Loan auditor vs lead auditor

The differences between loan auditors and lead auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a lead auditor has an average salary of $85,352, 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 a lead auditor are ISO, medicare, and management system.

Loan auditor vs lead auditor overview

	Loan Auditor	Lead Auditor
Yearly salary	$37,716	$85,352
Hourly rate	$18.13	$41.03
Growth rate	-3%	6%
Number of jobs	26,869	20,504
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 58%
Average age	42	44
Years of experience	4	-

Loan auditor vs lead auditor salary

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

	Loan Auditor	Lead Auditor
Average salary	$37,716	$85,352
Salary range	Between $29,000 And $47,000	Between $62,000 And $115,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Meta
Best paying industry	-	Professional

Differences between loan auditor and lead auditor education

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

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

Loan auditor vs lead auditor demographics

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

	Loan Auditor	Lead Auditor
Average age	42	44
Gender ratio	Male, 32.4% Female, 67.6%	Male, 57.9% Female, 42.1%
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, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between loan auditor and lead 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.

Lead auditor example responsibilities.

Manage the SOX business process implementation, execution and improvement initiatives.
Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
Enhance Sarbanes-Oxley (SOX) audit templates to provide standardization and structure that reflect current best practices while maximizing productivity.
Work the RMEI/RMAU reports regularly for various Medicare account types.
Develop exact specifications to determine why claims are not paid in accordance with specific DME Medicare guidelines.
Conduct surveillance and assessment of manufacturing firms, industries and companies to ensure that these systems comply with ISO standards.

Loan auditor vs lead auditor skills

Common loan auditor skills

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

Common lead auditor skills

ISO, 16%
Medicare, 10%
Management System, 6%
Audit Reports, 5%
Corrective Action, 5%
Internal Controls, 4%