Post job

Loan processing supervisor vs mortgage consultant

The differences between loan processing supervisors and mortgage consultants 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 consultant. Additionally, a mortgage consultant has an average salary of $38,934, 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 consultant are customer service, origination, and NMLS.

Loan processing supervisor vs mortgage consultant overview

Loan Processing SupervisorMortgage Consultant
Yearly salary$35,560$38,934
Hourly rate$17.10$18.72
Growth rate4%4%
Number of jobs18,89224,057
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 67%
Average age4545
Years of experience66

Loan processing supervisor vs mortgage consultant salary

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

Loan Processing SupervisorMortgage Consultant
Average salary$35,560$38,934
Salary rangeBetween $21,000 And $57,000Between $23,000 And $63,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Centennial Bank
Best paying industry-Finance

Differences between loan processing supervisor and mortgage consultant education

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

Loan Processing SupervisorMortgage Consultant
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan processing supervisor vs mortgage consultant demographics

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

Loan Processing SupervisorMortgage Consultant
Average age4545
Gender ratioMale, 22.9% Female, 77.1%Male, 58.2% Female, 41.8%
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, 16.2% Asian, 6.4% White, 62.9% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between loan processing supervisor and mortgage consultant 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.
  • Show more

Mortgage consultant example responsibilities.

  • Coach new Jr. HMC's, lead team Jr. meetings and activities.
  • Manage a multifacete commercial real estate investment firm.
  • Well verse in FHA, VA, USDA loan programs and government regulations.
  • Originate secondary market mortgage loans, including FHA, VA, USDA, and conventional products.
  • Originate loans using conforming and non-conforming standards set forth by bank policy as well as FNMA, FHA, and VA.
  • Upgrade software and immediate access to FNMA automate underwriting allow a quicker response for customer approval.
  • Show more

Loan processing supervisor vs mortgage consultant skills

Common loan processing supervisor skills
  • Customer Service, 15%
  • Loan Applications, 15%
  • FHA, 7%
  • Va, 7%
  • Origination, 7%
  • Loan Packages, 6%
Common mortgage consultant skills
  • Customer Service, 22%
  • Origination, 10%
  • NMLS, 8%
  • Financial Services, 7%
  • Loan Products, 5%
  • Bank Products, 4%

Browse business and financial jobs