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Mortgage broker vs credit union manager

The differences between mortgage brokers and credit union managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a mortgage broker, becoming a credit union manager takes usually requires 6-8 years. Additionally, a credit union manager has an average salary of $154,238, which is higher than the $124,376 average annual salary of a mortgage broker.

The top three skills for a mortgage broker include loan applications, FHA and va. The most important skills for a credit union manager are member service, loan applications, and financial institutions.

Mortgage broker vs credit union manager overview

Mortgage BrokerCredit Union Manager
Yearly salary$124,376$154,238
Hourly rate$59.80$74.15
Growth rate4%17%
Number of jobs12,78253,180
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 74%
Average age4546
Years of experience68

Mortgage broker vs credit union manager salary

Mortgage brokers and credit union managers have different pay scales, as shown below.

Mortgage BrokerCredit Union Manager
Average salary$124,376$154,238
Salary rangeBetween $89,000 And $172,000Between $102,000 And $231,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between mortgage broker and credit union manager education

There are a few differences between a mortgage broker and a credit union manager in terms of educational background:

Mortgage BrokerCredit Union Manager
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 74%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Mortgage broker vs credit union manager demographics

Here are the differences between mortgage brokers' and credit union managers' demographics:

Mortgage BrokerCredit Union Manager
Average age4546
Gender ratioMale, 67.5% Female, 32.5%Male, 37.8% Female, 62.2%
Race ratioBlack 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%Black or African American, 8.2% Unknown, 4.1% Hispanic or Latino, 14.9% Asian, 7.7% White, 64.7% American Indian and Alaska Native, 0.3%
LGBT Percentage8%11%

Differences between mortgage broker and credit union manager duties and responsibilities

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

Credit union manager example responsibilities.

  • Supervise staff of 20-30 credit professionals managing an $80 - $100 million A/R portfolio consistently exceeding aging goals.
  • Balance and keypunch payroll deductions.
  • Work with secure transactions, including UCC financing statements and security agreements.

Mortgage broker vs credit union manager skills

Common mortgage broker skills
  • Loan Applications, 14%
  • FHA, 8%
  • Va, 8%
  • Loan Programs, 5%
  • Credit Reports, 5%
  • Loan Process, 5%
Common credit union manager skills
  • Member Service, 15%
  • Loan Applications, 12%
  • Financial Institutions, 12%
  • Cash Management, 10%
  • Credit Unions, 9%
  • Payroll, 7%

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