Senior mortgage consultant vs closer

The differences between senior mortgage 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 mortgage consultant and a closer. Additionally, a senior mortgage consultant has an average salary of $37,351, which is higher than the $29,291 average annual salary of a closer.

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

Senior mortgage consultant vs closer overview

	Senior Mortgage Consultant	Closer
Yearly salary	$37,351	$29,291
Hourly rate	$17.96	$14.08
Growth rate	4%	4%
Number of jobs	15,961	7,560
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 35%
Average age	45	45
Years of experience	6	6

Senior mortgage consultant vs closer salary

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

	Senior Mortgage Consultant	Closer
Average salary	$37,351	$29,291
Salary range	Between $23,000 And $60,000	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 mortgage consultant and closer education

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

	Senior Mortgage Consultant	Closer
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Senior mortgage consultant vs closer demographics

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

	Senior Mortgage Consultant	Closer
Average age	45	45
Gender ratio	Male, 71.3% Female, 28.7%	Male, 45.0% Female, 55.0%
Race ratio	Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.3% 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 mortgage consultant and closer duties and responsibilities

Senior mortgage consultant example responsibilities.

Manage files from origination to closing, and accurately organize and review all documents for processing.
Originate and process mortgage loans (FHA, VA, conforming and non-conforming loans).
Full accountability for loan origination, underwriting and servicing, successfully cultivating a large and intensely-loyal client base.
Price out loans, retrieve and submit RESPA & income documentation to the bank (s).
Negotiate an exclusive marketing agreement with 2 REMAX offices and a builder that generate over 1.5 million/month in FHA business.
Establish communication with escrow officers, processors, loan officers and underwriter regarding loan status and/or missing information.

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 mortgage consultant vs closer skills

Common senior mortgage consultant skills

Origination, 9%
Bank Products, 8%
Customer Service, 7%
SR, 7%
Product Knowledge, 7%
Customer Satisfaction, 6%

Common closer skills

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