
$15.57
$15.57
Illinois
Illinois
$41,523
$41,523
$19.96
$19.96
Indiana
Indiana
$38,953
$38,953
$18.73
$18.73
Iowa
Iowa
$32,487
$32,487
$15.62
$15.62
Kansas
Kansas
$41,538
$41,538
$19.97
$19.97
Kentucky
Kentucky
$36,063
$36,063
$17.34
$17.34
Louisiana
Louisiana
$38,403
$38,403
$18.46
$18.46
Maine
Maine
$35,847
$35,847
$17.23
$17.23
Maryland
Maryland
$46,163
$46,163
$22.19
$22.19
Massachusetts
Massachusetts
$44,662
$44,662
$21.47
$21.47
Michigan
Michigan
$36,697
$36,697
$17.64
$17.64
Minnesota
Minnesota
$39,200
$39,200
$18.85
$18.85
Mississippi
Mississippi
$37,032
$37,032
$17.80
$17.80
Missouri
Missouri
$36,484
$36,484
$17.54
$17.54
Montana
Montana
$34,763
$34,763
$16.71
$16.71
Nebraska
Nebraska
$34,728
$34,728
$16.70
$16.70
Nevada
Nevada
$40,808
$40,808
$19.62
$19.62
New Hampshire
New Hampshire
$42,914
$42,914
$20.63
$20.63
New Jersey
New Jersey
$51,943
$51,943
$24.97
$24.97
New Mexico
New Mexico
$40,027
$40,027
$19.24
$19.24
New York
New York
$47,138
$47,138
$22.66
$22.66
North Carolina
North Carolina
$41,091
$41,091
$19.76
$19.76
North Dakota
North Dakota
$42,400
$42,400
$20.38
$20.38
Ohio
Ohio
$37,562
$37,562
$18.06
$18.06
Oklahoma
Oklahoma
$40,745
$40,745
$19.59
$19.59
Oregon
Oregon
$41,727
$41,727
$20.06
$20.06
Pennsylvania
Pennsylvania
$39,562
$39,562
$19.02
$19.02
Rhode Island
Rhode Island
$40,046
$40,046
$19.25
$19.25
South Carolina
South Carolina
$36,417
$36,417
$17.51
$17.51
South Dakota
South Dakota
$33,719
$33,719
$16.21
$16.21
Tennessee
Tennessee
$40,170
$40,170
$19.31
$19.31
Texas
Texas
$46,033
$46,033
$22.13
$22.13
Utah
Utah
$40,752
$40,752
$19.59
$19.59
Vermont
Vermont
$40,066
$40,066
$19.26
$19.26
Virginia
Virginia
$47,090
$47,090
$22.64
$22.64
Washington
Washington
$48,813
$48,813
$23.47
$23.47
West Virginia
West Virginia
$49,820
$49,820
$23.95
$23.95
Wisconsin
Wisconsin
$40,421
$40,421
$19.43
$19.43
Wyoming
Wyoming
$35,313
$35,313
$16.98
$16.98

Highest Paying Cities For Mortgage Specialist

0 selections
CityascdescAvg. salaryascdescHourly rateascdesc
Oakland, CA
Oakland, CA
$57,086
$57,086
$27.45
$27.45
San Antonio, TX
San Antonio, TX
$47,151
$47,151
$22.67
$22.67
Bowie, MD
Bowie, MD
$46,120
$46,120
$22.17
$22.17
Tampa, FL
Tampa, FL
$42,947
$42,947
$20.65
$20.65
Phoenix, AZ
Phoenix, AZ
$42,302
$42,302
$20.34
$20.34
Northbrook, IL
Northbrook, IL
$41,798
$41,798
$20.10
$20.10

The largest raises come from changing jobs.

See what's out there.

Average Mortgage Specialist Salary Over Time

Compare salaries for individual cities or states with the national average.

Location

    Average JOB Salary by Field

    Loan Processor

    Avg. salary: $40,378

    A loan processor is responsible for assisting customers with their loan requests, ensuring their eligibility, and choosing the best loan options for their needs. Loan processors carefully review loan application documents and prepare loan proposals for underwriting, analyzing the applicant's financial status and credit scores, processing repayment plans, and adhering to banking and financial regulations. A loan processor must have excellent knowledge of the banking industry and processes to provide the best loan services for the customers efficiently and accurately.
    9,229 Loan Processor Jobs
    Loan Closer

    Avg. salary: $39,689

    A loan closer is primarily in charge of handling and closing loan documentation, ensuring accuracy and smooth transactions. A loan closer's responsibilities revolve around liaising with clients to guarantee that they adhere to every term in the contract, preparing necessary reports and documents, monitoring payment progress, and ensuring that they have a deep understanding of the obligations under the contract. Furthermore, it is essential to maintain records of all transactions and assist clients, all while implementing the company's policies and regulations.
    6,178 Loan Closer Jobs
    Negotiator

    Avg. salary: $63,857

    A Negotiator is primarily in charge of communicating with clients and business partners to negotiate and establish sales, building positive relationships in the process. They typically perform market research and analysis to develop plans and sales pitches, coordinate with the company's legal team, arrange appointments with clients to discuss contract terms, and address issues and concerns, resolving them promptly and efficiently. Moreover, a negotiator maintains an active communication line with staff, regularly reporting to managers for a smooth and efficient workflow.
    3,490 Negotiator Jobs
    Closer

