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Loan examiner vs loan adviser

The differences between loan examiners and loan advisers 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 adviser. Additionally, a loan examiner has an average salary of $61,785, which is higher than the $40,365 average annual salary of a loan adviser.

The top three skills for a loan examiner include credit risk, credit quality and internal controls. The most important skills for a loan adviser are customer service, origination, and mortgage loans.

Loan examiner vs loan adviser overview

Loan ExaminerLoan Adviser
Yearly salary$61,785$40,365
Hourly rate$29.70$19.41
Growth rate4%4%
Number of jobs10,80524,189
Job satisfaction--
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 52%
Average age4545
Years of experience66

Loan examiner vs loan adviser salary

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

Loan ExaminerLoan Adviser
Average salary$61,785$40,365
Salary rangeBetween $44,000 And $86,000Between $28,000 And $56,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between loan examiner and loan adviser education

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

Loan ExaminerLoan Adviser
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan examiner vs loan adviser demographics

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

Loan ExaminerLoan Adviser
Average age4545
Gender ratioMale, 59.0% Female, 41.0%Male, 47.7% Female, 52.3%
Race ratioBlack 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, 16.1% Asian, 6.4% White, 63.1% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between loan examiner and loan adviser 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 adviser example responsibilities.

  • Manage a multifacete commercial real estate investment firm.
  • Follow the FDCPA, FCRA and TCPA guidelines and is a license collector.
  • Assist future homeowners obtain financing through FHA, VA, USDA, or conventional financing.
  • Handle all calls with due care to ensure proper adherence to FDCPA rules and regulations.
  • Determine financing options for clients, and advise them on a variety of FHA, conventional, and sub-prime mortgages.
  • Communicate to a small team basic loan restructuring possibilities to assist customers in resolving delinquency and avoiding foreclosure.
  • Show more

Loan examiner vs loan adviser 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 adviser skills
  • Customer Service, 44%
  • Origination, 14%
  • Mortgage Loans, 7%
  • Loan Process, 5%
  • Automated Underwriting, 4%
  • NMLS, 4%

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