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Loan supervisor vs mortgage consultant

The differences between loan 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 supervisor and a mortgage consultant. Additionally, a loan supervisor has an average salary of $67,504, which is higher than the $38,934 average annual salary of a mortgage consultant.

The top three skills for a loan supervisor include customer service, real estate and financial statements. The most important skills for a mortgage consultant are customer service, origination, and NMLS.

Loan supervisor vs mortgage consultant overview

Loan SupervisorMortgage Consultant
Yearly salary$67,504$38,934
Hourly rate$32.45$18.72
Growth rate4%4%
Number of jobs9,60624,057
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 67%
Average age4545
Years of experience66

Loan supervisor vs mortgage consultant salary

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

Loan SupervisorMortgage Consultant
Average salary$67,504$38,934
Salary rangeBetween $46,000 And $98,000Between $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 supervisor and mortgage consultant education

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

Loan SupervisorMortgage Consultant
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan supervisor vs mortgage consultant demographics

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

Loan SupervisorMortgage Consultant
Average age4545
Gender ratioMale, 36.4% Female, 63.6%Male, 58.2% Female, 41.8%
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, 16.2% Asian, 6.4% White, 62.9% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between loan supervisor and mortgage consultant 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 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 supervisor vs mortgage consultant skills

Common loan supervisor skills
  • Customer Service, 14%
  • Real Estate, 13%
  • Financial Statements, 9%
  • Escrow, 7%
  • Mortgage Loans, 6%
  • Direct Reports, 5%
Common mortgage consultant skills
  • Customer Service, 22%
  • Origination, 10%
  • NMLS, 8%
  • Financial Services, 7%
  • Loan Products, 5%
  • Bank Products, 4%

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