    Avg. salary: $26,013

    The duties of a closer depend on one's line of work or industry of employment. Typically, their responsibilities revolve around liaising with clients to ensure that they understand and adhere to all terms of the agreement, completing all requirements and necessary documents, and maintaining records of all transactions. A closer must also monitor the regular payments of clients to ensure their compliance with the agreement, answer any inquiries, perform follow-up calls, and address any issues or concerns, resolving them promptly and efficiently.
    9,941 Closer Jobs
    Loan Coordinator

    Avg. salary: $44,458

    A Loan Coordinator is responsible for processing loan applications and determining the eligibility of applicants for loan options. Loan Coordinators perform administrative and clerical duties under the supervision of a loan supervisor. They file reports, monitor transactions, and review the applicants' credit scores. A loan coordinator must have excellent communication and organizational skills, especially responding to the applicants' inquiries and concerns, resolving complaints, and directing them to the loan personnel for any updates on their applications.
    13,034 Loan Coordinator Jobs
    Loan Services Representative

    Avg. salary: $30,794

    A loan service representative is responsible for communicating and interacting with clients and serves as a back-up or reliever in a company. They are the first person that the client must go through if they want to apply for a loan. Loan representatives monitor and ensure that all data and information is properly documented using a loan processing system. Also, they are the ones who inspect and verify if a company is complying with the transaction rules as well as the loan procedures and regulations.
    37,972 Loan Services Representative Jobs

    Mortgage Specialist Salaries By Years Of Experience

    The salary for a mortgage specialist can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

    Which Companies Pay Mortgage Specialists The Most?

    If you insist on knowing when your check is going to come and for how much, then you'd be better off working for companies like BMO Capital Markets and Tata Consultancy Services as they offer the highest salaries for mortgage specialists.
    Company
    Company
    Avg. Salary
    Range
    $30k
    $108k
    $30k
    $108k
    $30k
    $108k

    Recently Added Mortgage Specialist Salaries

    Location
    CompanyascdescJobascdescLocationascdescDate AddedascdescSalaryascdesc
    Mortgage Origination Specialist
    Mortgage Origination Specialist
    Herndon, VA
    Herndon, VA
    06/29/2021
    06/29/2021
    $35,479
    $35,479
    06/29/2021
    Visio Lending
    Visio Lending
    Mortgage Review Specialist
    Mortgage Review Specialist
    Mortgage Review Specialist
    Austin, TX
    Austin, TX
    06/24/2021
    06/24/2021
    $37,566
    $37,566
    06/24/2021
    Mortgage Specialist
    Mortgage Specialist
    Birmingham, AL
    Birmingham, AL
    05/25/2021
    05/25/2021
    $29,218
    $29,218
    05/25/2021
    Mortgage Default Specialist
    Mortgage Default Specialist
    Pensacola, FL
    Pensacola, FL
    05/17/2021
    05/17/2021
    $31,305
    $31,305
    05/17/2021
    Mortgage Default Specialist
    Mortgage Default Specialist
    Pensacola, FL
    Pensacola, FL
    05/14/2021
    05/14/2021
    $31,305
    $31,305
    05/14/2021
    Visio Lending
    Visio Lending
    Mortgage Review Specialist
    Mortgage Review Specialist
    Mortgage Review Specialist
    Austin, TX
    Austin, TX
    05/03/2021
    05/03/2021
    $37,566
    $37,566
    05/03/2021
    Visio Lending
    Visio Lending
    Mortgage Review Specialist
    Mortgage Review Specialist
    Mortgage Review Specialist
    Austin, TX
    Austin, TX
    05/03/2021
    05/03/2021
    $37,566
    $37,566
    05/03/2021
    Mortgage Specialist
    Mortgage Specialist
    Nome, TX
    Nome, TX
    03/22/2021
    03/22/2021
    $47,000
    $47,000
    03/22/2021
    Mortgage Specialist
    Mortgage Specialist
    Irving, TX
    Irving, TX
    03/10/2021
    03/10/2021
    $35,479
    $35,479
    03/10/2021
    Mortgage Specialist
    Mortgage Specialist
    Maple Shade, NJ
    Maple Shade, NJ
    03/07/2021
    03/07/2021
    $41,740
    $41,740
    03/07/2021

    Average Mortgage Specialist Salary by Demographic

    Mortgage Specialist Gender Pay Gap

    male-income
    Male Income
    $37,550
    female-income
    Female Income
    $36,521
    Median Mortgage Specialist Income by Race
    Asian mortgage specialists have the highest average salary compared to other ethnicities. Black or african american mortgage specialists have the lowest average salary at $36,401.
    $39,000
    $38,000
    $37,000
    $36,000
    White
    Black or African American
    Asian
    Unknown
    Hispanic or Latino
    Ethnicityascdesc
    Salaryascdesc
    White$36,880
    Black or African American$36,401
    Asian$37,729
    Unknown$36,960
    Hispanic or Latino$37,207
    Average Mortgage Specialist Salary by Education Level
    Mortgage specialists with a Masters degree earn more than those without, at $37,675 annually. With a Bachelors degree, mortgage specialists earn a median annual income of $36,529 compared to $36,521 for mortgage specialists with an High School Diploma degree.
    $39,000
    $38,000
    $37,000
    $36,000
    High School Diploma or Less
    Some College/ Associate Degree
    Bachelor's Degree
    Master's Degree
    Educationascdesc
    Salaryascdesc
    High School Diploma or Less$36,521
    Some College/ Associate Degree$36,271
    Bachelor's Degree$36,529
    Master's Degree$37,675