Post job

Disbursing officer vs mortgage consultant

The differences between disbursing 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 disbursing officer and a mortgage consultant. Additionally, a mortgage consultant has an average salary of $38,934, which is higher than the $33,641 average annual salary of a disbursing officer.

The top three skills for a disbursing officer include financial management, payroll services and treasury. The most important skills for a mortgage consultant are customer service, origination, and NMLS.

Disbursing officer vs mortgage consultant overview

Disbursing OfficerMortgage Consultant
Yearly salary$33,641$38,934
Hourly rate$16.17$18.72
Growth rate4%4%
Number of jobs56,77324,057
Job satisfaction--
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 67%
Average age4545
Years of experience66

Disbursing officer vs mortgage consultant salary

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

Disbursing OfficerMortgage Consultant
Average salary$33,641$38,934
Salary rangeBetween $23,000 And $48,000Between $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 disbursing officer and mortgage consultant education

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

Disbursing OfficerMortgage Consultant
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Disbursing officer vs mortgage consultant demographics

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

Disbursing OfficerMortgage Consultant
Average age4545
Gender ratioMale, 59.8% Female, 40.2%Male, 58.2% Female, 41.8%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% 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 disbursing officer and mortgage consultant duties and responsibilities

Disbursing officer example responsibilities.

  • Manage high volumes of financial activity in a fast-pace, risk-base combat environment in Afghanistan.
  • Research and input EFT (electronic funds transfer) information.
  • Collect loan proceeds and deposit funds into escrow accounts.
  • Resolve pay/leave problems in coordination with DFAS payroll offices.
  • Prepare & endorse U.S. Treasury checks for witness fees and death gratuity payments.
  • Execute electronic funds transfers for civilian payroll and issue reports to U.S. Treasury.
  • Show more

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

Disbursing officer vs mortgage consultant skills

Common disbursing officer skills
  • Financial Management, 25%
  • Payroll Services, 14%
  • Treasury, 12%
  • Internal Controls, 6%
  • Financial Aid Funds, 5%
  • Travel Claims, 3%
Common mortgage consultant skills
  • Customer Service, 22%
  • Origination, 10%
  • NMLS, 8%
  • Financial Services, 7%
  • Loan Products, 5%
  • Bank Products, 4%

Browse business and financial jobs