Post job

Field officer vs senior loan processor

The differences between field officers and senior loan processors 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 senior loan processor. Additionally, a senior loan processor has an average salary of $50,297, 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 senior loan processor are customer service, FHA, and va.

Field officer vs senior loan processor overview

Field OfficerSenior Loan Processor
Yearly salary$37,148$50,297
Hourly rate$17.86$24.18
Growth rate4%4%
Number of jobs101,41821,995
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 50%
Average age4545
Years of experience66

Field officer vs senior loan processor salary

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

Field OfficerSenior Loan Processor
Average salary$37,148$50,297
Salary rangeBetween $25,000 And $53,000Between $33,000 And $75,000
Highest paying City-Baltimore, MD
Highest paying state-Hawaii
Best paying company-Accenture
Best paying industry-Professional

Differences between field officer and senior loan processor education

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

Field OfficerSenior Loan Processor
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 50%
Most common majorCriminal JusticeBusiness
Most common collegeSUNY at BinghamtonUniversity of Pennsylvania

Field officer vs senior loan processor demographics

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

Field OfficerSenior Loan Processor
Average age4545
Gender ratioMale, 68.7% Female, 31.3%Male, 23.0% Female, 77.0%
Race ratioBlack 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, 9.1% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.3% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between field officer and senior loan processor 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.

Senior loan processor example responsibilities.

  • Work knowledge of underwriting requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors.
  • Monitor compliance with the regulatory and secondary markets guidelines with FNMA, FHLMC, VA, FHA investors and PMI loans.
  • Process conforming, non-conforming, FHA, and VA files from the time of application to the day of funding.
  • Analyze all pertinent financial and credit data to determine the loan risk for bank, VA, and investor guidelines.
  • Process, close, and perform preliminary underwriting on conventional, FHA, and VA loans retail purchase and refinance.
  • Create charts and client files using calyx system.
  • Show more

Field officer vs senior loan processor skills

Common field officer skills
  • Scheme, 23%
  • Technical Assistance, 8%
  • Data Collection, 8%
  • Emergency Situations, 7%
  • Field Supervision, 6%
  • Logistics, 6%
Common senior loan processor skills
  • Customer Service, 14%
  • FHA, 8%
  • Va, 8%
  • Property Appraisals, 6%
  • Calculate Income, 6%
  • Loan Applications, 6%

Browse business and financial jobs