Loan examiner vs mortgage broker

The differences between loan examiners and mortgage brokers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a loan examiner and a mortgage broker. Additionally, a mortgage broker has an average salary of $124,376, which is higher than the $61,785 average annual salary of a loan examiner.

The top three skills for a loan examiner include credit risk, credit quality and internal controls. The most important skills for a mortgage broker are loan applications, FHA, and va.

Loan examiner vs mortgage broker overview

	Loan Examiner	Mortgage Broker
Yearly salary	$61,785	$124,376
Hourly rate	$29.70	$59.80
Growth rate	4%	4%
Number of jobs	10,805	12,782
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 64%
Average age	45	45
Years of experience	6	6

Loan examiner vs mortgage broker salary

Loan examiners and mortgage brokers have different pay scales, as shown below.

	Loan Examiner	Mortgage Broker
Average salary	$61,785	$124,376
Salary range	Between $44,000 And $86,000	Between $89,000 And $172,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between loan examiner and mortgage broker education

There are a few differences between a loan examiner and a mortgage broker in terms of educational background:

	Loan Examiner	Mortgage Broker
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 64%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Loan examiner vs mortgage broker demographics

Here are the differences between loan examiners' and mortgage brokers' demographics:

	Loan Examiner	Mortgage Broker
Average age	45	45
Gender ratio	Male, 59.0% Female, 41.0%	Male, 67.5% Female, 32.5%
Race ratio	Black or African American, 10.4% Unknown, 4.7% Hispanic or Latino, 14.4% Asian, 5.7% White, 64.3% American Indian and Alaska Native, 0.5%	Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between loan examiner and mortgage broker duties and responsibilities

Loan examiner example responsibilities.

Innovate technical solutions, including development of complex macros within MSP, to automate work and reduce manual processes
Blood collection by venipuncture and capillary technique ensure all specimens are collect accurately, on time and according to establish procedures.
Determine document validity base on HUD requirements.

Mortgage broker example responsibilities.

Educate clients on mortgage contractual guidelines and process FHA, VA, and conventional loans reviewing files for submission to underwriting.
Foster deeper client relationships with commercial and residential lenders driving referrals by delivering excellent customer service.
Originate residential conventional, VA, home equity, commercial and construction loans.
Establish a network of contacts with community banks, appraisers, lenders, and other brokers.
Originate, process, and submit all types of commercial and SBA loans to the applicable lender.
Develop business plan, raise investment capital, create business processes, and obtain licensing, VA certification, HUD approval.

Loan examiner vs mortgage broker skills

Common loan examiner skills

Credit Risk, 27%
Credit Quality, 23%
Internal Controls, 18%
Consumer Complaints, 14%
Problem Loans, 9%
Compliance Examinations, 9%

Common mortgage broker skills

Loan Applications, 14%
FHA, 8%
Va, 8%
Loan Programs, 5%
Credit Reports, 5%
Loan Process, 5%