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Interlibrary loan specialist vs loan officer

The differences between interlibrary loan specialists 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 an interlibrary loan specialist and a loan officer. Additionally, an interlibrary loan specialist has an average salary of $49,669, which is higher than the $45,817 average annual salary of a loan officer.

The top three skills for an interlibrary loan specialist include interlibrary loan, loan request and OCLC. The most important skills for a loan officer are customer service, origination, and loan origination.

Interlibrary loan specialist vs loan officer overview

Interlibrary Loan SpecialistLoan Officer
Yearly salary$49,669$45,817
Hourly rate$23.88$22.03
Growth rate4%4%
Number of jobs10,11763,663
Job satisfaction-4.5
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 61%
Average age4545
Years of experience66

Interlibrary loan specialist vs loan officer salary

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

Interlibrary Loan SpecialistLoan Officer
Average salary$49,669$45,817
Salary rangeBetween $33,000 And $74,000Between $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 interlibrary loan specialist and loan officer education

There are a few differences between an interlibrary loan specialist and a loan officer in terms of educational background:

Interlibrary Loan SpecialistLoan Officer
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 61%
Most common majorEnglishBusiness
Most common collegeNorthwestern UniversityUniversity of Pennsylvania

Interlibrary loan specialist vs loan officer demographics

Here are the differences between interlibrary loan specialists' and loan officers' demographics:

Interlibrary Loan SpecialistLoan Officer
Average age4545
Gender ratioMale, 28.2% Female, 71.8%Male, 55.3% Female, 44.7%
Race ratioBlack or African American, 10.1% Unknown, 4.7% Hispanic or Latino, 12.4% Asian, 6.9% White, 65.5% 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 Percentage8%8%

Differences between interlibrary loan specialist and loan officer duties and responsibilities

Interlibrary loan specialist example responsibilities.

  • Manage a multifacete commercial real estate investment firm.
  • Introduce on-line card cataloging, research and retrieval to library and library patrons.
  • Utilize Pubmed, Worldcat, Lexis Nexis, and other database resources to verify citation criteria.
  • Conduct on-line searches using resources such as OCLC, Carl-Uncover, the Internet, and other available electronic databases.
  • Review loan files, facilitate and verify loss mitigation application request, determine eligibility for clients requesting foreclosure financial assistance.
  • Process residential and business disaster loan application by applying SBA guideline standards, utilizing financial and credit analysis techniques.

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.
  • Show more

Interlibrary loan specialist vs loan officer skills

Common interlibrary loan specialist skills
  • Interlibrary Loan, 47%
  • Loan Request, 16%
  • OCLC, 12%
  • Circulation Desk, 11%
  • Student Assistants, 9%
  • Research Assistance, 4%
Common loan officer skills
  • Customer Service, 17%
  • Origination, 13%
  • Loan Origination, 5%
  • FHA, 5%
  • NMLS, 5%
  • Loan Products, 4%

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