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The differences between loan documentation specialists and certified medical technicians 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 documentation specialist, becoming a certified medical technician takes usually requires 6-12 months. Additionally, a certified medical technician has an average salary of $38,859, which is higher than the $35,946 average annual salary of a loan documentation specialist.
The top three skills for a loan documentation specialist include customer service, loan applications and real estate loans. The most important skills for a certified medical technician are patients, vital signs, and CPR.
| Loan Documentation Specialist | Certified Medical Technician | |
| Yearly salary | $35,946 | $38,859 |
| Hourly rate | $17.28 | $18.68 |
| Growth rate | -3% | 5% |
| Number of jobs | 11,768 | 164,424 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 28% |
| Average age | 42 | 44 |
| Years of experience | 4 | 12 |
A loan documentation specialist is primarily in charge of assisting clients in preparing and processing their loan applications, ensuring convenience and client satisfaction. Their responsibilities typically revolve around liaising with clients to identify their needs, explaining the extent of procedures, gathering and verifying requirements, and maintaining records of all transactions. They must also help staff in analyzing documentation and participate in training new workers. Furthermore, as a loan documentation specialist, it is essential to devise strategies to optimize documentation services, all while adhering to the company's policies and regulations.
Certified Medical Technicians are specialists in medical diagnoses by performing laboratory testing and analysis for hospitals and physicians. Their duties include lab sanitization to prepare for testing and collection, recording medical samples for testing, specimen preparation, blood drawing for donation and testing, and assisting physicians with sample collection as well as equipment handling in surgical rooms. They must also understand how to use complex and sensitive testing equipment such as cell counters, analyzers, microscopes, and centrifuges.
Loan documentation specialists and certified medical technicians have different pay scales, as shown below.
| Loan Documentation Specialist | Certified Medical Technician | |
| Average salary | $35,946 | $38,859 |
| Salary range | Between $28,000 And $45,000 | Between $28,000 And $53,000 |
| Highest paying City | Eugene, OR | Denton, TX |
| Highest paying state | Washington | Alaska |
| Best paying company | City National Bank | Favorite Healthcare Staffing |
| Best paying industry | Finance | Health Care |
There are a few differences between a loan documentation specialist and a certified medical technician in terms of educational background:
| Loan Documentation Specialist | Certified Medical Technician | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 28% |
| Most common major | Business | Nursing |
| Most common college | University of Pennsylvania | University of Connecticut |
Here are the differences between loan documentation specialists' and certified medical technicians' demographics:
| Loan Documentation Specialist | Certified Medical Technician | |
| Average age | 42 | 44 |
| Gender ratio | Male, 29.9% Female, 70.1% | Male, 20.4% Female, 79.6% |
| Race ratio | Black or African American, 11.8% Unknown, 4.4% Hispanic or Latino, 12.3% Asian, 8.2% White, 62.9% American Indian and Alaska Native, 0.4% | Black or African American, 15.9% Unknown, 5.0% Hispanic or Latino, 14.6% Asian, 10.0% White, 53.8% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 7% | 8% |