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The differences between mortgage originators and real estate agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate agent has an average salary of $91,788, 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 real estate agent are customer service, real estate license, and excellent interpersonal.
| Mortgage Originator | Real Estate Agent | |
| Yearly salary | $31,380 | $91,788 |
| Hourly rate | $15.09 | $44.13 |
| Growth rate | 4% | 5% |
| Number of jobs | 11,164 | 41,399 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 59% |
| Average age | 45 | 49 |
| Years of experience | 6 | - |
A Mortgage Originator is someone who will work with a borrower to process and complete a home loan application. They work closely with loan processors and underwriters to collect the required documentation until it is approved. Mortgage Origniators are responsible for guiding clients through the approval stage by assisting them with the paperwork, determining the loan amount, and taking and verifying documentation. They guide borrowers in deciding which mortgage type is right for them.
A real estate agent helps owners in the selling or renting of houses, land, offices, buildings, or any piece of property. They should be knowledgeable in the area they work in, which local properties are in the market, and the competitive prices for various properties. It is their responsibility to either market or sells in the best possible and reasonable price and conditions. Negotiating is a vital skill for real estate agents as they act as the middleman for buyers and sellers. Most agents bill the client with a percentage of the final sale price as the fee, but some would get a fixed commission for every sale.
Mortgage originators and real estate agents have different pay scales, as shown below.
| Mortgage Originator | Real Estate Agent | |
| Average salary | $31,380 | $91,788 |
| Salary range | Between $16,000 And $57,000 | Between $66,000 And $126,000 |
| Highest paying City | - | Long Beach, NY |
| Highest paying state | - | West Virginia |
| Best paying company | - | Santa Clara Valley Water District |
| Best paying industry | - | Finance |
There are a few differences between a mortgage originator and a real estate agent in terms of educational background:
| Mortgage Originator | Real Estate Agent | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between mortgage originators' and real estate agents' demographics:
| Mortgage Originator | Real Estate Agent | |
| Average age | 45 | 49 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 43.4% Female, 56.6% |
| 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, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.8% White, 70.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 8% | 13% |