Disbursing officer vs loan originator

The differences between disbursing officers and loan originators 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 originator. Additionally, a loan originator has an average salary of $41,291, 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 originator are customer service, origination, and FHA.

Disbursing officer vs loan originator overview

	Disbursing Officer	Loan Originator
Yearly salary	$33,641	$41,291
Hourly rate	$16.17	$19.85
Growth rate	4%	4%
Number of jobs	56,773	10,716
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 61%
Average age	45	45
Years of experience	6	6

Disbursing officer vs loan originator salary

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

	Disbursing Officer	Loan Originator
Average salary	$33,641	$41,291
Salary range	Between $23,000 And $48,000	Between $28,000 And $60,000
Highest paying City	-	New York, NY
Highest paying state	-	South Dakota
Best paying company	-	Centennial Bank
Best paying industry	-	Transportation

Differences between disbursing officer and loan originator education

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

	Disbursing Officer	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

Disbursing officer vs loan originator demographics

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

	Disbursing Officer	Loan Originator
Average age	45	45
Gender ratio	Male, 59.8% Female, 40.2%	Male, 54.0% Female, 46.0%
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, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between disbursing officer and loan originator 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 originator example responsibilities.

Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
Complete yearly the NMLS continuing education requirements.
Direct lender with FNMA while maintaining all loan servicing.
Increase revenues and product awareness by cross-selling service lines and packages.
Complete a rigorous training program and have obtained 25 NMLS state licensing requirements to be a loan originator.
Review FHA case number assignments, mortgage credit rejects and refinances authorizations to determine qualification.

Disbursing officer vs loan originator 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 originator skills

Customer Service, 18%
Origination, 9%
FHA, 6%
Va, 6%
Phone Calls, 6%
Excellent Interpersonal, 5%