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Finance aid advisor vs mortgage counselor

The differences between finance aid advisors and mortgage counselors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a finance aid advisor and a mortgage counselor. Additionally, a finance aid advisor has an average salary of $37,791, which is higher than the $36,967 average annual salary of a mortgage counselor.

The top three skills for a finance aid advisor include financial aid, customer service and FAFSA. The most important skills for a mortgage counselor are mortgage loans, customer service, and foreclosure.

Finance aid advisor vs mortgage counselor overview

Finance Aid AdvisorMortgage Counselor
Yearly salary$37,791$36,967
Hourly rate$18.17$17.77
Growth rate7%-8%
Number of jobs127,37830,694
Job satisfaction--
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 60%
Average age4545
Years of experience22

Finance aid advisor vs mortgage counselor salary

Finance aid advisors and mortgage counselors have different pay scales, as shown below.

Finance Aid AdvisorMortgage Counselor
Average salary$37,791$36,967
Salary rangeBetween $28,000 And $49,000Between $28,000 And $47,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyOakland University-
Best paying industryEducation-

Differences between finance aid advisor and mortgage counselor education

There are a few differences between a finance aid advisor and a mortgage counselor in terms of educational background:

Finance Aid AdvisorMortgage Counselor
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Finance aid advisor vs mortgage counselor demographics

Here are the differences between finance aid advisors' and mortgage counselors' demographics:

Finance Aid AdvisorMortgage Counselor
Average age4545
Gender ratioMale, 29.6% Female, 70.4%Male, 41.3% Female, 58.7%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.4% White, 63.6% American Indian and Alaska Native, 0.5%Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 5.9% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between finance aid advisor and mortgage counselor duties and responsibilities

Finance aid advisor example responsibilities.

  • Manage project for the development and implementation of a university-wide scholarship database, STAARS.
  • Review incoming student ISIR, notifying students of the required documents need to complete the financial aid process.
  • Assemble files according to school and distribute to designate coordinators.
  • Perform cross-selling of banking products to help maximize company's profits.
  • Work with Microsoft office as well as internet and campus vue database.
  • Assist with collection and verification of PELL intake forms at the front counter.
  • Show more

Mortgage counselor example responsibilities.

  • Manage internal team SharePoint and document repository.
  • Assist customers on various savings and checking account transactions; balance ATM.
  • Process negotiable items balance cash vault, teller cash drawer and the automated teller machine (ATM) daily.
  • Develop effective partnerships with non-profit organizations and community developments to improve origination of affordable housing loans for first time home buyers.
  • Process retirement accounts and IRAS.
  • Counsele prospective customers on retirement options and open new IRAs.
  • Show more

Finance aid advisor vs mortgage counselor skills

Common finance aid advisor skills
  • Financial Aid, 16%
  • Customer Service, 15%
  • FAFSA, 6%
  • Financial Aid Programs, 5%
  • Student Loans, 4%
  • Title IV, 4%
Common mortgage counselor skills
  • Mortgage Loans, 12%
  • Customer Service, 12%
  • Foreclosure, 10%
  • Outbound Calls, 8%
  • FHA, 5%
  • Va, 5%

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