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Senior mortgage consultant vs mortgage consultant

The differences between senior mortgage consultants and 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 mortgage consultant. Additionally, a mortgage consultant has an average salary of $38,934, 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 mortgage consultant are customer service, origination, and NMLS.

Senior mortgage consultant vs mortgage consultant overview

Senior Mortgage ConsultantMortgage Consultant
Yearly salary$37,351$38,934
Hourly rate$17.96$18.72
Growth rate4%4%
Number of jobs15,96124,057
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 67%
Average age4545
Years of experience66

Senior mortgage consultant vs mortgage consultant salary

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

Senior Mortgage ConsultantMortgage Consultant
Average salary$37,351$38,934
Salary rangeBetween $23,000 And $60,000Between $23,000 And $63,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Centennial Bank
Best paying industry-Finance

Differences between senior mortgage consultant and mortgage consultant education

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

Senior Mortgage ConsultantMortgage Consultant
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior mortgage consultant vs mortgage consultant demographics

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

Senior Mortgage ConsultantMortgage Consultant
Average age4545
Gender ratioMale, 71.3% Female, 28.7%Male, 58.2% Female, 41.8%
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, 9.3% Unknown, 4.6% Hispanic or Latino, 16.2% Asian, 6.4% White, 62.9% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between senior mortgage consultant and 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.
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Mortgage consultant example responsibilities.

  • Coach new Jr. HMC's, lead team Jr. meetings and activities.
  • Manage a multifacete commercial real estate investment firm.
  • Well verse in FHA, VA, USDA loan programs and government regulations.
  • Originate secondary market mortgage loans, including FHA, VA, USDA, and conventional products.
  • Originate loans using conforming and non-conforming standards set forth by bank policy as well as FNMA, FHA, and VA.
  • Upgrade software and immediate access to FNMA automate underwriting allow a quicker response for customer approval.
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Senior mortgage consultant vs 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 mortgage consultant skills
  • Customer Service, 22%
  • Origination, 10%
  • NMLS, 8%
  • Financial Services, 7%
  • Loan Products, 5%
  • Bank Products, 4%

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