Farm mortgage agent vs mortgage banker

The differences between farm mortgage agents and mortgage bankers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a farm mortgage agent, becoming a mortgage banker takes usually requires 4-6 years. Additionally, a farm mortgage agent has an average salary of $36,756, which is higher than the $27,331 average annual salary of a mortgage banker.

The top three skills for a farm mortgage agent include real estate, loan applications and mortgage loans. The most important skills for a mortgage banker are customer service, NMLS, and federal regulations.

Farm mortgage agent vs mortgage banker overview

	Farm Mortgage Agent	Mortgage Banker
Yearly salary	$36,756	$27,331
Hourly rate	$17.67	$13.14
Growth rate	-3%	4%
Number of jobs	49,210	24,297
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 56%	Bachelor's Degree, 72%
Average age	45	45
Years of experience	2	6

Farm mortgage agent vs mortgage banker salary

Farm mortgage agents and mortgage bankers have different pay scales, as shown below.

	Farm Mortgage Agent	Mortgage Banker
Average salary	$36,756	$27,331
Salary range	Between $29,000 And $46,000	Between $9,000 And $78,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between farm mortgage agent and mortgage banker education

There are a few differences between a farm mortgage agent and a mortgage banker in terms of educational background:

	Farm Mortgage Agent	Mortgage Banker
Most common degree	Bachelor's Degree, 56%	Bachelor's Degree, 72%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Farm mortgage agent vs mortgage banker demographics

Here are the differences between farm mortgage agents' and mortgage bankers' demographics:

	Farm Mortgage Agent	Mortgage Banker
Average age	45	45
Gender ratio	Male, 50.4% Female, 49.6%	Male, 71.7% Female, 28.3%
Race ratio	Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.3% White, 63.6% 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 Percentage	8%	8%

Differences between farm mortgage agent and mortgage banker duties and responsibilities

Farm mortgage agent example responsibilities.

Generate and secure leads to sell property, casualty, life, and health insurance and banking products.
Support paralegals and attorneys in the preparation of mortgage Pacakges, documents and HUD statements.
Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
Leverage consultative-sales strengths to identify opportunities, nurture relationships and close deals.

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.

Farm mortgage agent vs mortgage banker skills

Common farm mortgage agent skills

Real Estate, 48%
Loan Applications, 11%
Mortgage Loans, 10%
FHA, 10%
Mortgage Products, 9%
Outbound Calls, 6%

Common mortgage banker skills

Customer Service, 24%
NMLS, 6%
Federal Regulations, 5%
Bank Products, 5%
Loan Programs, 5%
Origination, 4%