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The differences between branch lending officers and loan administrators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a branch lending officer and a loan administrator. Additionally, a branch lending officer has an average salary of $46,615, which is higher than the $42,859 average annual salary of a loan administrator.
The top three skills for a branch lending officer include business relationships, origination and FHA. The most important skills for a loan administrator are customer service, data entry, and loan administration.
| Branch Lending Officer | Loan Administrator | |
| Yearly salary | $46,615 | $42,859 |
| Hourly rate | $22.41 | $20.61 |
| Growth rate | 4% | 4% |
| Number of jobs | 70,689 | 63,708 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 58% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
A branch lending officer is typically in charge of processing loan applications, ensuring accuracy and smooth workflow. Their responsibilities revolve around liaising with clients to identify their needs, conducting interviews and assessments, gathering and reviewing requirements, and coordinating with analysts and other staff. They may also perform clerical tasks such as answering calls and correspondence, arranging appointments, and maintaining records of all transactions. Furthermore, as a branch lending officer, it is essential to provide efficient customer service, all while adhering to the company's policies and regulations, including its vision and mission.
A Loan Administrator is a person that takes care of all the documentation part of the loan process. Loans require a lot of documents and requirements, and a loan administrator is a person that helps the client accomplish all these requirements. It is also their job to help clients resolve issues and problems during the loan process. A Loan Administrator is a crucial and hectic job. The one qualified for this position must be good at handling pressure, be good at resolving issues, handle complaints, and communicate with people.
Branch lending officers and loan administrators have different pay scales, as shown below.
| Branch Lending Officer | Loan Administrator | |
| Average salary | $46,615 | $42,859 |
| Salary range | Between $29,000 And $73,000 | Between $31,000 And $59,000 |
| Highest paying City | Saint Cloud, MN | Seattle, WA |
| Highest paying state | New Mexico | Hawaii |
| Best paying company | Citi | BNY Mellon |
| Best paying industry | Finance | Finance |
There are a few differences between a branch lending officer and a loan administrator in terms of educational background:
| Branch Lending Officer | Loan Administrator | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 58% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between branch lending officers' and loan administrators' demographics:
| Branch Lending Officer | Loan Administrator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 60.0% Female, 40.0% | Male, 23.2% Female, 76.8% |
| Race ratio | Black 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, 63.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |