Disbursing officer vs loan officer

The differences between disbursing officers and loan officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a disbursing officer and a loan officer. Additionally, a loan officer has an average salary of $45,817, which is higher than the $33,641 average annual salary of a disbursing officer.

The top three skills for a disbursing officer include financial management, payroll services and treasury. The most important skills for a loan officer are customer service, origination, and loan origination.

Disbursing officer vs loan officer overview

	Disbursing Officer	Loan Officer
Yearly salary	$33,641	$45,817
Hourly rate	$16.17	$22.03
Growth rate	4%	4%
Number of jobs	56,773	63,663
Job satisfaction	-	4.5
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 61%
Average age	45	45
Years of experience	6	6

Disbursing officer vs loan officer salary

Disbursing officers and loan officers have different pay scales, as shown below.

	Disbursing Officer	Loan Officer
Average salary	$33,641	$45,817
Salary range	Between $23,000 And $48,000	Between $30,000 And $69,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Bangor Savings Bank
Best paying industry	-	Finance

Differences between disbursing officer and loan officer education

There are a few differences between a disbursing officer and a loan officer in terms of educational background:

	Disbursing Officer	Loan Officer
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

Disbursing officer vs loan officer demographics

Here are the differences between disbursing officers' and loan officers' demographics:

	Disbursing Officer	Loan Officer
Average age	45	45
Gender ratio	Male, 59.8% Female, 40.2%	Male, 55.3% Female, 44.7%
Race ratio	Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% American Indian and Alaska Native, 0.5%	Black or African American, 9.0% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.9% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between disbursing officer and loan officer duties and responsibilities

Disbursing officer example responsibilities.

Manage high volumes of financial activity in a fast-pace, risk-base combat environment in Afghanistan.
Research and input EFT (electronic funds transfer) information.
Collect loan proceeds and deposit funds into escrow accounts.
Resolve pay/leave problems in coordination with DFAS payroll offices.
Prepare & endorse U.S. Treasury checks for witness fees and death gratuity payments.
Execute electronic funds transfers for civilian payroll and issue reports to U.S. Treasury.

Loan officer example responsibilities.

Manage a multifacete commercial real estate investment firm.
Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
Follow up leads for refinance loans gather all applications and necessary paperwork to qualify applicants from origination to close of escrow.
Analyze available resources to determine suitable mortgage products (FHA, FNMA/FHLC) to meet clients' purchasing or refinancing goals.
Originate and process various loan products including government, conventional, portfolio, construction, USDA mortgages, home equity line/loans.
Originate FHA, VA, conventional, jumbo, and USDA loans, according to specific lender guidelines in broker environment.

Disbursing officer vs loan officer skills

Common disbursing officer skills

Financial Management, 25%
Payroll Services, 14%
Treasury, 12%
Internal Controls, 6%
Financial Aid Funds, 5%
Travel Claims, 3%

Common loan officer skills

Customer Service, 17%
Origination, 13%
Loan Origination, 5%
FHA, 5%
NMLS, 5%
Loan Products, 4%