How To Become A Home Mortgage Consultant: What It Is and Career Path

What is a home mortgage consultant and how to become one

Updated January 8, 2025

4 min read

A home mortgage consultant, sometimes called a home mortgage adviser, helps customers looking to apply for a mortgage in order to buy a home. Unlike a mortgage consultant, who can work on all kinds of mortgages including business purchases, home mortgage consultants specialize in helping people buy homes.

Home mortgage consultants deal with lending institutions such as banks on behalf of their clients. They scour financial information in order to find mortgages that have the best terms for their client. They also help their clients fill out loan applications, which can be quite complicated, and take accurate stock of their financial situation. Successful home mortgage consultants need to have excellent financial analysis skills in order to understand the terms of different mortgages and excellent customer service skills in order to build relationships with clients.

Home mortgage consultants don't build up their mortgage expertise overnight. Most start off by getting a bachelor's degree in business or a related field. They earn professional experience in the financial industry, for example by working as loan officers, before becoming a consultant. Home mortgage consultants earn an average annual salary of $37,854, and can also earn commission depending on where they work.

ScoreHome Mortgage ConsultantUS Average

Salary

2.8

Avg. Salary $36,437

Avg. Salary $59,228

Stability level

7.3

Growth rate 4%

Growth rate 0.3%

Diversity

5.5

Race

American Indian and Alaska Native 0.48%

Asian 6.41%

Black or African American 9.25%

Hispanic or Latino 16.06%

Unknown 4.64%

White 63.16%

Gender

female 37.29%

male 62.71%

Age - 44

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 44

Stress level

7.3

Stress level is high

7.1 - high

Complexity level

8.8

Complexity level is advanced

7 - challenging

Work life balance

5.6

Work life balance is fair

6.4 - fair

Key steps to become a home mortgage consultant

Explore home mortgage consultant education requirements

Most common home mortgage consultant degrees

Bachelor's

72.0 %

Associate

12.4 %

Master's

6.6 %

Start to develop specific home mortgage consultant skills

Skills	Percentages
Customer Service	34.41%
Financial Professionals	10.17%
NMLS	9.91%
Real Estate Transactions	9.01%
Customer Applications	7.64%

Complete relevant home mortgage consultant training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New home mortgage consultants learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a home mortgage consultant based on U.S. Bureau of Labor Statistics data and data from real home mortgage consultant resumes.

Research home mortgage consultant duties and responsibilities

Analyze applications to manage customer data and ensure an accurate loan origination process for purchase and refinance transactions.
Originate home loans for customers with various financing needs that include conventional, VA & FHA loans and high-risk consumers.
Advise customers regarding other foreclosure prevention alternatives including short sale and deed in lieu.
Register with NMLS and S.A.F.E.

Prepare your home mortgage consultant resume

When your background is strong enough, you can start writing your home mortgage consultant resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a home mortgage consultant resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable home mortgage consultant resume templates

Build a professional home mortgage consultant resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your home mortgage consultant resume.