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Loan supervisor vs mortgage broker

The differences between loan 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 supervisor and a mortgage broker. Additionally, a mortgage broker has an average salary of $124,376, which is higher than the $67,504 average annual salary of a loan supervisor.

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

Loan supervisor vs mortgage broker overview

Loan SupervisorMortgage Broker
Yearly salary$67,504$124,376
Hourly rate$32.45$59.80
Growth rate4%4%
Number of jobs9,60612,782
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 64%
Average age4545
Years of experience66

Loan supervisor vs mortgage broker salary

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

Loan SupervisorMortgage Broker
Average salary$67,504$124,376
Salary rangeBetween $46,000 And $98,000Between $89,000 And $172,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between loan supervisor and mortgage broker education

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

Loan SupervisorMortgage Broker
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan supervisor vs mortgage broker demographics

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

Loan SupervisorMortgage Broker
Average age4545
Gender ratioMale, 36.4% Female, 63.6%Male, 67.5% Female, 32.5%
Race ratioBlack 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, 9.3% 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 supervisor and mortgage broker 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.

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.
  • Show more

Loan supervisor vs mortgage broker skills

Common loan supervisor skills
  • Customer Service, 14%
  • Real Estate, 13%
  • Financial Statements, 9%
  • Escrow, 7%
  • Mortgage Loans, 6%
  • Direct Reports, 5%
Common mortgage broker skills
  • Loan Applications, 14%
  • FHA, 8%
  • Va, 8%
  • Loan Programs, 5%
  • Credit Reports, 5%
  • Loan Process, 5%

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