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Senior mortgage consultant vs loan officer assistant

The differences between senior mortgage consultants and loan officers assistant 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 officer assistant. Additionally, a loan officer assistant has an average salary of $45,681, 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 officer assistant are customer service, origination, and loan process.

Senior mortgage consultant vs loan officer assistant overview

Senior Mortgage ConsultantLoan Officer Assistant
Yearly salary$37,351$45,681
Hourly rate$17.96$21.96
Growth rate4%4%
Number of jobs15,96165,094
Job satisfaction-4
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 53%
Average age4545
Years of experience66

Senior mortgage consultant vs loan officer assistant salary

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

Senior Mortgage ConsultantLoan Officer Assistant
Average salary$37,351$45,681
Salary rangeBetween $23,000 And $60,000Between $28,000 And $72,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Stifel Financial
Best paying industry-Finance

Differences between senior mortgage consultant and loan officer assistant education

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

Senior Mortgage ConsultantLoan Officer Assistant
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaSUNY at Binghamton

Senior mortgage consultant vs loan officer assistant demographics

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

Senior Mortgage ConsultantLoan Officer Assistant
Average age4545
Gender ratioMale, 71.3% Female, 28.7%Male, 28.8% Female, 71.2%
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, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between senior mortgage consultant and loan officer assistant 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.
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Loan officer assistant example responsibilities.

  • Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
  • Collect and organize sales and listing data for files, assemble all data in accordance with Fannie Mae and FHA guidelines.
  • Field incoming requests for VA home loans.
  • Review loans for REPSA and HMDA guidelines, compliance and require documents.
  • Check RESPA for compliance and re-disclose for any loan changes or fee corrections.
  • Review documents and ensure all applicable disclosures are in loan file according to RESPA guidelines.
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Senior mortgage consultant vs loan officer assistant skills

Common senior mortgage consultant skills
  • Origination, 9%
  • Bank Products, 8%
  • Customer Service, 7%
  • SR, 7%
  • Product Knowledge, 7%
  • Customer Satisfaction, 6%
Common loan officer assistant skills
  • Customer Service, 28%
  • Origination, 9%
  • Loan Process, 6%
  • Loan Origination, 5%
  • FHA, 5%
  • Va, 5%

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