Loan supervisor vs loan counselor

The differences between loan supervisors and loan counselors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a loan supervisor, becoming a loan counselor takes usually requires 1-2 years. Additionally, a loan supervisor has an average salary of $67,504, which is higher than the $49,002 average annual salary of a loan counselor.

The top three skills for a loan supervisor include customer service, real estate and financial statements. The most important skills for a loan counselor are phone calls, payment arrangements, and federal regulations.

Loan supervisor vs loan counselor overview

	Loan Supervisor	Loan Counselor
Yearly salary	$67,504	$49,002
Hourly rate	$32.45	$23.56
Growth rate	4%	4%
Number of jobs	9,606	35,925
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 49%
Average age	45	45
Years of experience	6	2

Loan supervisor vs loan counselor salary

Loan supervisors and loan counselors have different pay scales, as shown below.

	Loan Supervisor	Loan Counselor
Average salary	$67,504	$49,002
Salary range	Between $46,000 And $98,000	Between $37,000 And $63,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Mortgage Inv. Group
Best paying industry	-	Finance

Differences between loan supervisor and loan counselor education

There are a few differences between a loan supervisor and a loan counselor in terms of educational background:

	Loan Supervisor	Loan Counselor
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 49%
Most common major	Business	Business
Most common college	University of Pennsylvania	Stanford University

Loan supervisor vs loan counselor demographics

Here are the differences between loan supervisors' and loan counselors' demographics:

	Loan Supervisor	Loan Counselor
Average age	45	45
Gender ratio	Male, 36.4% Female, 63.6%	Male, 37.1% Female, 62.9%
Race ratio	Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.5% 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%

Differences between loan supervisor and loan counselor duties and responsibilities

Loan supervisor example responsibilities.

Manage loan origination underwriting and funding teams for dealer and consumer financial products and services.
Receive loans originate by multiple loan officers, gather all necessary documentation and submit complete underwriting packages to lenders.
Analyze mortgagors for approval of HAMP or traditional modification.

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.

Loan supervisor vs loan counselor skills

Common loan supervisor skills

Customer Service, 14%
Real Estate, 13%
Financial Statements, 9%
Escrow, 7%
Mortgage Loans, 6%
Direct Reports, 5%

Common loan counselor skills

Phone Calls, 14%
Payment Arrangements, 12%
Federal Regulations, 8%
Outbound Collection Calls, 6%
Inbound Calls, 6%
FDCPA, 4%