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Senior mortgage consultant vs escrow officer

The differences between senior mortgage consultants and escrow officers 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 an escrow officer. Additionally, an escrow officer has an average salary of $50,270, which is higher than the $37,351 average annual salary of a senior mortgage consultant.

The top three skills for a senior mortgage consultant include origination, bank products and customer service. The most important skills for an escrow officer are customer service, HOA, and title insurance.

Senior mortgage consultant vs escrow officer overview

Senior Mortgage ConsultantEscrow Officer
Yearly salary$37,351$50,270
Hourly rate$17.96$24.17
Growth rate4%4%
Number of jobs15,96162,077
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 47%
Average age4545
Years of experience66

Senior mortgage consultant vs escrow officer salary

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

Senior Mortgage ConsultantEscrow Officer
Average salary$37,351$50,270
Salary rangeBetween $23,000 And $60,000Between $36,000 And $70,000
Highest paying City-Walnut Creek, CA
Highest paying state-New Mexico
Best paying company-Fidelity National Financial
Best paying industry-Finance

Differences between senior mortgage consultant and escrow officer education

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

Senior Mortgage ConsultantEscrow Officer
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 47%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior mortgage consultant vs escrow officer demographics

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

Senior Mortgage ConsultantEscrow Officer
Average age4545
Gender ratioMale, 71.3% Female, 28.7%Male, 14.9% Female, 85.1%
Race ratioBlack 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, 8.8% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.2% White, 64.0% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between senior mortgage consultant and escrow officer 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.
  • Show more

Escrow officer example responsibilities.

  • Manage escrow department for title insurance company.
  • Perform closing for a variety of real estate escrows types, including but not limit to REO resale and resale escrows.
  • Operate multi-line phone system and perform basic office procedures.
  • Prepare closing documents, close escrow, TRID CD, clear title.
  • Order conveyance deeds and other pertinent documents from outside vendors.
  • Prepare documents to be record with county and return to mortgage company for conveyance.
  • Show more

Senior mortgage consultant vs escrow officer skills

Common senior mortgage consultant skills
  • Origination, 9%
  • Bank Products, 8%
  • Customer Service, 7%
  • SR, 7%
  • Product Knowledge, 7%
  • Customer Satisfaction, 6%
Common escrow officer skills
  • Customer Service, 23%
  • HOA, 6%
  • Title Insurance, 6%
  • Notary, 5%
  • Develop Client Relationships, 5%
  • Real Estate Transactions, 5%

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