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Mortgage Consultant Careers

When homebuyers want to ensure that they are making the right choice, they hire mortgage consultants who can help them find the best mortgage deals that best fit their needs and budgets. And since a mortgage is usually the biggest expense that anyone can have, hiring a mortgage consultant can be a wise move before purchasing a property.

The typical work duties of a mortgage consultant involve determining clients' needs and preferences, suggesting mortgage deals based on these parameters, and then helping clients apply for mortgages. Sometimes, they also help clients find financing options and gather financial documents required for a loan.

A mortgage consultant must have at least a bachelor's degree in business or finance, as well as adequate experience in a relevant role and an appropriate license. Moreover, they must have a good set of skills in communication, client relations, time management, and organization to succeed in this role.

If you are interested in pursuing this role, you can also take into account the salary, which is about $27,000 to $56,000 per year.

There is more than meets the eye when it comes to being a mortgage consultant. For example, did you know that they make an average of $19.36 an hour? That's $40,264 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.

What Does a Mortgage Consultant Do

There are certain skills that many mortgage consultants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed detail oriented, initiative and interpersonal skills.

When it comes to the most important skills required to be a mortgage consultant, we found that a lot of resumes listed 21.0% of mortgage consultants included customer service, while 13.9% of resumes included loan portfolio, and 7.2% of resumes included nmls. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the mortgage consultant job title. But what industry to start with? Most mortgage consultants actually find jobs in the finance and retail industries.

How To Become a Mortgage Consultant

If you're interested in becoming a mortgage consultant, one of the first things to consider is how much education you need. We've determined that 52.8% of mortgage consultants have a bachelor's degree. In terms of higher education levels, we found that 10.2% of mortgage consultants have master's degrees. Even though most mortgage consultants have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a mortgage consultant. When we researched the most common majors for a mortgage consultant, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on mortgage consultant resumes include high school diploma degrees or master's degree degrees.

You may find that experience in other jobs will help you become a mortgage consultant. In fact, many mortgage consultant jobs require experience in a role such as loan officer. Meanwhile, many mortgage consultants also have previous career experience in roles such as account executive or branch manager.

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Average Salary
$40,264
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
19,495
Job Openings

Mortgage Consultant Career Paths

Top Careers Before Mortgage Consultant

Top Careers After Mortgage Consultant

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Mortgage Consultant

Mortgage Consultants in America make an average salary of $40,264 per year or $19 per hour. The top 10 percent makes over $56,000 per year, while the bottom 10 percent under $28,000 per year.
Average Salary
$40,264

Best Paying Cities

City
ascdesc
Average Salarydesc
Albany, NY
Salary Range37k - 63k$49k$48,910
Edison, NJ
Salary Range36k - 62k$48k$48,071
Miami, FL
Salary Range35k - 58k$45k$45,325
Cleveland, OH
Salary Range33k - 57k$44k$43,666
Columbia, MD
Salary Range33k - 56k$43k$43,109
Austin, TX
Salary Range32k - 54k$42k$42,009
$20k
$63k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Loan Consultant (Experienced) + Mortgage Banking 1 (MB1) Trainee Program (NO Experience)-Denver, C
Loan Consultant (Experienced) + Mortgage Banking 1 (MB1) Trainee Program (NO Experience)-Denver, C
Pulte Group, Inc.
Pulte Group, Inc.
03/29/2021
03/29/2021
$42,65803/29/2021
$42,658
Mortgage Loan Originator
Mortgage Loan Originator
U.S. Bank
U.S. Bank
03/26/2021
03/26/2021
$37,83703/26/2021
$37,837
Mortgage Loan Purchase Spec
Mortgage Loan Purchase Spec
Randstad
Randstad
03/20/2021
03/20/2021
$50,08803/20/2021
$50,088
Mortgage Loan Consultant-Rutland Green MTN Plaza
Mortgage Loan Consultant-Rutland Green MTN Plaza
Community Bank System, Inc.
Community Bank System, Inc.
03/18/2021
03/18/2021
$42,26203/18/2021
$42,262
Mortgage Loan Certification (Overnight)
Mortgage Loan Certification (Overnight)
Iron Mountain
Iron Mountain
02/23/2021
02/23/2021
$35,47902/23/2021
$35,479
See More Recent Salaries

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Mortgage Consultant Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Mortgage Consultant. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Mortgage Consultant Resume

At Zippia, we went through countless Mortgage Consultant resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

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Mortgage Consultant Demographics

Gender

male

55.2 %

female

41.1 %

unknown

3.7 %

Ethnicity

White

69.2 %

Hispanic or Latino

14.4 %

Black or African American

8.1 %

Foreign Languages Spoken

Spanish

62.8 %

French

7.3 %

Portuguese

3.8 %
See More Demographics

Mortgage Consultant Education

Majors

Business
37.4 %
Finance
10.7 %

Degrees

Bachelors

56.8 %

Certificate

15.3 %

Associate

13.1 %

Top Colleges for Mortgage Consultants

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Public

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Public

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Mortgage Consultant

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 21.0% of mortgage consultants listed customer service on their resume, but soft skills such as detail oriented and initiative are important as well.

Best States For a Mortgage Consultant

Some places are better than others when it comes to starting a career as a mortgage consultant. The best states for people in this position are Massachusetts, Connecticut, New Hampshire, and New York. Mortgage consultants make the most in Massachusetts with an average salary of $52,947. Whereas in Connecticut and New Hampshire, they would average $51,058 and $50,023, respectively. While mortgage consultants would only make an average of $49,839 in New York, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Maine

Total Mortgage Consultant Jobs:
92
Highest 10% Earn:
$73,000
Location Quotient:
1.09
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Vermont

Total Mortgage Consultant Jobs:
50
Highest 10% Earn:
$75,000
Location Quotient:
1.02
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Connecticut

Total Mortgage Consultant Jobs:
194
Highest 10% Earn:
$83,000
Location Quotient:
0.92
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Mortgage Consultant Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ mortgage consultants and discovered their number of mortgage consultant opportunities and average salary. Through our research, we concluded that Wells Fargo was the best, especially with an average salary of $30,929. Citi follows up with an average salary of $31,142, and then comes Quicken Loans with an average of $42,468. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a mortgage consultant. The employers include Thoughtfocus Technologies, Interfirst, and Public Service Credit Union

1. Wells Fargo
4.7
Avg. Salary: 
$30,929
Mortgage Consultants Hired: 
912+
2. Citi
4.8
Avg. Salary: 
$31,142
Mortgage Consultants Hired: 
268+
3. Quicken Loans
4.8
Avg. Salary: 
$42,468
Mortgage Consultants Hired: 
203+
4. Bank of America
4.8
Avg. Salary: 
$31,008
Mortgage Consultants Hired: 
195+
5. American Equity Mortgage
4.0
Avg. Salary: 
$42,606
Mortgage Consultants Hired: 
144+
6. JPMorgan Chase
4.9
Avg. Salary: 
$30,940
Mortgage Consultants Hired: 
122+

Mortgage Consultant Videos

Updated October 2, 2020