Loan examiner vs loan administrator

The differences between loan examiners and loan administrators 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 a loan administrator. Additionally, a loan examiner has an average salary of $61,785, which is higher than the $42,859 average annual salary of a loan administrator.

The top three skills for a loan examiner include credit risk, credit quality and internal controls. The most important skills for a loan administrator are customer service, data entry, and loan administration.

Loan examiner vs loan administrator overview

	Loan Examiner	Loan Administrator
Yearly salary	$61,785	$42,859
Hourly rate	$29.70	$20.61
Growth rate	4%	4%
Number of jobs	10,805	63,708
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 58%
Average age	45	45
Years of experience	6	6

Loan examiner vs loan administrator salary

Loan examiners and loan administrators have different pay scales, as shown below.

	Loan Examiner	Loan Administrator
Average salary	$61,785	$42,859
Salary range	Between $44,000 And $86,000	Between $31,000 And $59,000
Highest paying City	-	Seattle, WA
Highest paying state	-	Hawaii
Best paying company	-	BNY Mellon
Best paying industry	-	Finance

Differences between loan examiner and loan administrator education

There are a few differences between a loan examiner and a loan administrator in terms of educational background:

	Loan Examiner	Loan Administrator
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 58%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Loan examiner vs loan administrator demographics

Here are the differences between loan examiners' and loan administrators' demographics:

	Loan Examiner	Loan Administrator
Average age	45	45
Gender ratio	Male, 59.0% Female, 41.0%	Male, 23.2% Female, 76.8%
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, 9.3% Unknown, 4.6% Hispanic or Latino, 16.2% Asian, 6.4% White, 63.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between loan examiner and loan administrator 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.

Loan administrator example responsibilities.

Manage a multifacete commercial real estate investment firm.
Pull OFAC on all borrowers.
Order third party reports such as appraisals, titles, and OFAC information.
Order on FHA loans in a timely and efficient manner to meet month end deadlines.
Present and sell financial benefits of a variety of FHA, VA, and conventional loans.
Coordinate and maintain loans for adherence to credit policy as well as guidelines in keeping compliant with SBA regulations.

Loan examiner vs loan administrator skills

Common loan examiner skills

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

Common loan administrator skills

Customer Service, 14%
Data Entry, 5%
Loan Administration, 5%
Loan Processing, 5%
Financial Statements, 4%
Due Diligence, 4%