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The differences between agricultural loan officers and escrow officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an agricultural loan officer and an escrow officer. Additionally, an escrow officer has an average salary of $50,270, which is higher than the $43,755 average annual salary of an agricultural loan officer.
The top three skills for an agricultural loan officer include loan portfolio, financial statements and loan committee. The most important skills for an escrow officer are customer service, HOA, and title insurance.
| Agricultural Loan Officer | Escrow Officer | |
| Yearly salary | $43,755 | $50,270 |
| Hourly rate | $21.04 | $24.17 |
| Growth rate | 4% | 4% |
| Number of jobs | 65,430 | 62,077 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 47% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
An agricultural loan officer provides loan assistance to people in the agricultural sector. Farmers, fishers, and livestock owners all need steady funds for their operations, and the variable nature of the agricultural sector may threaten to end their businesses. An agricultural loan officer assesses potential recipients, determines their needs, and determines the total cost required to continue their businesses' operations. This position requires good communication skills, high organization, and strong background knowledge of social work.
Escrow officers, commonly known as loan officers, are responsible for real estate processing and finalizing deals. They ensure all documents are authentic and prepared, property titles are clear, and financial obligations have been thoroughly met by the buyer and seller. They verify the document of land ownership, checking property title, and consulting with potential buyers, sellers, and lending firms. It is also their responsibility to handle the deposition of funds and processing of legal documents, including paperwork to finalize the transaction.
Agricultural loan officers and escrow officers have different pay scales, as shown below.
| Agricultural Loan Officer | Escrow Officer | |
| Average salary | $43,755 | $50,270 |
| Salary range | Between $29,000 And $65,000 | Between $36,000 And $70,000 |
| Highest paying City | San Bernardino, CA | Walnut Creek, CA |
| Highest paying state | New York | New Mexico |
| Best paying company | GPAC | Fidelity National Financial |
| Best paying industry | - | Finance |
There are a few differences between an agricultural loan officer and an escrow officer in terms of educational background:
| Agricultural Loan Officer | Escrow Officer | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 47% |
| Most common major | Agriculture | Business |
| Most common college | Pennsylvania State University | University of Pennsylvania |
Here are the differences between agricultural loan officers' and escrow officers' demographics:
| Agricultural Loan Officer | Escrow Officer | |
| Average age | 45 | 45 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 14.9% Female, 85.1% |
| Race ratio | Black or African American, 10.4% Unknown, 4.7% Hispanic or Latino, 12.3% Asian, 7.0% White, 65.1% American Indian and Alaska Native, 0.5% | Black or African American, 8.8% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.2% White, 64.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |