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The differences between credit products officers and senior loan processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a credit products officer and a senior loan processor. Additionally, a credit products officer has an average salary of $99,608, which is higher than the $50,297 average annual salary of a senior loan processor.
The top three skills for a credit products officer include credit analysis, financial statements and credit quality. The most important skills for a senior loan processor are customer service, FHA, and va.
| Credit Products Officer | Senior Loan Processor | |
| Yearly salary | $99,608 | $50,297 |
| Hourly rate | $47.89 | $24.18 |
| Growth rate | 4% | 4% |
| Number of jobs | 62,628 | 21,995 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 50% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
Credit products officers and senior loan processors have different pay scales, as shown below.
| Credit Products Officer | Senior Loan Processor | |
| Average salary | $99,608 | $50,297 |
| Salary range | Between $58,000 And $170,000 | Between $33,000 And $75,000 |
| Highest paying City | - | Baltimore, MD |
| Highest paying state | - | Hawaii |
| Best paying company | - | Accenture |
| Best paying industry | - | Professional |
There are a few differences between a credit products officer and a senior loan processor in terms of educational background:
| Credit Products Officer | Senior Loan Processor | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit products officers' and senior loan processors' demographics:
| Credit Products Officer | Senior Loan Processor | |
| Average age | 45 | 45 |
| Gender ratio | Male, 48.8% Female, 51.2% | Male, 23.0% Female, 77.0% |
| Race ratio | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5% | Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.3% White, 63.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |