Mortgage counselor vs savings counselor

The differences between mortgage counselors and savings 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 savings counselor. Additionally, a savings counselor has an average salary of $53,252, 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 savings counselor are bank products, customer transactions, and budget preparation.

Mortgage counselor vs savings counselor overview

	Mortgage Counselor	Savings Counselor
Yearly salary	$36,967	$53,252
Hourly rate	$17.77	$25.60
Growth rate	-8%	4%
Number of jobs	30,694	27,415
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 60%	Bachelor's Degree, 51%
Average age	45	45
Years of experience	2	2

Mortgage counselor vs savings counselor salary

Mortgage counselors and savings counselors have different pay scales, as shown below.

	Mortgage Counselor	Savings Counselor
Average salary	$36,967	$53,252
Salary range	Between $28,000 And $47,000	Between $35,000 And $80,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between mortgage counselor and savings counselor education

There are a few differences between a mortgage counselor and a savings counselor in terms of educational background:

	Mortgage Counselor	Savings Counselor
Most common degree	Bachelor's Degree, 60%	Bachelor's Degree, 51%
Most common major	Business	Business
Most common college	Stanford University	Stanford University

Mortgage counselor vs savings counselor demographics

Here are the differences between mortgage counselors' and savings counselors' demographics:

	Mortgage Counselor	Savings Counselor
Average age	45	45
Gender ratio	Male, 41.3% Female, 58.7%	Male, 27.0% Female, 73.0%
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, 9.5% Unknown, 4.7% Hispanic or Latino, 15.7% Asian, 6.6% White, 63.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between mortgage counselor and savings counselor duties and responsibilities

Mortgage counselor example responsibilities.

Manage internal team SharePoint and document repository.
Assist customers on various savings and checking account transactions; balance ATM.
Process negotiable items balance cash vault, teller cash drawer and the automated teller machine (ATM) daily.
Develop effective partnerships with non-profit organizations and community developments to improve origination of affordable housing loans for first time home buyers.
Process retirement accounts and IRAS.
Counsele prospective customers on retirement options and open new IRAs.

Savings counselor example responsibilities.

Inform members on HUD/ FHA guidelines.
Prepare budgets for members who are in danger of losing their homes to foreclosure.
Advise homeowners throughout foreclosure procedures.
Remain non-denominational, open, flexible and ecumenical in service to patients while also providing additional resources from local spiritual communities.
Assist borrowers with home retention programs such as HAMP, HAUP, and HAFA and company sponsor mitigation programs.

Mortgage counselor vs savings counselor skills

Common mortgage counselor skills

Mortgage Loans, 12%
Customer Service, 12%
Foreclosure, 10%
Outbound Calls, 8%
FHA, 5%
Va, 5%

Common savings counselor skills

Bank Products, 11%
Customer Transactions, 10%
Budget Preparation, 9%
ATM, 8%
Credit Reports, 8%
Inbound Calls, 7%

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Mortgage Counselor
Mortgage Counselor vs Savings Counselor

Updated January 8, 2025

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