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Salary and Benefits

Mortgage Consultant
$57K-$69K / yr. (est.)
$57K
$63,547 / year
$70K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Mortgage Consultant

What does a Mortgage Consultant do?

As a Mortgage Consultant, I assist clients in navigating the complexities of mortgage loans, providing expert advice on the best options available for their needs. I work closely with clients to gather necessary financial information and support them through the application process. A key part of my role is to analyze the financial situation of clients and recommend mortgage products that fit their requirements. I also liaise with lenders on behalf of my clients to secure the most favorable loan terms. Additionally, I educate clients on the mortgage process and ensure they understand all terms and conditions before finalizing the loan.

Core tasks:

  • Reviewing and assessing clients' financial information and credit history
  • Advising clients on suitable mortgage products and loan options
  • Assisting clients in completing loan applications and related paperwork
  • Coordinating with lenders to negotiate loan terms and secure approval
  • Educating clients on the mortgage process, terms, and conditions

Insights

How Many Years of Experience Do Professionals Need Before Becoming Mortgage Consultant?
On average, people work 5-7 years in other positions prior to becoming a Mortgage Consultant.
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Mortgage ConsultantPhoenix, AZ - A year ago
It may seem long, but the expertise gained in those years must be invaluable in this role. 💪
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Mortgage ConsultantSan Francisco, CA - A year ago
I've been in finance for 6 years, so looks like I'm on track for that mortgage consulting gig! 😎
How Long Do Mortgage Consultant Employees Typically Stay in Their Roles?
On average, Mortgage Consultants works in this position for 3-5 years across multiple employers.
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Mortgage BankerHouston, TX - A year ago
🔥 Excuse my language, but seriously? Switching jobs every few years in this industry? No wonder the level of customer service is declining!
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Financial PlannerMiami, FL - A year ago
As a Financial Planner, stability is crucial to building long-term relationships with my clients. I'm glad I chose this career path instead of constantly searching for the next opportunity.
What Is the Job Hopper Score for Mortgage Consultant Employees?
Frequent job changes in Mortgage Consultant, indicating a willingness to change companies and roles more frequently.
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Branch ManagerHouston, TX - A year ago
Constant job changes as a Mortgage Consultant can hinder the establishment of strong relationships with clients, affecting long-term business success.
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Loan ProcessorPhiladelphia, PA - A year ago
Real professionals don't just jump from job to job. Stick to one and master your craft. 🙄

Career path

Path to job

Discover a Mortgage Consultant's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Mortgage Consultant typically studied at.
Arizona State University-Tempe
San Diego State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Mortgage Consultant Employees?
Gender ratio in Mortgage Consultant position: 0.70099765258216 Male and 0.29900234741784 Female. Age ratio in Mortgage Consultant position: 16-20: 5%, 21-30: 46%, 31-40: 27%, 41-50: 15%, 51-60: 6%, 60+: 1%. Mortgage Consultant position is predominantly male (70.1%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Mortgage ConsultantMiami, FL - A year ago
It's about time we stop limiting the roles women can excel in! 👩
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Mortgage ConsultantSan Francisco, CA - A year ago
There must be systematic factors preventing women from entering this field! 🤔

Workplaces

Who Are the Top Employers for Mortgage Consultant?
Top employers of Mortgage Consultant position: Guaranteed Rate, On Q Financial, Inc., Prosperity Home Mortgage. People who work in Mortgage Consultant position most typically go on to work for the Guaranteed Rate.
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Mortgage ConsultantChicago, IL - A year ago
I've worked for both Guaranteed Rate and On Q Financial, Inc., and let me tell you, On Q is the clear winner. The company culture and career growth opportunities are incredible! 😍
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Mortgage ConsultantHouston, TX - A year ago
Guys, let's not forget about other great employers in the industry. There are plenty of small mortgage companies out there that provide competitive compensation packages and a better work-life balance. 👍
Guaranteed Rate
On Q Financial, Inc.
Prosperity Home Mortgage
What Industries Does Mortgage Consultant Typically Have Experience In?
Industry Background: The most typical industries of Mortgage Consultant: Finance & Insurance, Real Estate / Rental / Leasing, Professional / Scientific / Technical, Construction, Information Technology. Mortgage Consultant employees most likely come from a Finance & Insurance industry background.
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Mortgage ConsultantChicago, IL - A year ago
I've been in this industry for over 15 years, and let me tell you, it's a cutthroat environment. However, nothing beats the satisfaction of helping someone refinance and save thousands of dollars!
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Mortgage ConsultantMiami, FL - A year ago
🏖 Hey everyone, Mortgage Consultants can also specialize in working with foreign buyers investing in US real estate. We bring a global touch to the mortgage world!

Find your job as Mortgage Consultant

Discussion about Mortgage Consultant

Want to know more about Mortgage Consultant position?
Share your thoughts and ideas about Mortgage Consultant position with others in our community.
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How is the gender diversity among people working as a Mortgage Consultant?
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Isabella Holmes4 years ago
30% are women in this profession only.
How old are people who work as a Mortgage Consultant?
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Isabella Holmes4 years ago
People working as a Mortgage Consultant are 32 old on average.
How many years of experience do you usually have as a Mortgage Consultant?
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Isabella Holmes4 years ago
You should work for 6 years on average to become a Mortgage Consultant.
Which industries should a Mortgage Consultant consider working in?
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Liam Brown4 years ago
Most typically work in the Finance & Insurance industry.
Is a higher education needed as a Mortgage Consultant?
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Benjamin Gardner4 years ago
No higher education could not hurt if you want to be a Mortgage Consultant
Which company employs the most people in the Mortgage Consultant role?
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Sophie Hayes4 years ago
Guaranteed Rate, On Q Financial, Inc., Prosperity Home Mortgage, Wells Fargo and Wells Fargo Home Mortgage has the most employees.
How many years of experience as a Mortgage Consultant is needed in average to switch to another position?
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Sophie Hayes4 years ago
A Mortgage Consultant typically changes positions after 4 years.
How common is it for a Mortgage Consultant to jump from company to company?
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Benjamin Gardner4 years ago
Getting experience working for multiple companies is typical for a Mortgage Consultant.
What do people usually work as before switching to Mortgage Consultant?
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Liam Brown4 years ago
A Mortgage Consultant probably worked as Loan Officer, Mortgage Loan Officer or Mortgage Loan Consultant before
What typical professions people working as a Mortgage Consultant switch to?
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Sophie Hayes4 years ago
Loan Officer, Mortgage Loan Officer or Mortgage Loan Consultant can be a good next step
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