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Mortgage specialist vs farm mortgage agent

The differences between mortgage specialists and farm mortgage agents can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a mortgage specialist, becoming a farm mortgage agent takes usually requires 1-2 years. Additionally, a mortgage specialist has an average salary of $38,757, which is higher than the $36,756 average annual salary of a farm mortgage agent.

The top three skills for a mortgage specialist include customer service, residential mortgage loans and origination. The most important skills for a farm mortgage agent are real estate, loan applications, and mortgage loans.

Mortgage specialist vs farm mortgage agent overview

Mortgage SpecialistFarm Mortgage Agent
Yearly salary$38,757$36,756
Hourly rate$18.63$17.67
Growth rate-3%-3%
Number of jobs26,47149,210
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 56%
Average age4245
Years of experience42

Mortgage specialist vs farm mortgage agent salary

Mortgage specialists and farm mortgage agents have different pay scales, as shown below.

Mortgage SpecialistFarm Mortgage Agent
Average salary$38,757$36,756
Salary rangeBetween $29,000 And $51,000Between $29,000 And $46,000
Highest paying CityOakland, CA-
Highest paying stateWashington-
Best paying companyCiti-
Best paying industryFinance-

Differences between mortgage specialist and farm mortgage agent education

There are a few differences between a mortgage specialist and a farm mortgage agent in terms of educational background:

Mortgage SpecialistFarm Mortgage Agent
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 56%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Mortgage specialist vs farm mortgage agent demographics

Here are the differences between mortgage specialists' and farm mortgage agents' demographics:

Mortgage SpecialistFarm Mortgage Agent
Average age4245
Gender ratioMale, 39.3% Female, 60.7%Male, 50.4% Female, 49.6%
Race ratioBlack or African American, 13.3% Unknown, 4.4% Hispanic or Latino, 14.2% Asian, 7.5% White, 60.2% American Indian and Alaska Native, 0.4%Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.3% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage7%8%

Differences between mortgage specialist and farm mortgage agent duties and responsibilities

Mortgage specialist example responsibilities.

  • Manage internal team SharePoint and document repository.
  • Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
  • Work due diligence and process loans per FHLMC guidelines on conventional, USDA, FHA/VA and CHFA/DAP loans.
  • Advise clients with mortgage needs by providing information regarding traditional and government programs, including USVA, FHA and VA loans.
  • Review HUD-1's to confirm fees and charges with initial GFE and RESPA compliance, order wire and provide funding approval.
  • Maintain a working knowledge of FDCPA and RESPA guidelines.
  • Show more

Farm mortgage agent example responsibilities.

  • Generate and secure leads to sell property, casualty, life, and health insurance and banking products.
  • Support paralegals and attorneys in the preparation of mortgage Pacakges, documents and HUD statements.
  • Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
  • Leverage consultative-sales strengths to identify opportunities, nurture relationships and close deals.

Mortgage specialist vs farm mortgage agent skills

Common mortgage specialist skills
  • Customer Service, 22%
  • Residential Mortgage Loans, 6%
  • Origination, 6%
  • FHA, 5%
  • Va, 5%
  • Loan Applications, 4%
Common farm mortgage agent skills
  • Real Estate, 48%
  • Loan Applications, 11%
  • Mortgage Loans, 10%
  • FHA, 10%
  • Mortgage Products, 9%
  • Outbound Calls, 6%

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