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Farm loan representative vs loan officer assistant

The differences between farm loan representatives and loan officers assistant 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 officer assistant. Additionally, a loan officer assistant has an average salary of $45,681, which is higher than the $44,638 average annual salary of a farm loan representative.

The top three skills for a farm loan representative include customer service, and . The most important skills for a loan officer assistant are customer service, origination, and loan process.

Farm loan representative vs loan officer assistant overview

Farm Loan RepresentativeLoan Officer Assistant
Yearly salary$44,638$45,681
Hourly rate$21.46$21.96
Growth rate4%4%
Number of jobs23,79165,094
Job satisfaction-4
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 53%
Average age4545
Years of experience66

Farm loan representative vs loan officer assistant salary

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

Farm Loan RepresentativeLoan Officer Assistant
Average salary$44,638$45,681
Salary rangeBetween $27,000 And $72,000Between $28,000 And $72,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Stifel Financial
Best paying industry-Finance

Differences between farm loan representative and loan officer assistant education

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

Farm Loan RepresentativeLoan Officer Assistant
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeNorthwestern UniversitySUNY at Binghamton

Farm loan representative vs loan officer assistant demographics

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

Farm Loan RepresentativeLoan Officer Assistant
Average age4545
Gender ratioMale, 34.4% Female, 65.6%Male, 28.8% Female, 71.2%
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, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between farm loan representative and loan officer assistant 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 officer assistant example responsibilities.

  • Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
  • Collect and organize sales and listing data for files, assemble all data in accordance with Fannie Mae and FHA guidelines.
  • Field incoming requests for VA home loans.
  • Review loans for REPSA and HMDA guidelines, compliance and require documents.
  • Check RESPA for compliance and re-disclose for any loan changes or fee corrections.
  • Review documents and ensure all applicable disclosures are in loan file according to RESPA guidelines.
  • Show more

Farm loan representative vs loan officer assistant skills

Common farm loan representative skills
  • Customer Service, 100%
Common loan officer assistant skills
  • Customer Service, 28%
  • Origination, 9%
  • Loan Process, 6%
  • Loan Origination, 5%
  • FHA, 5%
  • Va, 5%

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