Loan clerk vs data entry clerk

The differences between loan clerks and data entry clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a loan clerk, becoming a data entry clerk takes usually requires 1-2 years. Additionally, a data entry clerk has an average salary of $31,582, which is higher than the $26,552 average annual salary of a loan clerk.

The top three skills for a loan clerk include customer service, loan payments and financial data. The most important skills for a data entry clerk are data entry, customer service, and computer database.

Loan clerk vs data entry clerk overview

	Loan Clerk	Data Entry Clerk
Yearly salary	$26,552	$31,582
Hourly rate	$12.77	$15.18
Growth rate	-3%	-5%
Number of jobs	75,101	132,345
Job satisfaction	-	4
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 28%
Average age	42	44
Years of experience	4	2

Loan clerk vs data entry clerk salary

Loan clerks and data entry clerks have different pay scales, as shown below.

	Loan Clerk	Data Entry Clerk
Average salary	$26,552	$31,582
Salary range	Between $19,000 And $35,000	Between $25,000 And $38,000
Highest paying City	Newark, NJ	Washington, DC
Highest paying state	California	Washington
Best paying company	UFCU	General Dynamics Mission Systems
Best paying industry	Finance	Finance

Differences between loan clerk and data entry clerk education

There are a few differences between a loan clerk and a data entry clerk in terms of educational background:

	Loan Clerk	Data Entry Clerk
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 28%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Loan clerk vs data entry clerk demographics

Here are the differences between loan clerks' and data entry clerks' demographics:

	Loan Clerk	Data Entry Clerk
Average age	42	44
Gender ratio	Male, 16.9% Female, 83.1%	Male, 19.9% Female, 80.1%
Race ratio	Black or African American, 12.9% Unknown, 4.7% Hispanic or Latino, 14.6% Asian, 7.0% White, 60.3% American Indian and Alaska Native, 0.5%	Black or African American, 10.5% Unknown, 4.2% Hispanic or Latino, 22.8% Asian, 7.5% White, 54.4% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	5%

Differences between loan clerk and data entry clerk duties and responsibilities

Loan clerk example responsibilities.

Manage A/R transactions, prepare weekly account reconciliation's, perform research/ adjustments on A/P and A/R discrepancy accounts.
Monitor UCC filings and updates.
Prepare SBA loans using WordPrefect.
Record UCC filings on-line and by mail.
Review loan files, facilitate and verify loss mitigation application request, determine eligibility for clients requesting foreclosure financial assistance.
Work with HUD the VA and FHA to make sure all requirements are completed.

Data entry clerk example responsibilities.

Prepare, maintain and manage PowerPoint presentations.
Enter contractual data into AS400 computer terminal, implementing alphanumeric and 10-key data entry.
Work in multiple windows to process information.
Create a backup copy for one specific table on the SQL database.
Process radiology reports into MDIV program while meeting department month- end billing cycle.
Establish the ability to type approximately 58 wpm and type 10 key by touch.

Loan clerk vs data entry clerk skills

Common loan clerk skills

Customer Service, 22%
Loan Payments, 12%
Financial Data, 10%
Mortgage Loans, 5%
Credit Reports, 4%
General Ledger Accounts, 3%

Common data entry clerk skills

Data Entry, 23%
Customer Service, 19%
Computer Database, 12%
Computer System, 6%
Word Processing, 5%
WPM, 3%