Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between loan counselors 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 loan counselor and a mortgage loan counselor. Additionally, a loan counselor has an average salary of $49,002, which is higher than the $45,635 average annual salary of a mortgage loan counselor.
The top three skills for a loan counselor include phone calls, payment arrangements and federal regulations. The most important skills for a mortgage loan counselor are customer service, FHA, and loan process.
| Loan Counselor | Mortgage Loan Counselor | |
| Yearly salary | $49,002 | $45,635 |
| Hourly rate | $23.56 | $21.94 |
| Growth rate | 4% | -3% |
| Number of jobs | 35,925 | 38,488 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 49% | Bachelor's Degree, 54% |
| Average age | 45 | 45 |
| Years of experience | 2 | 2 |
Loan counselors and mortgage loan counselors have different pay scales, as shown below.
| Loan Counselor | Mortgage Loan Counselor | |
| Average salary | $49,002 | $45,635 |
| Salary range | Between $37,000 And $63,000 | Between $35,000 And $57,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Mortgage Inv. Group | - |
| Best paying industry | Finance | - |
There are a few differences between a loan counselor and a mortgage loan counselor in terms of educational background:
| Loan Counselor | Mortgage Loan Counselor | |
| Most common degree | Bachelor's Degree, 49% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between loan counselors' and mortgage loan counselors' demographics:
| Loan Counselor | Mortgage Loan Counselor | |
| Average age | 45 | 45 |
| Gender ratio | Male, 37.1% Female, 62.9% | Male, 39.6% Female, 60.4% |
| 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, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |