Application processor vs processor

The differences between application processors and processors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an application processor, becoming a processor takes usually requires 6-12 months. Additionally, an application processor has an average salary of $32,435, which is higher than the $32,098 average annual salary of a processor.

The top three skills for an application processor include data entry, loan applications and application processing. The most important skills for a processor are data entry, customer service, and patients.

Application processor vs processor overview

	Application Processor	Processor
Yearly salary	$32,435	$32,098
Hourly rate	$15.59	$15.43
Growth rate	-3%	-3%
Number of jobs	20,859	11,448
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 41%	Bachelor's Degree, 35%
Average age	42	50
Years of experience	4	12

Application processor vs processor salary

Application processors and processors have different pay scales, as shown below.

	Application Processor	Processor
Average salary	$32,435	$32,098
Salary range	Between $27,000 And $38,000	Between $24,000 And $41,000
Highest paying City	Santa Rosa, CA	Randolph, MA
Highest paying state	West Virginia	California
Best paying company	PSECU	Argonne National Laboratory
Best paying industry	Manufacturing	Finance

Differences between application processor and processor education

There are a few differences between an application processor and a processor in terms of educational background:

	Application Processor	Processor
Most common degree	Bachelor's Degree, 41%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Application processor vs processor demographics

Here are the differences between application processors' and processors' demographics:

	Application Processor	Processor
Average age	42	50
Gender ratio	Male, 25.2% Female, 74.8%	Male, 34.0% Female, 66.0%
Race ratio	Black or African American, 13.6% Unknown, 4.3% Hispanic or Latino, 13.3% Asian, 7.2% White, 61.2% American Indian and Alaska Native, 0.4%	Black or African American, 6.7% Unknown, 4.5% Hispanic or Latino, 10.7% Asian, 4.7% White, 72.3% American Indian and Alaska Native, 1.1%
LGBT Percentage	7%	7%

Differences between application processor and processor duties and responsibilities

Application processor example responsibilities.

Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
Execute the origination process, including ordering credit reports, appraisals and preliminary title reports.
Work in mailroom sorting mail by zip codes.
Maintain A/P, A/R, and report payroll.
Participate in specialty functions of all aspects of the mailroom.
Utilize PeopleSoft and OnBase programs to classify and index data.

Processor example responsibilities.

Manage the project schedule and design the PowerPoint presentation.
Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
Coach fellow team members to help attain higher QA and assist with CANDE questions to ensure efficiency.
Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
Obtain title policies and process title claims to expedite REO closings and obtain clear title to properties in numerous states.
Mail clerk, stamp, open, count mail and match checks with EOB 's

Application processor vs processor skills

Common application processor skills

Data Entry, 32%
Loan Applications, 9%
Application Processing, 8%
Medicaid, 6%
Customer Accounts, 5%
Origination, 4%

Common processor skills

Data Entry, 19%
Customer Service, 18%
Patients, 11%
Standard Operating Procedure, 6%
Strong Customer Service, 5%
Bank Deposits, 5%