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Loan processing supervisor vs mortgage broker

The differences between loan processing supervisors 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 processing supervisor and a mortgage broker. Additionally, a mortgage broker has an average salary of $124,376, which is higher than the $35,560 average annual salary of a loan processing supervisor.

The top three skills for a loan processing supervisor include customer service, loan applications and FHA. The most important skills for a mortgage broker are loan applications, FHA, and va.

Loan processing supervisor vs mortgage broker overview

Loan Processing SupervisorMortgage Broker
Yearly salary$35,560$124,376
Hourly rate$17.10$59.80
Growth rate4%4%
Number of jobs18,89212,782
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 64%
Average age4545
Years of experience66

Loan processing supervisor vs mortgage broker salary

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

Loan Processing SupervisorMortgage Broker
Average salary$35,560$124,376
Salary rangeBetween $21,000 And $57,000Between $89,000 And $172,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between loan processing supervisor and mortgage broker education

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

Loan Processing SupervisorMortgage Broker
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan processing supervisor vs mortgage broker demographics

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

Loan Processing SupervisorMortgage Broker
Average age4545
Gender ratioMale, 22.9% Female, 77.1%Male, 67.5% Female, 32.5%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.9% 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 Percentage8%8%

Differences between loan processing supervisor and mortgage broker duties and responsibilities

Loan processing supervisor example responsibilities.

  • Manage a $21MM portfolio of criticize assets to resolve delinquent obligations as determined by the FDIC.
  • Manage the organization's HMDA data and accurately complete the government reporting annually.
  • Submit files to FHA and VA for government insuring.
  • Experience processing FHA, Conv.
  • Ensure timely and consistent communication occur with borrowers and agents from origination to close.
  • Supervise loan personnel at times and interact with various lenders within a local private-own loan origination company.
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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.
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Loan processing supervisor vs mortgage broker skills

Common loan processing supervisor skills
  • Customer Service, 15%
  • Loan Applications, 15%
  • FHA, 7%
  • Va, 7%
  • Origination, 7%
  • Loan Packages, 6%
Common mortgage broker skills
  • Loan Applications, 14%
  • FHA, 8%
  • Va, 8%
  • Loan Programs, 5%
  • Credit Reports, 5%
  • Loan Process, 5%

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