Mortgage originator vs mortgage broker

The differences between mortgage originators and mortgage brokers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a mortgage originator and a mortgage broker. Additionally, a mortgage broker has an average salary of $124,376, which is higher than the $31,380 average annual salary of a mortgage originator.

The top three skills for a mortgage originator include customer service, origination and bank products. The most important skills for a mortgage broker are loan applications, FHA, and va.

Mortgage originator vs mortgage broker overview

	Mortgage Originator	Mortgage Broker
Yearly salary	$31,380	$124,376
Hourly rate	$15.09	$59.80
Growth rate	4%	4%
Number of jobs	11,164	12,782
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 64%
Average age	45	45
Years of experience	6	6

Mortgage originator vs mortgage broker salary

Mortgage originators and mortgage brokers have different pay scales, as shown below.

	Mortgage Originator	Mortgage Broker
Average salary	$31,380	$124,376
Salary range	Between $16,000 And $57,000	Between $89,000 And $172,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between mortgage originator and mortgage broker education

There are a few differences between a mortgage originator and a mortgage broker in terms of educational background:

	Mortgage Originator	Mortgage Broker
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 64%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Mortgage originator vs mortgage broker demographics

Here are the differences between mortgage originators' and mortgage brokers' demographics:

	Mortgage Originator	Mortgage Broker
Average age	45	45
Gender ratio	Male, 56.2% Female, 43.8%	Male, 67.5% Female, 32.5%
Race ratio	Black or African American, 10.0% Unknown, 4.7% Hispanic or Latino, 15.2% Asian, 6.1% White, 63.5% American Indian and Alaska Native, 0.5%	Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between mortgage originator and mortgage broker duties and responsibilities

Mortgage originator example responsibilities.

Coach new Jr. HMC's, lead team Jr. meetings and activities.
Handle issues concerning FHA, Fannie, Freddy, VA, and various loan type guidelines, policies and procedures.
Promote sales and origination of family residential properties within predetermine guidelines and rates.
Foster community relationships between lenders, and clients to ensure a positive outcome for financing requirements.
Cultivate and maintain strong relationships with outside referral sources such as realtors, builders, CPA's, attorneys, etc.

Mortgage broker example responsibilities.

Educate clients on mortgage contractual guidelines and process FHA, VA, and conventional loans reviewing files for submission to underwriting.
Foster deeper client relationships with commercial and residential lenders driving referrals by delivering excellent customer service.
Originate residential conventional, VA, home equity, commercial and construction loans.
Establish a network of contacts with community banks, appraisers, lenders, and other brokers.
Originate, process, and submit all types of commercial and SBA loans to the applicable lender.
Develop business plan, raise investment capital, create business processes, and obtain licensing, VA certification, HUD approval.

Mortgage originator vs mortgage broker skills

Common mortgage originator skills

Customer Service, 13%
Origination, 12%
Bank Products, 11%
Loan Applications, 7%
Loan Programs, 6%
FHA, 5%

Common mortgage broker skills

Loan Applications, 14%
FHA, 8%
Va, 8%
Loan Programs, 5%
Credit Reports, 5%
Loan Process, 5%