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Finance aid coordinator vs mortgage loan counselor

The differences between finance aid coordinators and mortgage loan 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 coordinator and a mortgage loan counselor. Additionally, a mortgage loan counselor has an average salary of $45,635, which is higher than the $38,925 average annual salary of a finance aid coordinator.

The top three skills for a finance aid coordinator include financial aid programs, FAFSA and work-study. The most important skills for a mortgage loan counselor are customer service, FHA, and loan process.

Finance aid coordinator vs mortgage loan counselor overview

Finance Aid CoordinatorMortgage Loan Counselor
Yearly salary$38,925$45,635
Hourly rate$18.71$21.94
Growth rate7%-3%
Number of jobs98,99238,488
Job satisfaction--
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 54%
Average age4545
Years of experience22

Finance aid coordinator vs mortgage loan counselor salary

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

Finance Aid CoordinatorMortgage Loan Counselor
Average salary$38,925$45,635
Salary rangeBetween $30,000 And $49,000Between $35,000 And $57,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyCurry College-
Best paying industryEducation-

Differences between finance aid coordinator and mortgage loan counselor education

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

Finance Aid CoordinatorMortgage Loan Counselor
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Finance aid coordinator vs mortgage loan counselor demographics

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

Finance Aid CoordinatorMortgage Loan Counselor
Average age4545
Gender ratioMale, 24.7% Female, 75.3%Male, 39.6% Female, 60.4%
Race ratioBlack or African American, 9.0% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.9% American Indian and Alaska Native, 0.5%Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between finance aid coordinator and mortgage loan counselor duties and responsibilities

Finance aid coordinator example responsibilities.

  • Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
  • Administer quality financial aid consulting to parents and students to ensure accurate completion of all necessary FAFSA documents.
  • Review, verify, and determine eligibility for FAFSA applications, distributing financial aid and award letters as necessary.
  • Work with disbursements, Pell over awards, and default management.
  • Post loan, Pell grant and SEOG grant payments to the student account summaries.
  • Add newly enroll students to NSLDS and to check for prior loans and/or defaults, prior to start.
  • Show more

Mortgage loan counselor example responsibilities.

  • Innovate technical solutions, including development of complex macros within MSP, to automate work and reduce manual processes
  • Develop effective partnerships with non-profit organizations and community developments to improve origination of affordable housing loans for first time home buyers.
  • Help customers to bring their accounts current through negotiation and listening skills and programs that are available through Drivetime for assistance.

Finance aid coordinator vs mortgage loan counselor skills

Common finance aid coordinator skills
  • Financial Aid Programs, 9%
  • FAFSA, 6%
  • Work-Study, 6%
  • Financial Aid, 5%
  • Title IV, 5%
  • Student Loans, 5%
Common mortgage loan counselor skills
  • Customer Service, 19%
  • FHA, 11%
  • Loan Process, 9%
  • Outbound Calls, 9%
  • Payment Arrangements, 8%
  • Loan Modifications, 4%

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