Post job

Farm mortgage agent vs mortgage consultant

The differences between farm mortgage agents and mortgage consultants 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 consultant takes usually requires 4-6 years. Additionally, a mortgage consultant has an average salary of $38,934, which is higher than the $36,756 average annual salary of a farm mortgage agent.

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

Farm mortgage agent vs mortgage consultant overview

Farm Mortgage AgentMortgage Consultant
Yearly salary$36,756$38,934
Hourly rate$17.67$18.72
Growth rate-3%4%
Number of jobs49,21024,057
Job satisfaction--
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 67%
Average age4545
Years of experience26

Farm mortgage agent vs mortgage consultant salary

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

Farm Mortgage AgentMortgage Consultant
Average salary$36,756$38,934
Salary rangeBetween $29,000 And $46,000Between $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 farm mortgage agent and mortgage consultant education

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

Farm Mortgage AgentMortgage Consultant
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Farm mortgage agent vs mortgage consultant demographics

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

Farm Mortgage AgentMortgage Consultant
Average age4545
Gender ratioMale, 50.4% Female, 49.6%Male, 58.2% Female, 41.8%
Race ratioBlack 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, 9.3% 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 farm mortgage agent and mortgage consultant 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 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

Farm mortgage agent vs mortgage consultant 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 consultant skills
  • Customer Service, 22%
  • Origination, 10%
  • NMLS, 8%
  • Financial Services, 7%
  • Loan Products, 5%
  • Bank Products, 4%

Browse business and financial jobs