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The differences between mortgage loan counselors and mortgage loan processors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a mortgage loan counselor, becoming a mortgage loan processor takes usually requires 2-4 years. Additionally, a mortgage loan counselor has an average salary of $45,635, which is higher than the $43,594 average annual salary of a mortgage loan processor.
The top three skills for a mortgage loan counselor include customer service, FHA and loan process. The most important skills for a mortgage loan processor are customer service, FHA, and va.
| Mortgage Loan Counselor | Mortgage Loan Processor | |
| Yearly salary | $45,635 | $43,594 |
| Hourly rate | $21.94 | $20.96 |
| Growth rate | -3% | -3% |
| Number of jobs | 38,488 | 16,276 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 50% |
| Average age | 45 | 42 |
| Years of experience | 2 | 4 |
Mortgage loan counselors and mortgage loan processors have different pay scales, as shown below.
| Mortgage Loan Counselor | Mortgage Loan Processor | |
| Average salary | $45,635 | $43,594 |
| Salary range | Between $35,000 And $57,000 | Between $33,000 And $57,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | Massachusetts |
| Best paying company | - | Amplify Credit Union |
| Best paying industry | - | Professional |
There are a few differences between a mortgage loan counselor and a mortgage loan processor in terms of educational background:
| Mortgage Loan Counselor | Mortgage Loan Processor | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between mortgage loan counselors' and mortgage loan processors' demographics:
| Mortgage Loan Counselor | Mortgage Loan Processor | |
| Average age | 45 | 42 |
| Gender ratio | Male, 39.6% Female, 60.4% | Male, 21.7% Female, 78.3% |
| Race ratio | 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% | Black or African American, 13.3% Unknown, 4.3% Hispanic or Latino, 14.2% Asian, 6.8% White, 61.1% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 7% |