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Farm loan representative vs loan adviser

The differences between farm loan representatives and loan advisers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a farm loan representative and a loan adviser. Additionally, a farm loan representative has an average salary of $44,638, which is higher than the $40,365 average annual salary of a loan adviser.

The top three skills for a farm loan representative include customer service, and . The most important skills for a loan adviser are customer service, origination, and mortgage loans.

Farm loan representative vs loan adviser overview

Farm Loan RepresentativeLoan Adviser
Yearly salary$44,638$40,365
Hourly rate$21.46$19.41
Growth rate4%4%
Number of jobs23,79124,189
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 52%
Average age4545
Years of experience66

Farm loan representative vs loan adviser salary

Farm loan representatives and loan advisers have different pay scales, as shown below.

Farm Loan RepresentativeLoan Adviser
Average salary$44,638$40,365
Salary rangeBetween $27,000 And $72,000Between $28,000 And $56,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between farm loan representative and loan adviser education

There are a few differences between a farm loan representative and a loan adviser in terms of educational background:

Farm Loan RepresentativeLoan Adviser
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeNorthwestern UniversityUniversity of Pennsylvania

Farm loan representative vs loan adviser demographics

Here are the differences between farm loan representatives' and loan advisers' demographics:

Farm Loan RepresentativeLoan Adviser
Average age4545
Gender ratioMale, 34.4% Female, 65.6%Male, 47.7% Female, 52.3%
Race ratioBlack or African American, 9.4% Unknown, 4.6% Hispanic or Latino, 16.3% Asian, 4.8% White, 64.4% American Indian and Alaska Native, 0.5%Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.1% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between farm loan representative and loan adviser duties and responsibilities

Farm loan representative example responsibilities.

  • Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
  • Interview prospective lenders to for additional services; significantly expand company lender sources in both purchase and refinance markets.
  • Communicate to a small team basic loan restructuring possibilities to assist customers in resolving delinquency and avoiding foreclosure.

Loan adviser example responsibilities.

  • Manage a multifacete commercial real estate investment firm.
  • Follow the FDCPA, FCRA and TCPA guidelines and is a license collector.
  • Assist future homeowners obtain financing through FHA, VA, USDA, or conventional financing.
  • Handle all calls with due care to ensure proper adherence to FDCPA rules and regulations.
  • Determine financing options for clients, and advise them on a variety of FHA, conventional, and sub-prime mortgages.
  • Communicate to a small team basic loan restructuring possibilities to assist customers in resolving delinquency and avoiding foreclosure.
  • Show more

Farm loan representative vs loan adviser skills

Common farm loan representative skills
  • Customer Service, 100%
Common loan adviser skills
  • Customer Service, 44%
  • Origination, 14%
  • Mortgage Loans, 7%
  • Loan Process, 5%
  • Automated Underwriting, 4%
  • NMLS, 4%

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