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The differences between mortgage loan counselors and mortgage loan specialists 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 specialist takes usually requires 2-4 years. Additionally, a mortgage loan counselor has an average salary of $45,635, which is higher than the $41,186 average annual salary of a mortgage loan specialist.
The top three skills for a mortgage loan counselor include customer service, FHA and loan process. The most important skills for a mortgage loan specialist are customer service, FHA, and escrow accounts.
| Mortgage Loan Counselor | Mortgage Loan Specialist | |
| Yearly salary | $45,635 | $41,186 |
| Hourly rate | $21.94 | $19.80 |
| Growth rate | -3% | -3% |
| Number of jobs | 38,488 | 33,704 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 56% |
| Average age | 45 | 42 |
| Years of experience | 2 | 4 |
Mortgage loan counselors and mortgage loan specialists have different pay scales, as shown below.
| Mortgage Loan Counselor | Mortgage Loan Specialist | |
| Average salary | $45,635 | $41,186 |
| Salary range | Between $35,000 And $57,000 | Between $27,000 And $62,000 |
| Highest paying City | - | Uniondale, NY |
| Highest paying state | - | West Virginia |
| Best paying company | - | The PNC Financial Services Group |
| Best paying industry | - | Finance |
There are a few differences between a mortgage loan counselor and a mortgage loan specialist in terms of educational background:
| Mortgage Loan Counselor | Mortgage Loan Specialist | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 56% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between mortgage loan counselors' and mortgage loan specialists' demographics:
| Mortgage Loan Counselor | Mortgage Loan Specialist | |
| Average age | 45 | 42 |
| Gender ratio | Male, 39.6% Female, 60.4% | Male, 33.9% Female, 66.1% |
| 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, 4.4% Hispanic or Latino, 14.4% Asian, 7.7% White, 59.7% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 7% |