Loan auditor vs loan coordinator

The differences between loan auditors and loan coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a loan auditor and a loan coordinator. Additionally, a loan coordinator has an average salary of $39,836, 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 loan coordinator are customer service, work ethic, and FHA.

Loan auditor vs loan coordinator overview

	Loan Auditor	Loan Coordinator
Yearly salary	$37,716	$39,836
Hourly rate	$18.13	$19.15
Growth rate	-3%	-3%
Number of jobs	26,869	24,765
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 56%
Average age	42	42
Years of experience	4	4

Loan auditor vs loan coordinator salary

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

	Loan Auditor	Loan Coordinator
Average salary	$37,716	$39,836
Salary range	Between $29,000 And $47,000	Between $30,000 And $51,000
Highest paying City	-	Raleigh, NC
Highest paying state	-	West Virginia
Best paying company	-	JPMorgan Chase & Co.
Best paying industry	-	Professional

Differences between loan auditor and loan coordinator education

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

	Loan Auditor	Loan Coordinator
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 56%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Loan auditor vs loan coordinator demographics

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

	Loan Auditor	Loan Coordinator
Average age	42	42
Gender ratio	Male, 32.4% Female, 67.6%	Male, 25.3% Female, 74.7%
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, 11.9% Unknown, 4.3% Hispanic or Latino, 17.7% Asian, 7.5% White, 58.2% American Indian and Alaska Native, 0.4%
LGBT Percentage	7%	7%

Differences between loan auditor and loan coordinator 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.

Loan coordinator example responsibilities.

Manage individual pipeline using the LPS system.
Assist in preparation of all disclosures following RESPA requirements of the time on multiple files.
Fund loans after closing and perform quality assurance measures in order to be in compliance with RESPA guidelines.
Review, analyze, and process complex individual consumer requests using conventional and FHA lending requirements.
Demonstrate technical expertise and project management skills necessary for preparing complex residential loan applications for conventional or FHA underwriter approval.
Process routine to moderately complex conventional or VA mortgage loans according to product guidelines through validation of credit and collateral documentation.

Loan auditor vs loan coordinator skills

Common loan auditor skills

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

Common loan coordinator skills

Customer Service, 26%
Work Ethic, 12%
FHA, 10%
Coordinators, 6%
Origination, 6%
Financial Statements, 4%