Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between agricultural loan officers and mortgage consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an agricultural loan officer and a mortgage consultant. Additionally, an agricultural loan officer has an average salary of $43,755, which is higher than the $38,934 average annual salary of a mortgage consultant.
The top three skills for an agricultural loan officer include loan portfolio, financial statements and loan committee. The most important skills for a mortgage consultant are customer service, origination, and NMLS.
| Agricultural Loan Officer | Mortgage Consultant | |
| Yearly salary | $43,755 | $38,934 |
| Hourly rate | $21.04 | $18.72 |
| Growth rate | 4% | 4% |
| Number of jobs | 65,430 | 24,057 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
An agricultural loan officer provides loan assistance to people in the agricultural sector. Farmers, fishers, and livestock owners all need steady funds for their operations, and the variable nature of the agricultural sector may threaten to end their businesses. An agricultural loan officer assesses potential recipients, determines their needs, and determines the total cost required to continue their businesses' operations. This position requires good communication skills, high organization, and strong background knowledge of social work.
A mortgage consultant is an individual who helps customers and businesses identify the best option for mortgage deals based on their financial resources. To maintain an excellent relationship with clients, mortgage consultants must possess a broad knowledge of the company's products to answer all the clients' queries and concerns. They help clients gather and analyze documents that are required for loan approval and create accurate mortgage information. They also develop relationships with banks and real estate agents to help promote bank mortgages for clients.
Agricultural loan officers and mortgage consultants have different pay scales, as shown below.
| Agricultural Loan Officer | Mortgage Consultant | |
| Average salary | $43,755 | $38,934 |
| Salary range | Between $29,000 And $65,000 | Between $23,000 And $63,000 |
| Highest paying City | San Bernardino, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | GPAC | Centennial Bank |
| Best paying industry | - | Finance |
There are a few differences between an agricultural loan officer and a mortgage consultant in terms of educational background:
| Agricultural Loan Officer | Mortgage Consultant | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Most common major | Agriculture | Business |
| Most common college | Pennsylvania State University | University of Pennsylvania |
Here are the differences between agricultural loan officers' and mortgage consultants' demographics:
| Agricultural Loan Officer | Mortgage Consultant | |
| Average age | 45 | 45 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 58.2% Female, 41.8% |
| Race ratio | Black or African American, 10.4% Unknown, 4.7% Hispanic or Latino, 12.3% Asian, 7.0% White, 65.1% American Indian and Alaska Native, 0.5% | Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.2% Asian, 6.4% White, 62.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |