Senior loan consultant vs closer

The differences between senior loan consultants and closers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a senior loan consultant and a closer. Additionally, a senior loan consultant has an average salary of $34,256, which is higher than the $29,291 average annual salary of a closer.

The top three skills for a senior loan consultant include origination, loan applications and loan products. The most important skills for a closer are customer service, cleanliness, and punctuality.

Senior loan consultant vs closer overview

	Senior Loan Consultant	Closer
Yearly salary	$34,256	$29,291
Hourly rate	$16.47	$14.08
Growth rate	4%	4%
Number of jobs	22,872	7,560
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 35%
Average age	45	45
Years of experience	6	6

Senior loan consultant vs closer salary

Senior loan consultants and closers have different pay scales, as shown below.

	Senior Loan Consultant	Closer
Average salary	$34,256	$29,291
Salary range	Between $27,000 And $42,000	Between $20,000 And $40,000
Highest paying City	-	Greece, NY
Highest paying state	-	Hawaii
Best paying company	-	GPAC
Best paying industry	-	-

Differences between senior loan consultant and closer education

There are a few differences between a senior loan consultant and a closer in terms of educational background:

	Senior Loan Consultant	Closer
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Senior loan consultant vs closer demographics

Here are the differences between senior loan consultants' and closers' demographics:

	Senior Loan Consultant	Closer
Average age	45	45
Gender ratio	Male, 64.7% Female, 35.3%	Male, 45.0% Female, 55.0%
Race ratio	Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.2% Asian, 6.4% White, 63.0% American Indian and Alaska Native, 0.5%	Black or African American, 9.4% Unknown, 4.6% Hispanic or Latino, 16.3% Asian, 6.1% White, 63.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between senior loan consultant and closer duties and responsibilities

Senior loan consultant example responsibilities.

Manage all HMDA reporting, and performing post-closing review of loan documentation.
Specialize in mortgage lending for customers with complex credit portfolios and government loan programs to include FHA and VA loans.
Originate loans through FHA and conventional lenders through knowledge of programs guidelines and availability, following all of RESPA guidelines.
Maintain customer files and documents in RESPA compliance.
Oversee entire mortgage process including application, origination, underwriting and closing.
Create and implement training protocol for new recruits across origination, processing and post-closing.

Closer example responsibilities.

Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
Process conventional, FHA, VA and USDA loans, clearing conditions before submission.
Clear property conditions for insurance and title on all FHA, VA and USDA loans.
Submit information to mortgage insurance carriers, FHA, VA, FHLMC, and FNMA for workout alternatives to foreclosure.
Coordinate with foreclosure and eviction and litigation teams to ensure properties are in transferable condition prior to closing.
Prepare high volume of loan closing packages under a variety of loan programs including conventional, FHA and VA.

Senior loan consultant vs closer skills

Common senior loan consultant skills

Origination, 12%
Loan Applications, 10%
Loan Products, 9%
Escrow, 7%
FHA, 6%
Va, 6%

Common closer skills

Customer Service, 42%
Cleanliness, 31%
Punctuality, 8%
Dependability, 4%
Food Orders, 4%
Work Ethic, 1%