Loan auditor vs auditor

The differences between loan auditors and auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an auditor has an average salary of $54,853, which is higher than the $37,716 average annual salary of a loan auditor.

The top three skills for a loan auditor include audit findings, FHA and va. The most important skills for an auditor are audit reports, customer service, and financial statements.

Loan auditor vs auditor overview

	Loan Auditor	Auditor
Yearly salary	$37,716	$54,853
Hourly rate	$18.13	$26.37
Growth rate	-3%	6%
Number of jobs	26,869	20,325
Job satisfaction	-	3
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 55%
Average age	42	44
Years of experience	4	-

Loan auditor vs auditor salary

Loan auditors and auditors have different pay scales, as shown below.

	Loan Auditor	Auditor
Average salary	$37,716	$54,853
Salary range	Between $29,000 And $47,000	Between $35,000 And $84,000
Highest paying City	-	Washington, DC
Highest paying state	-	New Jersey
Best paying company	-	Microsoft
Best paying industry	-	Professional

Differences between loan auditor and auditor education

There are a few differences between a loan auditor and an auditor in terms of educational background:

	Loan Auditor	Auditor
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 55%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Loan auditor vs auditor demographics

Here are the differences between loan auditors' and auditors' demographics:

	Loan Auditor	Auditor
Average age	42	44
Gender ratio	Male, 32.4% Female, 67.6%	Male, 44.9% Female, 55.1%
Race ratio	Black or African American, 12.8% Unknown, 4.3% Hispanic or Latino, 16.7% Asian, 6.7% White, 59.1% American Indian and Alaska Native, 0.4%	Black or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.5% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between loan auditor and auditor duties and responsibilities

Loan auditor example 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.
Work on FHA deals that require in-depth knowledge of special guidelines.
Produce accurately audit loan package properly identifying loan defects, paying particular attention to RESPA, HUD & GFE guidelines.

Auditor example responsibilities.

Lead FDA readiness audits and participate in regulatory inspections.
Manage the collection, analysis and verification of managerial payroll information to detect fraud and/or unethical practices.
Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
Perform semi-annual financial audits w/ externally contract CPA to validate accounts payable and receivables.
Develop and facilitate training for SOX process owners and other stakeholders using Microsoft PowerPoint.
Work efficiently and effectively with various process owners to develop SOX specific business processes and mating documentation controls.

Loan auditor vs auditor skills

Common loan auditor skills

Audit Findings, 28%
FHA, 6%
Va, 6%
Real Estate, 5%
State Regulations, 4%
Federal Regulations, 4%

Common auditor skills

Audit Reports, 18%
Customer Service, 8%
Financial Statements, 6%
Audit Findings, 5%
Audit Procedures, 5%
Payroll, 5%