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The differences between junior processors and processors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a junior processor, becoming a processor takes usually requires 6-12 months. Additionally, a junior processor has an average salary of $33,371, which is higher than the $32,098 average annual salary of a processor.
The top three skills for a junior processor include mortgage loans, loan applications and appraisal orders. The most important skills for a processor are data entry, customer service, and patients.
| Junior Processor | Processor | |
| Yearly salary | $33,371 | $32,098 |
| Hourly rate | $16.04 | $15.43 |
| Growth rate | -3% | -3% |
| Number of jobs | 17,036 | 11,448 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 35% |
| Average age | 42 | 50 |
| Years of experience | 4 | 12 |
A junior processor is responsible for assessing a loan applicant's information to determine whether they are eligible to obtain a loan. This includes examining the assets submitted by the applicant, considering whether the loan is viable, and determining if the applicant is capable of paying. They also explain the terms and conditions set by the lending company. After assessment, they forward the loan applicant's details to the loan committee for appropriate action, which could be approval or disapproval.
Processors are employees who deal with clients and ensure that the clients' requests are provided. Processors usually handle loans or any other related claims. They are in charge of managing the submission of the clients' rights. They communicate the requirements to clients, schedule appointments, receive requirements submitted by clients, validate the requirements, and endorse further processing and approval requirements. Processors act as the bridge between clients and other institutions. They also communicate the request's status to clients and assist should it be needed after approval.
Junior processors and processors have different pay scales, as shown below.
| Junior Processor | Processor | |
| Average salary | $33,371 | $32,098 |
| Salary range | Between $26,000 And $41,000 | Between $24,000 And $41,000 |
| Highest paying City | - | Randolph, MA |
| Highest paying state | - | California |
| Best paying company | - | Argonne National Laboratory |
| Best paying industry | - | Finance |
There are a few differences between a junior processor and a processor in terms of educational background:
| Junior Processor | Processor | |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 35% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between junior processors' and processors' demographics:
| Junior Processor | Processor | |
| Average age | 42 | 50 |
| Gender ratio | Male, 19.1% Female, 80.9% | Male, 34.0% Female, 66.0% |
| Race ratio | Black or African American, 12.4% Unknown, 4.2% Hispanic or Latino, 18.5% Asian, 6.6% White, 57.9% American Indian and Alaska Native, 0.4% | Black or African American, 6.7% Unknown, 4.5% Hispanic or Latino, 10.7% Asian, 4.7% White, 72.3% American Indian and Alaska Native, 1.1% |
| LGBT Percentage | 7% | 7% |