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Mortgage Loan Counselor Careers

There is more than meets the eye when it comes to being a mortgage loan counselor. For example, did you know that they make an average of $17.74 an hour? That's $36,907 a year!

Between 2018 and 2028, the career is expected to grow 5% and produce 72,100 job opportunities across the U.S.

What Does a Mortgage Loan Counselor Do

There are certain skills that many mortgage loan counselors 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 loan counselor, we found that a lot of resumes listed 15.8% of mortgage loan counselors included customer service, while 8.6% of resumes included payment plans, and 8.3% of resumes included outbound calls. 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 loan counselor job title. But what industry to start with? Most mortgage loan counselors actually find jobs in the finance and professional industries.

How To Become a Mortgage Loan Counselor

If you're interested in becoming a mortgage loan counselor, one of the first things to consider is how much education you need. We've determined that 41.8% of mortgage loan counselors have a bachelor's degree. In terms of higher education levels, we found that 2.0% of mortgage loan counselors have master's degrees. Even though some mortgage loan counselors 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 loan counselor. When we researched the most common majors for a mortgage loan counselor, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on mortgage loan counselor resumes include high school diploma degrees or diploma degrees.

You may find that experience in other jobs will help you become a mortgage loan counselor. In fact, many mortgage loan counselor jobs require experience in a role such as customer service representative. Meanwhile, many mortgage loan counselors also have previous career experience in roles such as cashier or loan officer.

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Average Salary
$36,907
Average Salary
Job Growth Rate
5%
Job Growth Rate
Job Openings
30,024
Job Openings

Mortgage Loan Counselor Career Paths

Top Careers Before Mortgage Loan Counselor

Cashier
8.5 %

Top Careers After Mortgage Loan Counselor

Mortgage Loan Counselor Jobs You Might Like

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 Loan Counselor

Mortgage Loan Counselors in America make an average salary of $36,907 per year or $18 per hour. The top 10 percent makes over $43,000 per year, while the bottom 10 percent under $31,000 per year.
Average Salary
$36,907
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Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Mortgage Loan Certification (Overnight)
Mortgage Loan Certification (Overnight)
Iron Mountain
Iron Mountain
02/23/2021
02/23/2021
$35,47902/23/2021
$35,479
Mortgage Loan Funder 1
Mortgage Loan Funder 1
Wells Fargo
Wells Fargo
10/27/2020
10/27/2020
$33,40010/27/2020
$33,400
Mortgage Loan Support
Mortgage Loan Support
Robert Half
Robert Half
09/23/2020
09/23/2020
$33,39209/23/2020
$33,392
Mortgage Loan Support
Mortgage Loan Support
Robert Half
Robert Half
07/17/2020
07/17/2020
$31,30507/17/2020
$31,305
Mortgage Loan Support
Mortgage Loan Support
Robert Half
Robert Half
04/22/2020
04/22/2020
$37,56604/22/2020
$37,566

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Mortgage Loan Counselor Demographics

Gender

female

56.6 %

male

37.9 %

unknown

5.5 %

Ethnicity

White

68.5 %

Hispanic or Latino

14.8 %

Black or African American

8.3 %

Foreign Languages Spoken

Spanish

60.0 %

German

13.3 %

French

13.3 %
See More Demographics

Mortgage Loan Counselor Education

Majors

Business
35.1 %
Finance
10.1 %

Degrees

Bachelors

41.8 %

Certificate

22.4 %

Associate

17.9 %

Top Colleges for Mortgage Loan Counselors

1. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

2. University of Pennsylvania

Philadelphia, PA • Private

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

3. Northwestern University

Evanston, IL • Private

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

4. Maine Maritime Academy

Castine, ME • Private

In-State Tuition
$13,478
Enrollment
979

5. University of Southern California

Los Angeles, CA • Private

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

6. California State University - Bakersfield

Bakersfield, CA • Private

In-State Tuition
$7,309
Enrollment
9,142

7. SUNY at Binghamton

Vestal, NY • Private

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

8. Villanova University

Villanova, PA • Private

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

9. San Diego State University

San Diego, CA • Private

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

10. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177
See More Education Info

Online Courses For Mortgage Loan Counselor That You May Like

Student Loan Counselor (Exam Included)
ed2go

Student Loan Counselor (Exam Included)...

Become a Mortgage Loan Processor
udemy
4.4
(2,162)

Finibi Mortgage CEO, Joe Correa, teaches you how to become a mortgage loan processor...

Advanced Mortgage Loan Processor: Essential Skills Training
udemy
4.5
(385)

Finibi Mortgage CEO, Joe Correa, teaches you how to take your mortgage loan processor career to the next level...

See more
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Part Time
Internship
Temporary

Top Skills For a Mortgage Loan Counselor

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, 15.8% of mortgage loan counselors listed customer service on their resume, but soft skills such as detail oriented and initiative are important as well.

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Top Mortgage Loan Counselor Employers

1. Navy Federal Credit Union
4.7
Avg. Salary: 
$36,122
Mortgage Loan Counselors Hired: 
11+
2. Wells Fargo
4.7
Avg. Salary: 
$35,053
Mortgage Loan Counselors Hired: 
10+
3. Nationstar Mortgage
4.8
Avg. Salary: 
$41,027
Mortgage Loan Counselors Hired: 
8+
4. SunTrust Banks
4.9
Avg. Salary: 
$35,113
Mortgage Loan Counselors Hired: 
7+
5. Bank of America
4.8
Avg. Salary: 
$35,049
Mortgage Loan Counselors Hired: 
6+
6. JPMorgan Chase & Co.
4.9
Avg. Salary: 
$36,999
Mortgage Loan Counselors Hired: 
5+
Updated October 2, 2020