Corporate banking officer vs mortgage broker

The differences between corporate banking officers and mortgage brokers 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 broker. Additionally, a mortgage broker has an average salary of $124,376, which is higher than the $91,218 average annual salary of a corporate banking officer.

The top three skills for a corporate banking officer include cash management, corporate banking and risk management. The most important skills for a mortgage broker are loan applications, FHA, and va.

Corporate banking officer vs mortgage broker overview

	Corporate Banking Officer	Mortgage Broker
Yearly salary	$91,218	$124,376
Hourly rate	$43.85	$59.80
Growth rate	4%	4%
Number of jobs	71,784	12,782
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 64%
Average age	45	45
Years of experience	6	6

Corporate banking officer vs mortgage broker salary

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

	Corporate Banking Officer	Mortgage Broker
Average salary	$91,218	$124,376
Salary range	Between $58,000 And $141,000	Between $89,000 And $172,000
Highest paying City	San Francisco, CA	-
Highest paying state	Washington	-
Best paying company	Westpac	-
Best paying industry	Finance	-

Differences between corporate banking officer and mortgage broker education

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

	Corporate Banking Officer	Mortgage Broker
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 64%
Most common major	Finance	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Corporate banking officer vs mortgage broker demographics

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

	Corporate Banking Officer	Mortgage Broker
Average age	45	45
Gender ratio	Male, 63.1% Female, 36.9%	Male, 67.5% Female, 32.5%
Race ratio	Black 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, 9.3% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between corporate banking officer and mortgage broker 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.

Mortgage broker example responsibilities.

Educate clients on mortgage contractual guidelines and process FHA, VA, and conventional loans reviewing files for submission to underwriting.
Foster deeper client relationships with commercial and residential lenders driving referrals by delivering excellent customer service.
Originate residential conventional, VA, home equity, commercial and construction loans.
Establish a network of contacts with community banks, appraisers, lenders, and other brokers.
Originate, process, and submit all types of commercial and SBA loans to the applicable lender.
Develop business plan, raise investment capital, create business processes, and obtain licensing, VA certification, HUD approval.

Corporate banking officer vs mortgage broker 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 broker skills

Loan Applications, 14%
FHA, 8%
Va, 8%
Loan Programs, 5%
Credit Reports, 5%
Loan Process, 5%

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Corporate Banking Officer
Corporate Banking Officer vs Mortgage Broker

Updated January 8, 2025

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