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Credit products officer vs mortgage consultant

The differences between credit products 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 a credit products officer and a mortgage consultant. Additionally, a credit products officer has an average salary of $99,608, which is higher than the $38,934 average annual salary of a mortgage consultant.

The top three skills for a credit products officer include credit analysis, financial statements and credit quality. The most important skills for a mortgage consultant are customer service, origination, and NMLS.

Credit products officer vs mortgage consultant overview

Credit Products OfficerMortgage Consultant
Yearly salary$99,608$38,934
Hourly rate$47.89$18.72
Growth rate4%4%
Number of jobs62,62824,057
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 67%
Average age4545
Years of experience66

Credit products officer vs mortgage consultant salary

Credit products officers and mortgage consultants have different pay scales, as shown below.

Credit Products OfficerMortgage Consultant
Average salary$99,608$38,934
Salary rangeBetween $58,000 And $170,000Between $23,000 And $63,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Centennial Bank
Best paying industry-Finance

Differences between credit products officer and mortgage consultant education

There are a few differences between a credit products officer and a mortgage consultant in terms of educational background:

Credit Products OfficerMortgage Consultant
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Credit products officer vs mortgage consultant demographics

Here are the differences between credit products officers' and mortgage consultants' demographics:

Credit Products OfficerMortgage Consultant
Average age4545
Gender ratioMale, 48.8% Female, 51.2%Male, 58.2% Female, 41.8%
Race ratioBlack or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.2% 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 Percentage8%8%

Differences between credit products officer and mortgage consultant duties and responsibilities

Credit products officer example responsibilities.

  • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
  • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
  • Implement SOX compliance for all AR audit functions.
  • Develop and implement credit and collection polices and controls for Sarbanes-Oxley compliance for the entire corporation and publish across all divisions.

Mortgage consultant example responsibilities.

  • Coach new Jr. HMC's, lead team Jr. meetings and activities.
  • Manage a multifacete commercial real estate investment firm.
  • Well verse in FHA, VA, USDA loan programs and government regulations.
  • Originate secondary market mortgage loans, including FHA, VA, USDA, and conventional products.
  • Originate loans using conforming and non-conforming standards set forth by bank policy as well as FNMA, FHA, and VA.
  • Upgrade software and immediate access to FNMA automate underwriting allow a quicker response for customer approval.
  • Show more

Credit products officer vs mortgage consultant skills

Common credit products officer skills
  • Credit Analysis, 29%
  • Financial Statements, 20%
  • Credit Quality, 20%
  • Portfolio Management, 15%
  • Credit Approval, 4%
  • Financial Analysis, 4%
Common mortgage consultant skills
  • Customer Service, 22%
  • Origination, 10%
  • NMLS, 8%
  • Financial Services, 7%
  • Loan Products, 5%
  • Bank Products, 4%

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