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The differences between commercial credit analysts and loan originators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a commercial credit analyst, becoming a loan originator takes usually requires 4-6 years. Additionally, a commercial credit analyst has an average salary of $66,482, which is higher than the $41,291 average annual salary of a loan originator.
The top three skills for a commercial credit analyst include credit analysis, customer service and strong analytical. The most important skills for a loan originator are customer service, origination, and FHA.
| Commercial Credit Analyst | Loan Originator | |
| Yearly salary | $66,482 | $41,291 |
| Hourly rate | $31.96 | $19.85 |
| Growth rate | 4% | 4% |
| Number of jobs | 42,862 | 10,716 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 61% |
| Average age | 39 | 45 |
| Years of experience | 2 | 6 |
A commercial credit analyst is primarily in charge of assessing a client's credit or loan application, ensuring that they are fit to uphold financial obligations. Their responsibilities typically revolve around coordinating different departments to gather necessary client data, reviewing financial histories, verifying the authenticity of requirements, and developing financial profiles. Moreover, a commercial credit analyst may perform research and analysis to identify new business opportunities, produce progress and sales reports, monitor the payment progress of clients, and maintain a record of all transactions.
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.
Commercial credit analysts and loan originators have different pay scales, as shown below.
| Commercial Credit Analyst | Loan Originator | |
| Average salary | $66,482 | $41,291 |
| Salary range | Between $46,000 And $94,000 | Between $28,000 And $60,000 |
| Highest paying City | Burlingame, CA | New York, NY |
| Highest paying state | California | South Dakota |
| Best paying company | HSBC Bank | Centennial Bank |
| Best paying industry | Automotive | Transportation |
There are a few differences between a commercial credit analyst and a loan originator in terms of educational background:
| Commercial Credit Analyst | Loan Originator | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial credit analysts' and loan originators' demographics:
| Commercial Credit Analyst | Loan Originator | |
| Average age | 39 | 45 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 54.0% Female, 46.0% |
| Race ratio | Black or African American, 7.9% Unknown, 2.7% Hispanic or Latino, 9.6% Asian, 10.5% White, 69.0% American Indian and Alaska Native, 0.3% | 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 | 11% | 8% |