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Loan counselor vs farm mortgage agent

The differences between loan counselors and farm mortgage agents can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a loan counselor and a farm mortgage agent. Additionally, a loan counselor has an average salary of $49,002, which is higher than the $36,756 average annual salary of a farm mortgage agent.

The top three skills for a loan counselor include phone calls, payment arrangements and federal regulations. The most important skills for a farm mortgage agent are real estate, loan applications, and mortgage loans.

Loan counselor vs farm mortgage agent overview

Loan CounselorFarm Mortgage Agent
Yearly salary$49,002$36,756
Hourly rate$23.56$17.67
Growth rate4%-3%
Number of jobs35,92549,210
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 56%
Average age4545
Years of experience22

Loan counselor vs farm mortgage agent salary

Loan counselors and farm mortgage agents have different pay scales, as shown below.

Loan CounselorFarm Mortgage Agent
Average salary$49,002$36,756
Salary rangeBetween $37,000 And $63,000Between $29,000 And $46,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyMortgage Inv. Group-
Best paying industryFinance-

Differences between loan counselor and farm mortgage agent education

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

Loan CounselorFarm Mortgage Agent
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 56%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Loan counselor vs farm mortgage agent demographics

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

Loan CounselorFarm Mortgage Agent
Average age4545
Gender ratioMale, 37.1% Female, 62.9%Male, 50.4% Female, 49.6%
Race ratioBlack 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, 9.1% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.3% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between loan counselor and farm mortgage agent duties and responsibilities

Loan counselor example responsibilities.

  • Manage portfolio of GSE assets that are actively pursuing liquidation or retention options to cure default.
  • Experience in SBA underwriting that has produce SBA loan approval.
  • Perform account reviews to ensure associates perform logical progressions of collection efforts and maintain FDCPA guidelines.
  • Provide early delinquency counseling to CalHFA customers who have conventional or FHA type of loans.
  • Exercise servicing standards put in place by the FHA, VA, USDA and other private labels.
  • Resolve accounts using effective negotiating tools and appropriate system documentation in accordance with FDCPA and company's guidelines.
  • Show more

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.

Loan counselor vs farm mortgage agent skills

Common loan counselor skills
  • Phone Calls, 14%
  • Payment Arrangements, 12%
  • Federal Regulations, 8%
  • Outbound Collection Calls, 6%
  • Inbound Calls, 6%
  • FDCPA, 4%
Common farm mortgage agent skills
  • Real Estate, 48%
  • Loan Applications, 11%
  • Mortgage Loans, 10%
  • FHA, 10%
  • Mortgage Products, 9%
  • Outbound Calls, 6%

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