Field officer vs loan officer

The differences between field 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 field officer and a loan officer. Additionally, a loan officer has an average salary of $45,817, which is higher than the $37,148 average annual salary of a field officer.

The top three skills for a field officer include scheme, technical assistance and data collection. The most important skills for a loan officer are customer service, origination, and loan origination.

Field officer vs loan officer overview

	Field Officer	Loan Officer
Yearly salary	$37,148	$45,817
Hourly rate	$17.86	$22.03
Growth rate	4%	4%
Number of jobs	101,418	63,663
Job satisfaction	-	4.5
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 61%
Average age	45	45
Years of experience	6	6

Field officer vs loan officer salary

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

	Field Officer	Loan Officer
Average salary	$37,148	$45,817
Salary range	Between $25,000 And $53,000	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 field officer and loan officer education

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

	Field Officer	Loan Officer
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 61%
Most common major	Criminal Justice	Business
Most common college	SUNY at Binghamton	University of Pennsylvania

Field officer vs loan officer demographics

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

	Field Officer	Loan Officer
Average age	45	45
Gender ratio	Male, 68.7% Female, 31.3%	Male, 55.3% Female, 44.7%
Race ratio	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%	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 field officer and loan officer duties and responsibilities

Field officer example responsibilities.

Work with and lead operators, effectively conveying information, ensuring successful wireline operation performance.
Work with other team members and local contractors, authorities, agencies and NGOs to solve projects problems.
Establish and maintain appropriate systems to monitor, evaluate and report on all operational activities including logistics and program implementation.
Work with and lead operators, effectively conveying information, ensuring successful wireline operation performance.

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.

Field officer vs loan officer skills

Common field officer skills

Scheme, 23%
Technical Assistance, 8%
Data Collection, 8%
Emergency Situations, 7%
Field Supervision, 6%
Logistics, 6%

Common loan officer skills

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