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Senior mortgage consultant vs home mortgage consultant

The differences between senior mortgage consultants and home 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 senior mortgage consultant and a home mortgage consultant. Additionally, a senior mortgage consultant has an average salary of $37,351, which is higher than the $36,437 average annual salary of a home mortgage consultant.

The top three skills for a senior mortgage consultant include origination, bank products and customer service. The most important skills for a home mortgage consultant are customer service, financial professionals, and NMLS.

Senior mortgage consultant vs home mortgage consultant overview

Senior Mortgage ConsultantHome Mortgage Consultant
Yearly salary$37,351$36,437
Hourly rate$17.96$17.52
Growth rate4%4%
Number of jobs15,96153,987
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 72%
Average age4545
Years of experience66

Senior mortgage consultant vs home mortgage consultant salary

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

Senior Mortgage ConsultantHome Mortgage Consultant
Average salary$37,351$36,437
Salary rangeBetween $23,000 And $60,000Between $26,000 And $50,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between senior mortgage consultant and home mortgage consultant education

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

Senior Mortgage ConsultantHome Mortgage Consultant
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 72%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior mortgage consultant vs home mortgage consultant demographics

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

Senior Mortgage ConsultantHome Mortgage Consultant
Average age4545
Gender ratioMale, 71.3% Female, 28.7%Male, 62.7% Female, 37.3%
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, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between senior mortgage consultant and home mortgage consultant 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

Home mortgage consultant example responsibilities.

  • Analyze applications to manage customer data and ensure an accurate loan origination process for purchase and refinance transactions.
  • Originate home loans for customers with various financing needs that include conventional, VA & FHA loans and high-risk consumers.
  • Advise customers regarding other foreclosure prevention alternatives including short sale and deed in lieu.
  • Register with NMLS and S.A.F.E.
  • Determine workout options including loan modifications, pre-foreclosure sale, deed in lieu, repayment plans and forbearance agreements.
  • Continue with on going training for new or experience collection counselor about information systems and collection guidelines in accordance with FDCPA.
  • Show more

Senior mortgage consultant vs home mortgage consultant skills

Common senior mortgage consultant skills
  • Origination, 9%
  • Bank Products, 8%
  • Customer Service, 7%
  • SR, 7%
  • Product Knowledge, 7%
  • Customer Satisfaction, 6%
Common home mortgage consultant skills
  • Customer Service, 34%
  • Financial Professionals, 10%
  • NMLS, 10%
  • Real Estate Transactions, 9%
  • Customer Applications, 8%
  • Credit Data, 6%

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