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The differences between mortgage counselors and mortgage loan counselors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a mortgage counselor and a mortgage loan counselor. Additionally, a mortgage loan counselor has an average salary of $45,635, which is higher than the $36,967 average annual salary of a mortgage counselor.
The top three skills for a mortgage counselor include mortgage loans, customer service and foreclosure. The most important skills for a mortgage loan counselor are customer service, FHA, and loan process.
| Mortgage Counselor | Mortgage Loan Counselor | |
| Yearly salary | $36,967 | $45,635 |
| Hourly rate | $17.77 | $21.94 |
| Growth rate | -8% | -3% |
| Number of jobs | 30,694 | 38,488 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 54% |
| Average age | 45 | 45 |
| Years of experience | 2 | 2 |
Mortgage counselors and mortgage loan counselors have different pay scales, as shown below.
| Mortgage Counselor | Mortgage Loan Counselor | |
| Average salary | $36,967 | $45,635 |
| Salary range | Between $28,000 And $47,000 | Between $35,000 And $57,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between a mortgage counselor and a mortgage loan counselor in terms of educational background:
| Mortgage Counselor | Mortgage Loan Counselor | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between mortgage counselors' and mortgage loan counselors' demographics:
| Mortgage Counselor | Mortgage Loan Counselor | |
| Average age | 45 | 45 |
| Gender ratio | Male, 41.3% Female, 58.7% | Male, 39.6% Female, 60.4% |
| Race ratio | Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 5.9% White, 63.6% American Indian and Alaska Native, 0.5% | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |