Loan auditor vs post closer

The differences between loan auditors and post closers 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 post closer. Additionally, a post closer has an average salary of $38,045, 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 post closer are loan packages, post-closer, and FHA.

Loan auditor vs post closer overview

	Loan Auditor	Post Closer
Yearly salary	$37,716	$38,045
Hourly rate	$18.13	$18.29
Growth rate	-3%	-3%
Number of jobs	26,869	10,407
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 41%
Average age	42	42
Years of experience	4	4

Loan auditor vs post closer salary

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

	Loan Auditor	Post Closer
Average salary	$37,716	$38,045
Salary range	Between $29,000 And $47,000	Between $29,000 And $48,000
Highest paying City	-	San Ramon, CA
Highest paying state	-	California
Best paying company	-	Amplify Credit Union
Best paying industry	-	Insurance

Differences between loan auditor and post closer education

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

	Loan Auditor	Post Closer
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Loan auditor vs post closer demographics

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

	Loan Auditor	Post Closer
Average age	42	42
Gender ratio	Male, 32.4% Female, 67.6%	Male, 21.6% Female, 78.4%
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, 13.4% Unknown, 4.2% Hispanic or Latino, 16.7% Asian, 6.6% White, 58.6% American Indian and Alaska Native, 0.4%
LGBT Percentage	7%	7%

Differences between loan auditor and post closer 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.

Post closer example responsibilities.

Manage individual pipeline using the LPS system.
Review all types of loans (i.e., conventional, FHA, VA) for program accuracy and compliance.
Prepare HUD-1 settlement statements, review balance sheet, doc prep closing package, disburse checks and balance ledgers.
Partner with secondary investors to resolve loan irregularities to ensure files meet HUD, HMDA, and RESPA guidelines.
Review Hud-1 or settlement statements for accuracy.
Prepare conveyance package for clients.

Loan auditor vs post closer skills

Common loan auditor skills

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

Common post closer skills

Loan Packages, 17%
Post-Closer, 16%
FHA, 8%
Va, 8%
Escrow, 6%
Mers, 5%