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Corporate banking officer vs mortgage banker

The differences between corporate banking officers and mortgage bankers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a corporate banking officer and a mortgage banker. Additionally, a corporate banking officer has an average salary of $91,218, which is higher than the $27,331 average annual salary of a mortgage banker.

The top three skills for a corporate banking officer include cash management, corporate banking and risk management. The most important skills for a mortgage banker are customer service, NMLS, and federal regulations.

Corporate banking officer vs mortgage banker overview

Corporate Banking OfficerMortgage Banker
Yearly salary$91,218$27,331
Hourly rate$43.85$13.14
Growth rate4%4%
Number of jobs71,78424,297
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 72%
Average age4545
Years of experience66

Corporate banking officer vs mortgage banker salary

Corporate banking officers and mortgage bankers have different pay scales, as shown below.

Corporate Banking OfficerMortgage Banker
Average salary$91,218$27,331
Salary rangeBetween $58,000 And $141,000Between $9,000 And $78,000
Highest paying CitySan Francisco, CA-
Highest paying stateWashington-
Best paying companyWestpac-
Best paying industryFinance-

Differences between corporate banking officer and mortgage banker education

There are a few differences between a corporate banking officer and a mortgage banker in terms of educational background:

Corporate Banking OfficerMortgage Banker
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 72%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Corporate banking officer vs mortgage banker demographics

Here are the differences between corporate banking officers' and mortgage bankers' demographics:

Corporate Banking OfficerMortgage Banker
Average age4545
Gender ratioMale, 63.1% Female, 36.9%Male, 71.7% Female, 28.3%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.7% American Indian and Alaska Native, 0.5%Black or African American, 9.5% Unknown, 4.7% Hispanic or Latino, 15.7% Asian, 6.5% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between corporate banking officer and mortgage banker duties and responsibilities

Corporate banking officer example responsibilities.

  • Manage a combination of commercial and personal banking relationships, and promote cross-selling across multiple product lines.
  • Complete random audits on vaults, ATM's, cash boxes, and cash machines.
  • Monitor and track securities transactions, fund transfers, margin accounts.
  • Assist in cross selling new treasury services to existing clients in order to increase revenue.
  • Service and fund all daily treasury and corporate credit functions, checking for loan compliance and legal documentation.
  • Supervise end-of-dayprocessing for: teller, vault and ATM cash balancing, wire transfers, overdrafts and checkprocessing.
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Mortgage banker example responsibilities.

  • Coach new Jr. HMC's, lead team Jr. meetings and activities.
  • Establish residential and commercial lending relationships, telephone loan origination of conventional and non-conventional mortgage products to include VA/FHA options.
  • Register with NMLS to sell mortgage products
  • Initiate the stabilization of client relationships and leverage cross-selling and promotional opportunities.
  • Gain valuable knowledge about USDA loans
  • Specialize in 203K and FNMA HomePath.
  • Show more

Corporate banking officer vs mortgage banker skills

Common corporate banking officer skills
  • Cash Management, 25%
  • Corporate Banking, 23%
  • Risk Management, 8%
  • Client Relationships, 7%
  • Treasury, 7%
  • Loan Portfolio, 5%
Common mortgage banker skills
  • Customer Service, 24%
  • NMLS, 6%
  • Federal Regulations, 5%
  • Bank Products, 5%
  • Loan Programs, 5%
  • Origination, 4%

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