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The differences between agricultural loan officers and loan originators 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 a loan originator. Additionally, an agricultural loan officer has an average salary of $43,755, which is higher than the $41,291 average annual salary of a loan originator.
The top three skills for an agricultural loan officer include loan portfolio, financial statements and loan committee. The most important skills for a loan originator are customer service, origination, and FHA.
| Agricultural Loan Officer | Loan Originator | |
| Yearly salary | $43,755 | $41,291 |
| Hourly rate | $21.04 | $19.85 |
| Growth rate | 4% | 4% |
| Number of jobs | 65,430 | 10,716 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 61% |
| 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.
A Loan Originator is a potential liaison between borrowers and lenders. They help borrowers complete loan applications and evaluate which loans are most appropriate for the customers.
Agricultural loan officers and loan originators have different pay scales, as shown below.
| Agricultural Loan Officer | Loan Originator | |
| Average salary | $43,755 | $41,291 |
| Salary range | Between $29,000 And $65,000 | Between $28,000 And $60,000 |
| Highest paying City | San Bernardino, CA | New York, NY |
| Highest paying state | New York | South Dakota |
| Best paying company | GPAC | Centennial Bank |
| Best paying industry | - | Transportation |
There are a few differences between an agricultural loan officer and a loan originator in terms of educational background:
| Agricultural Loan Officer | Loan Originator | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 61% |
| Most common major | Agriculture | Business |
| Most common college | Pennsylvania State University | University of Pennsylvania |
Here are the differences between agricultural loan officers' and loan originators' demographics:
| Agricultural Loan Officer | Loan Originator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 54.0% Female, 46.0% |
| 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, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |