Document administrator vs loan administrator

The differences between document administrators and loan administrators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a document administrator and a loan administrator. Additionally, a document administrator has an average salary of $55,986, which is higher than the $42,859 average annual salary of a loan administrator.

The top three skills for a document administrator include booking, bank policies and UCC. The most important skills for a loan administrator are customer service, data entry, and loan administration.

Document administrator vs loan administrator overview

	Document Administrator	Loan Administrator
Yearly salary	$55,986	$42,859
Hourly rate	$26.92	$20.61
Growth rate	9%	4%
Number of jobs	53,574	63,708
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 53%	Bachelor's Degree, 58%
Average age	47	45
Years of experience	6	6

What does a document administrator do?

When it comes to the overall control of documents, whether for storage or damage, a document administrator is what you are looking for. Document administrators control the daily ways of documents. They are involved in maintaining document presence in the database as well as modifying it for better use. At times, they can also distribute and share documents with other organizations. They work in different sectors where document processing and storage is of utmost importance.

What does a loan administrator do?

A Loan Administrator is a person that takes care of all the documentation part of the loan process. Loans require a lot of documents and requirements, and a loan administrator is a person that helps the client accomplish all these requirements. It is also their job to help clients resolve issues and problems during the loan process. A Loan Administrator is a crucial and hectic job. The one qualified for this position must be good at handling pressure, be good at resolving issues, handle complaints, and communicate with people.

Document administrator vs loan administrator salary

Document administrators and loan administrators have different pay scales, as shown below.

	Document Administrator	Loan Administrator
Average salary	$55,986	$42,859
Salary range	Between $32,000 And $97,000	Between $31,000 And $59,000
Highest paying City	-	Seattle, WA
Highest paying state	-	Hawaii
Best paying company	-	BNY Mellon
Best paying industry	-	Finance

Differences between document administrator and loan administrator education

There are a few differences between a document administrator and a loan administrator in terms of educational background:

	Document Administrator	Loan Administrator
Most common degree	Bachelor's Degree, 53%	Bachelor's Degree, 58%
Most common major	Business	Business
Most common college	California State University - Bakersfield	University of Pennsylvania

Document administrator vs loan administrator demographics

Here are the differences between document administrators' and loan administrators' demographics:

	Document Administrator	Loan Administrator
Average age	47	45
Gender ratio	Male, 27.6% Female, 72.4%	Male, 23.2% Female, 76.8%
Race ratio	Black or African American, 10.0% Unknown, 4.7% Hispanic or Latino, 19.2% Asian, 5.3% White, 60.1% American Indian and Alaska Native, 0.6%	Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.2% Asian, 6.4% White, 63.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between document administrator and loan administrator duties and responsibilities

Document administrator example responsibilities.

Assist in the development and implementation of new documentation processes, coordinate workflow and manage credit derivatives documentation backlog.
Prepare all require documents and QA work.
Process UCC searches and filings, business evaluations, appraisals.
Support audit team during site audits by FDA and third party inspectors.
Obtain knowledge of company policies to ensure documents are compliant with FDA.
Review UCC's, lien searches and insurance to protect company's interest in the leased equipment.

Loan administrator example responsibilities.

Manage a multifacete commercial real estate investment firm.
Pull OFAC on all borrowers.
Order third party reports such as appraisals, titles, and OFAC information.
Order on FHA loans in a timely and efficient manner to meet month end deadlines.
Present and sell financial benefits of a variety of FHA, VA, and conventional loans.
Coordinate and maintain loans for adherence to credit policy as well as guidelines in keeping compliant with SBA regulations.

Document administrator vs loan administrator skills

Common document administrator skills

Booking, 20%
Bank Policies, 9%
UCC, 8%
PowerPoint, 7%
Data Entry, 7%
Financial Data, 7%

Common loan administrator skills

Customer Service, 14%
Data Entry, 5%
Loan Administration, 5%
Loan Processing, 5%
Financial Statements, 4%
Due Diligence, 4%

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Document Administrator
Document Administrator vs Loan Administrator

Updated January 8, 2025

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