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The differences between credit administrators 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 credit administrator, becoming a loan originator takes usually requires 4-6 years. Additionally, a credit administrator has an average salary of $59,271, which is higher than the $41,291 average annual salary of a loan originator.
The top three skills for a credit administrator include financial statements, credit card payments and real estate. The most important skills for a loan originator are customer service, origination, and FHA.
| Credit Administrator | Loan Originator | |
| Yearly salary | $59,271 | $41,291 |
| Hourly rate | $28.50 | $19.85 |
| Growth rate | -8% | 4% |
| Number of jobs | 55,726 | 10,716 |
| Job satisfaction | 2 | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 61% |
| Average age | 39 | 45 |
| Years of experience | 2 | 6 |
A credit administrator oversees the credit operations in a company, ensuring efficiency and client satisfaction. They typically conduct research and analysis, handle credit portfolios, perform credit risk assessments, monitor credit accounts, validate requirements, evaluate applications, and develop strategies to optimize operations. A credit administrator may also perform a variety of clerical tasks such as preparing and processing documents, answering calls and correspondence, organizing information, and maintaining records. Moreover, they must lead and encourage staff to reach goals, all while enforcing and promoting the company's policies and regulations.
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.
Credit administrators and loan originators have different pay scales, as shown below.
| Credit Administrator | Loan Originator | |
| Average salary | $59,271 | $41,291 |
| Salary range | Between $33,000 And $106,000 | Between $28,000 And $60,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | South Dakota |
| Best paying company | BNY Mellon | Centennial Bank |
| Best paying industry | - | Transportation |
There are a few differences between a credit administrator and a loan originator in terms of educational background:
| Credit Administrator | Loan Originator | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit administrators' and loan originators' demographics:
| Credit Administrator | Loan Originator | |
| Average age | 39 | 45 |
| Gender ratio | Male, 28.4% Female, 71.6% | Male, 54.0% Female, 46.0% |
| Race ratio | Black or African American, 8.1% Unknown, 2.7% Hispanic or Latino, 10.0% Asian, 9.4% White, 69.5% 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% |