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Senior mortgage consultant vs loan analyst

The differences between senior mortgage consultants and loan analysts 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 loan analyst. Additionally, a loan analyst has an average salary of $37,857, 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 a loan analyst are loan documentation, customer service, and real estate.

Senior mortgage consultant vs loan analyst overview

Senior Mortgage ConsultantLoan Analyst
Yearly salary$37,351$37,857
Hourly rate$17.96$18.20
Growth rate4%4%
Number of jobs15,96124,756
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 66%
Average age4545
Years of experience66

Senior mortgage consultant vs loan analyst salary

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

Senior Mortgage ConsultantLoan Analyst
Average salary$37,351$37,857
Salary rangeBetween $23,000 And $60,000Between $24,000 And $58,000
Highest paying City-Raleigh, NC
Highest paying state-South Dakota
Best paying company-Barclays
Best paying industry-Finance

Differences between senior mortgage consultant and loan analyst education

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

Senior Mortgage ConsultantLoan Analyst
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior mortgage consultant vs loan analyst demographics

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

Senior Mortgage ConsultantLoan Analyst
Average age4545
Gender ratioMale, 71.3% Female, 28.7%Male, 43.2% Female, 56.8%
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, 15.9% Asian, 6.4% White, 63.4% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between senior mortgage consultant and loan analyst 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

Loan analyst example responsibilities.

  • Innovate technical solutions, including development of complex macros within MSP, to automate work and reduce manual processes
  • Prepare and remit quarterly / semi-annual USDA reporting
  • Communicate with FHA, VA, FNMA and FHLMC investors for any missing documents that are not include at closing.
  • Review government loan's documents including FHA & VA loans, and approves or suspends the loans after the underwriter decision.
  • Contact correspondent lenders for any missing documents and request correction of documents when necessary.
  • Select to participate in company management as a critical member of loan origination process improvement team.
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Senior mortgage consultant vs loan analyst skills

Common senior mortgage consultant skills
  • Origination, 9%
  • Bank Products, 8%
  • Customer Service, 7%
  • SR, 7%
  • Product Knowledge, 7%
  • Customer Satisfaction, 6%
Common loan analyst skills
  • Loan Documentation, 13%
  • Customer Service, 12%
  • Real Estate, 9%
  • Financial Statements, 9%
  • Loan Portfolio, 4%
  • Data Entry, 4%

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