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The differences between branch lending officers and loan officers assistant 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 officer assistant. Additionally, a branch lending officer has an average salary of $46,615, which is higher than the $45,681 average annual salary of a loan officer assistant.
The top three skills for a branch lending officer include business relationships, origination and FHA. The most important skills for a loan officer assistant are customer service, origination, and loan process.
| Branch Lending Officer | Loan Officer Assistant | |
| Yearly salary | $46,615 | $45,681 |
| Hourly rate | $22.41 | $21.96 |
| Growth rate | 4% | 4% |
| Number of jobs | 70,689 | 65,094 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 53% |
| 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.
Loan Officer Assistants assist loan officers in processing the loan applications of clients. Loan officer assistants primarily work on the administrative tasks in the departments. They are in charge of managing documents, updating databases, and sorting files. Loan officer assistants may be assigned to review applications of clients. They should check whether both the application form and the supplementary documents are complete. They may also assess whether the clients meet the requirements for the loan. Upon checking, they manage the documents and package them for submission to the lender. Loan officer assistance may also be assigned to coordinate with lenders and update in-house policies according to the lenders' policies.
Branch lending officers and loan officers assistant have different pay scales, as shown below.
| Branch Lending Officer | Loan Officer Assistant | |
| Average salary | $46,615 | $45,681 |
| Salary range | Between $29,000 And $73,000 | Between $28,000 And $72,000 |
| Highest paying City | Saint Cloud, MN | New York, NY |
| Highest paying state | New Mexico | New York |
| Best paying company | Citi | Stifel Financial |
| Best paying industry | Finance | Finance |
There are a few differences between a branch lending officer and a loan officer assistant in terms of educational background:
| Branch Lending Officer | Loan Officer Assistant | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | SUNY at Binghamton |
Here are the differences between branch lending officers' and loan officers assistant' demographics:
| Branch Lending Officer | Loan Officer Assistant | |
| Average age | 45 | 45 |
| Gender ratio | Male, 60.0% Female, 40.0% | Male, 28.8% Female, 71.2% |
| 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, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |