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The differences between home advisors and loan officers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a home advisor has an average salary of $71,251, which is higher than the $45,817 average annual salary of a loan officer.
The top three skills for a home advisor include windows, product knowledge and customer service. The most important skills for a loan officer are customer service, origination, and loan origination.
| Home Advisor | Loan Officer | |
| Yearly salary | $71,251 | $45,817 |
| Hourly rate | $34.26 | $22.03 |
| Growth rate | 10% | 4% |
| Number of jobs | 77,547 | 63,663 |
| Job satisfaction | - | 4.5 |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 61% |
| Average age | 44 | 45 |
| Years of experience | - | 6 |
A Home Advisor's task is to develop a business system infrastructure to provide a pathway for the growth of executives, mid-management, and staff for a management consulting company. Home Advisors adapt to various communication styles for troubleshooting, which depends on the customers' technology level. They evaluate customer communications and elevate customer or client concerns to the proper department. They also demonstrate flexibility to varying communication styles and modify the approach to accommodate others' needs.
Loan officers are responsible for assisting borrowers on the best type of loans to avail and guiding the clients throughout the application process. A loan officer must be highly knowledgeable about different lending products, payment plans, loan regulations, and essential files for fast loan approval. Loan officers also act as the first point of contact, conducting an initial screening of the customers, process loan contracts and appropriate documentation, update account records, and respond to customer's inquiries. A loan officer also has the right to reject loan applicants who do not meet loan qualifications.
Home advisors and loan officers have different pay scales, as shown below.
| Home Advisor | Loan Officer | |
| Average salary | $71,251 | $45,817 |
| Salary range | Between $28,000 And $179,000 | Between $30,000 And $69,000 |
| Highest paying City | Anchorage, AK | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Sutter Health | Bangor Savings Bank |
| Best paying industry | - | Finance |
There are a few differences between a home advisor and a loan officer in terms of educational background:
| Home Advisor | Loan Officer | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | Cornell University | University of Pennsylvania |
Here are the differences between home advisors' and loan officers' demographics:
| Home Advisor | Loan Officer | |
| Average age | 44 | 45 |
| Gender ratio | Male, 59.3% Female, 40.7% | Male, 55.3% Female, 44.7% |
| Race ratio | Black or African American, 10.9% Unknown, 4.2% Hispanic or Latino, 16.5% Asian, 5.4% White, 62.2% American Indian and Alaska Native, 0.7% | 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 | 16% | 8% |