Senior loan consultant vs consultant

The differences between senior loan consultants and consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a senior loan consultant, becoming a consultant takes usually requires 2-4 years. Additionally, a consultant has an average salary of $78,912, which is higher than the $34,256 average annual salary of a senior loan consultant.

The top three skills for a senior loan consultant include origination, loan applications and loan products. The most important skills for a consultant are customer service, strong analytical, and project management.

Senior loan consultant vs consultant overview

	Senior Loan Consultant	Consultant
Yearly salary	$34,256	$78,912
Hourly rate	$16.47	$37.94
Growth rate	4%	11%
Number of jobs	22,872	171,733
Job satisfaction	-	4
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 64%
Average age	45	44
Years of experience	6	4

Senior loan consultant vs consultant salary

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

	Senior Loan Consultant	Consultant
Average salary	$34,256	$78,912
Salary range	Between $27,000 And $42,000	Between $58,000 And $107,000
Highest paying City	-	Washington, DC
Highest paying state	-	New Jersey
Best paying company	-	L.E.K. Consulting
Best paying industry	-	Technology

Differences between senior loan consultant and consultant education

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

	Senior Loan Consultant	Consultant
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 64%
Most common major	Business	Business
Most common college	University of Pennsylvania	Northwestern University

Senior loan consultant vs consultant demographics

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

	Senior Loan Consultant	Consultant
Average age	45	44
Gender ratio	Male, 64.7% Female, 35.3%	Male, 58.4% Female, 41.6%
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, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 13.8% White, 65.0% American Indian and Alaska Native, 0.2%
LGBT Percentage	8%	12%

Differences between senior loan consultant and consultant 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.

Consultant example responsibilities.

Lead IIS tuning to get the maximum through put.
Manage daily data operations and customer support for SaaS web application products in Linux.
Manage several contractors in the development and coding of DB2 interface programs, as well as modification of the package software.
Manage operational incidents and changes to consistently meet SLA compliance
Introduce Jenkins to help automate manual deployments to multiple environments.
Design and code windows service to automate NRA applications email distribution.

Senior loan consultant vs consultant skills

Common senior loan consultant skills

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

Common consultant skills

Customer Service, 10%
Strong Analytical, 7%
Project Management, 6%
C++, 5%
C #, 5%
Java, 5%