Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between home mortgage consultants and consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a home mortgage consultant, becoming a consultant takes usually requires 2-4 years. Additionally, a consultant has an average salary of $78,912, which is higher than the $36,437 average annual salary of a home mortgage consultant.
The top three skills for a home mortgage consultant include customer service, financial professionals and NMLS. The most important skills for a consultant are customer service, strong analytical, and project management.
| Home Mortgage Consultant | Consultant | |
| Yearly salary | $36,437 | $78,912 |
| Hourly rate | $17.52 | $37.94 |
| Growth rate | 4% | 11% |
| Number of jobs | 53,987 | 171,733 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 64% |
| Average age | 45 | 44 |
| Years of experience | 6 | 4 |
Mortgage Consultants work to help people or businesses find the right lenders to get a mortgage from. They work with customers to find options that fit their current circumstances and financial capacity. They deal with lending institutions (banks, credit unions, mortgage bankers, or savings and loan associations) and act on behalf of potential borrowers to get the best deals. Consultants prefer working as independent contractors and not work for lending institutions and convince real estate agents to recommend them to clients when they apply for a loan.
Consultants are individuals who were tapped by a company or an organization to work on a specific activity, depending on their field of expertise. They act as guides for the organization in undertaking projects that are related to their field. Consultants would usually assist organizations in planning, often giving advice when the need arises. They would, at times, take the lead in activities that involve data gathering and interpretation of data gathering results so that they can provide solid recommendations on actions that the organization may undertake. They may also guide the organization in implementing any changes brought about by their consultancy and in evaluating the effectiveness of the changes.
Home mortgage consultants and consultants have different pay scales, as shown below.
| Home Mortgage Consultant | Consultant | |
| Average salary | $36,437 | $78,912 |
| Salary range | Between $26,000 And $50,000 | Between $58,000 And $107,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | New Jersey |
| Best paying company | - | L.E.K. Consulting |
| Best paying industry | - | Technology |
There are a few differences between a home mortgage consultant and a consultant in terms of educational background:
| Home Mortgage Consultant | Consultant | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between home mortgage consultants' and consultants' demographics:
| Home Mortgage Consultant | Consultant | |
| Average age | 45 | 44 |
| Gender ratio | Male, 62.7% Female, 37.3% | Male, 58.4% Female, 41.6% |
| Race ratio | 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% | Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 13.8% White, 65.0% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 12% |