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Personal banking officer vs mortgage consultant

The differences between personal banking officers and mortgage consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a personal banking officer and a mortgage consultant. Additionally, a personal banking officer has an average salary of $40,925, which is higher than the $38,934 average annual salary of a mortgage consultant.

The top three skills for a personal banking officer include bank products, loan applications and cross-sell. The most important skills for a mortgage consultant are customer service, origination, and NMLS.

Personal banking officer vs mortgage consultant overview

Personal Banking OfficerMortgage Consultant
Yearly salary$40,925$38,934
Hourly rate$19.68$18.72
Growth rate4%4%
Number of jobs76,80424,057
Job satisfaction--
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 67%
Average age4545
Years of experience66

Personal banking officer vs mortgage consultant salary

Personal banking officers and mortgage consultants have different pay scales, as shown below.

Personal Banking OfficerMortgage Consultant
Average salary$40,925$38,934
Salary rangeBetween $24,000 And $67,000Between $23,000 And $63,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Centennial Bank
Best paying industry-Finance

Differences between personal banking officer and mortgage consultant education

There are a few differences between a personal banking officer and a mortgage consultant in terms of educational background:

Personal Banking OfficerMortgage Consultant
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Personal banking officer vs mortgage consultant demographics

Here are the differences between personal banking officers' and mortgage consultants' demographics:

Personal Banking OfficerMortgage Consultant
Average age4545
Gender ratioMale, 46.5% Female, 53.5%Male, 58.2% Female, 41.8%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.9% American Indian and Alaska Native, 0.5%Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.2% Asian, 6.4% White, 62.9% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between personal banking officer and mortgage consultant duties and responsibilities

Personal banking officer example responsibilities.

  • Work one-on-one with clients to gather requirements and identify cross-selling opportunities and leverage customer leads and referrals to identify new prospects.
  • Refer customers to bankers regarding any new accounts, investments, loans, reordering new checks and ATM cards.
  • Cultivate relations with company business partners to identify and maximize cross-sell opportunities.
  • Develop customer base through cross-selling products and servicing existing clients, develop new business through interaction with internal and external resources.
  • Advise clients on financial products and services using knowledge of tax and investment strategies, securities, insurance and pension plans.
  • Perform market analysis and research to identify target markets and partners.

Mortgage consultant example responsibilities.

  • Coach new Jr. HMC's, lead team Jr. meetings and activities.
  • Manage a multifacete commercial real estate investment firm.
  • Well verse in FHA, VA, USDA loan programs and government regulations.
  • Originate secondary market mortgage loans, including FHA, VA, USDA, and conventional products.
  • Originate loans using conforming and non-conforming standards set forth by bank policy as well as FNMA, FHA, and VA.
  • Upgrade software and immediate access to FNMA automate underwriting allow a quicker response for customer approval.
  • Show more

Personal banking officer vs mortgage consultant skills

Common personal banking officer skills
  • Bank Products, 19%
  • Loan Applications, 16%
  • Cross-Sell, 9%
  • Financial Products, 4%
  • Financial Services, 4%
  • Customer Relationships, 4%
Common mortgage consultant skills
  • Customer Service, 22%
  • Origination, 10%
  • NMLS, 8%
  • Financial Services, 7%
  • Loan Products, 5%
  • Bank Products, 4%

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