How To Become A Loan Auditor: What It Is and Career Path

What is a loan auditor and how to become one

Updated January 8, 2025

2 min read

There is more than meets the eye when it comes to being a loan auditor. For example, did you know that they make an average of $18.13 an hour? That's $37,716 a year! Between 2018 and 2028, the career is expected to grow -3% and produce -38,500 job opportunities across the U.S.

ScoreLoan AuditorUS Average

Salary

2.9

Avg. Salary $37,716

Avg. Salary $59,228

Stability level

8.6

Growth rate -3%

Growth rate 0.3%

Diversity

8.3

Race

American Indian and Alaska Native 0.40%

Asian 6.74%

Black or African American 12.82%

Hispanic or Latino 16.65%

Unknown 4.26%

White 59.13%

Gender

female 67.64%

male 32.36%

Age - 41

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 41

Stress level

8.6

Stress level is very high

7.1 - high

Complexity level

6.9

Complexity level is challenging

7 - challenging

Work life balance

5.2

Work life balance is fair

6.4 - fair

Key steps to become a loan auditor

Explore loan auditor education requirements

Most common loan auditor degrees

Bachelor's

57.6 %

Associate

19.5 %

High School Diploma

10.7 %

Start to develop specific loan auditor skills

Skills	Percentages
Audit Findings	28.21%
FHA	5.64%
Va	5.64%
Real Estate	5.14%
State Regulations	3.70%

Complete relevant loan auditor training and internships

Accountants spend an average of 1-2 years on post-employment, on-the-job training. New loan auditors learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a loan auditor based on U.S. Bureau of Labor Statistics data and data from real loan auditor resumes.

Research loan auditor duties and responsibilities

Manage the organization's HMDA data and accurately complete the government reporting annually.
Research and respond to questions from FHA, VA and conventional loan lenders.
Review the HUD-1 settlement statement RESPA disclosures are properly execute with the settlement and disbursement dates, and fees is correct.
Review the VA loan analysis against the system for accuracy.

Prepare your loan auditor resume

When your background is strong enough, you can start writing your loan auditor resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a loan auditor resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable loan auditor resume templates

Build a professional loan auditor resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your loan auditor resume.