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The differences between branch lending 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 a branch lending officer and a loan originator. Additionally, a branch lending officer has an average salary of $46,615, which is higher than the $41,291 average annual salary of a loan originator.
The top three skills for a branch lending officer include business relationships, origination and FHA. The most important skills for a loan originator are customer service, origination, and FHA.
| Branch Lending Officer | Loan Originator | |
| Yearly salary | $46,615 | $41,291 |
| Hourly rate | $22.41 | $19.85 |
| Growth rate | 4% | 4% |
| Number of jobs | 70,689 | 10,716 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 61% |
| 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 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.
Branch lending officers and loan originators have different pay scales, as shown below.
| Branch Lending Officer | Loan Originator | |
| Average salary | $46,615 | $41,291 |
| Salary range | Between $29,000 And $73,000 | Between $28,000 And $60,000 |
| Highest paying City | Saint Cloud, MN | New York, NY |
| Highest paying state | New Mexico | South Dakota |
| Best paying company | Citi | Centennial Bank |
| Best paying industry | Finance | Transportation |
There are a few differences between a branch lending officer and a loan originator in terms of educational background:
| Branch Lending Officer | Loan Originator | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between branch lending officers' and loan originators' demographics:
| Branch Lending Officer | Loan Originator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 60.0% Female, 40.0% | Male, 54.0% Female, 46.0% |
| 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, 9.2% 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% |