Mortgage clerk vs mortgage originator

The differences between mortgage clerks and mortgage originators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a mortgage clerk, becoming a mortgage originator takes usually requires 4-6 years. Additionally, a mortgage clerk has an average salary of $31,722, which is higher than the $31,380 average annual salary of a mortgage originator.

The top three skills for a mortgage clerk include data entry, outbound calls and real estate. The most important skills for a mortgage originator are customer service, origination, and bank products.

Mortgage clerk vs mortgage originator overview

	Mortgage Clerk	Mortgage Originator
Yearly salary	$31,722	$31,380
Hourly rate	$15.25	$15.09
Growth rate	-3%	4%
Number of jobs	69,111	11,164
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 66%
Average age	42	45
Years of experience	4	6

Mortgage clerk vs mortgage originator salary

Mortgage clerks and mortgage originators have different pay scales, as shown below.

	Mortgage Clerk	Mortgage Originator
Average salary	$31,722	$31,380
Salary range	Between $25,000 And $40,000	Between $16,000 And $57,000
Highest paying City	Highlands Ranch, CO	-
Highest paying state	Maryland	-
Best paying company	Kelly Services	-
Best paying industry	Finance	-

Differences between mortgage clerk and mortgage originator education

There are a few differences between a mortgage clerk and a mortgage originator in terms of educational background:

	Mortgage Clerk	Mortgage Originator
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Mortgage clerk vs mortgage originator demographics

Here are the differences between mortgage clerks' and mortgage originators' demographics:

	Mortgage Clerk	Mortgage Originator
Average age	42	45
Gender ratio	Male, 25.5% Female, 74.5%	Male, 56.2% Female, 43.8%
Race ratio	Black or African American, 12.9% Unknown, 4.6% Hispanic or Latino, 13.9% Asian, 7.3% White, 60.8% American Indian and Alaska Native, 0.5%	Black or African American, 10.0% Unknown, 4.7% Hispanic or Latino, 15.2% Asian, 6.1% White, 63.5% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	8%

Differences between mortgage clerk and mortgage originator duties and responsibilities

Mortgage clerk example responsibilities.

Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
Insure government loans utilizing VA and FHA website.
Team player with imaging area and completing deliver FNMA, PNC.
Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
Process and underwrite conventional purchase and refinance mortgage transactions primarily under FHLMC guidelines in a centralize regional operations center.

Mortgage originator example responsibilities.

Coach new Jr. HMC's, lead team Jr. meetings and activities.
Handle issues concerning FHA, Fannie, Freddy, VA, and various loan type guidelines, policies and procedures.
Promote sales and origination of family residential properties within predetermine guidelines and rates.
Foster community relationships between lenders, and clients to ensure a positive outcome for financing requirements.
Cultivate and maintain strong relationships with outside referral sources such as realtors, builders, CPA's, attorneys, etc.

Mortgage clerk vs mortgage originator skills

Common mortgage clerk skills

Data Entry, 68%
Outbound Calls, 9%
Real Estate, 4%
Telephone Calls, 4%
Tax Payments, 2%
Computer System, 2%

Common mortgage originator skills

Customer Service, 13%
Origination, 12%
Bank Products, 11%
Loan Applications, 7%
Loan Programs, 6%
FHA, 5%