Loan examiner vs escrow officer

The differences between loan examiners and escrow officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a loan examiner and an escrow officer. Additionally, a loan examiner has an average salary of $61,785, which is higher than the $50,270 average annual salary of an escrow officer.

The top three skills for a loan examiner include credit risk, credit quality and internal controls. The most important skills for an escrow officer are customer service, HOA, and title insurance.

Loan examiner vs escrow officer overview

	Loan Examiner	Escrow Officer
Yearly salary	$61,785	$50,270
Hourly rate	$29.70	$24.17
Growth rate	4%	4%
Number of jobs	10,805	62,077
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 47%
Average age	45	45
Years of experience	6	6

Loan examiner vs escrow officer salary

Loan examiners and escrow officers have different pay scales, as shown below.

	Loan Examiner	Escrow Officer
Average salary	$61,785	$50,270
Salary range	Between $44,000 And $86,000	Between $36,000 And $70,000
Highest paying City	-	Walnut Creek, CA
Highest paying state	-	New Mexico
Best paying company	-	Fidelity National Financial
Best paying industry	-	Finance

Differences between loan examiner and escrow officer education

There are a few differences between a loan examiner and an escrow officer in terms of educational background:

	Loan Examiner	Escrow Officer
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 47%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Loan examiner vs escrow officer demographics

Here are the differences between loan examiners' and escrow officers' demographics:

	Loan Examiner	Escrow Officer
Average age	45	45
Gender ratio	Male, 59.0% Female, 41.0%	Male, 14.9% Female, 85.1%
Race ratio	Black or African American, 10.4% Unknown, 4.7% Hispanic or Latino, 14.4% Asian, 5.7% White, 64.3% American Indian and Alaska Native, 0.5%	Black or African American, 8.8% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.2% White, 64.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between loan examiner and escrow officer duties and responsibilities

Loan examiner example responsibilities.

Innovate technical solutions, including development of complex macros within MSP, to automate work and reduce manual processes
Blood collection by venipuncture and capillary technique ensure all specimens are collect accurately, on time and according to establish procedures.
Determine document validity base on HUD requirements.

Escrow officer example responsibilities.

Manage escrow department for title insurance company.
Perform closing for a variety of real estate escrows types, including but not limit to REO resale and resale escrows.
Operate multi-line phone system and perform basic office procedures.
Prepare closing documents, close escrow, TRID CD, clear title.
Order conveyance deeds and other pertinent documents from outside vendors.
Prepare documents to be record with county and return to mortgage company for conveyance.

Loan examiner vs escrow officer skills

Common loan examiner skills

Credit Risk, 27%
Credit Quality, 23%
Internal Controls, 18%
Consumer Complaints, 14%
Problem Loans, 9%
Compliance Examinations, 9%

Common escrow officer skills

Customer Service, 23%
HOA, 6%
Title Insurance, 6%
Notary, 5%
Develop Client Relationships, 5%
Real Estate Transactions, 5%