Correspondence coordinator vs loan coordinator

The differences between correspondence coordinators and loan coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a correspondence coordinator and a loan coordinator. Additionally, a correspondence coordinator has an average salary of $45,618, which is higher than the $39,836 average annual salary of a loan coordinator.

The top three skills for a correspondence coordinator include HIPAA, customer service and sharepoint. The most important skills for a loan coordinator are customer service, work ethic, and FHA.

Correspondence coordinator vs loan coordinator overview

	Correspondence Coordinator	Loan Coordinator
Yearly salary	$45,618	$39,836
Hourly rate	$21.93	$19.15
Growth rate	-	-3%
Number of jobs	16,466	24,765
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 56%
Average age	43	42
Years of experience	4	4

Correspondence coordinator vs loan coordinator salary

Correspondence coordinators and loan coordinators have different pay scales, as shown below.

	Correspondence Coordinator	Loan Coordinator
Average salary	$45,618	$39,836
Salary range	Between $34,000 And $60,000	Between $30,000 And $51,000
Highest paying City	-	Raleigh, NC
Highest paying state	-	West Virginia
Best paying company	-	JPMorgan Chase & Co.
Best paying industry	-	Professional

Differences between correspondence coordinator and loan coordinator education

There are a few differences between a correspondence coordinator and a loan coordinator in terms of educational background:

	Correspondence Coordinator	Loan Coordinator
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 56%
Most common major	Business	Business
Most common college	-	University of Pennsylvania

Correspondence coordinator vs loan coordinator demographics

Here are the differences between correspondence coordinators' and loan coordinators' demographics:

	Correspondence Coordinator	Loan Coordinator
Average age	43	42
Gender ratio	Male, 23.6% Female, 76.4%	Male, 25.3% Female, 74.7%
Race ratio	Black or African American, 9.5% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 5.9% White, 63.9% American Indian and Alaska Native, 0.9%	Black or African American, 11.9% Unknown, 4.3% Hispanic or Latino, 17.7% Asian, 7.5% White, 58.2% American Indian and Alaska Native, 0.4%
LGBT Percentage	6%	7%

Differences between correspondence coordinator and loan coordinator duties and responsibilities

Correspondence coordinator example responsibilities.

Manage and coordinate the workload of the release team members and are responsible for organizing and hosting all production release windows.
Preform data entry for various HUD documents.
Review HUD as well as loan closing documents.
Process Medicaid accounts within time restraints govern by company policies.
Review patient referrals to speciality clinics to insure patients meet HMO prerequesites.
Process medicaid claimsSort and prep claimsSet up appeals submit by various providers

Loan coordinator example responsibilities.

Manage individual pipeline using the LPS system.
Assist in preparation of all disclosures following RESPA requirements of the time on multiple files.
Fund loans after closing and perform quality assurance measures in order to be in compliance with RESPA guidelines.
Review, analyze, and process complex individual consumer requests using conventional and FHA lending requirements.
Demonstrate technical expertise and project management skills necessary for preparing complex residential loan applications for conventional or FHA underwriter approval.
Process routine to moderately complex conventional or VA mortgage loans according to product guidelines through validation of credit and collateral documentation.

Correspondence coordinator vs loan coordinator skills

Common correspondence coordinator skills

HIPAA, 18%
Customer Service, 16%
SharePoint, 14%
Subpoenas, 9%
Telephone Calls, 8%
Correspondence Procedures, 5%

Common loan coordinator skills

Customer Service, 26%
Work Ethic, 12%
FHA, 10%
Coordinators, 6%
Origination, 6%
Financial Statements, 4%

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Correspondence Coordinator
Correspondence Coordinator vs Loan Coordinator

Updated January 8, 2025

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