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Loan examiner vs loan analyst

The differences between loan examiners and loan analysts 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 analyst. Additionally, a loan examiner has an average salary of $61,785, which is higher than the $37,857 average annual salary of a loan analyst.

The top three skills for a loan examiner include credit risk, credit quality and internal controls. The most important skills for a loan analyst are loan documentation, customer service, and real estate.

Loan examiner vs loan analyst overview

Loan ExaminerLoan Analyst
Yearly salary$61,785$37,857
Hourly rate$29.70$18.20
Growth rate4%4%
Number of jobs10,80524,756
Job satisfaction--
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 66%
Average age4545
Years of experience66

Loan examiner vs loan analyst salary

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

Loan ExaminerLoan Analyst
Average salary$61,785$37,857
Salary rangeBetween $44,000 And $86,000Between $24,000 And $58,000
Highest paying City-Raleigh, NC
Highest paying state-South Dakota
Best paying company-Barclays
Best paying industry-Finance

Differences between loan examiner and loan analyst education

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

Loan ExaminerLoan Analyst
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan examiner vs loan analyst demographics

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

Loan ExaminerLoan Analyst
Average age4545
Gender ratioMale, 59.0% Female, 41.0%Male, 43.2% Female, 56.8%
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, 9.2% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.4% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between loan examiner and loan analyst 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 analyst example responsibilities.

  • Innovate technical solutions, including development of complex macros within MSP, to automate work and reduce manual processes
  • Prepare and remit quarterly / semi-annual USDA reporting
  • Communicate with FHA, VA, FNMA and FHLMC investors for any missing documents that are not include at closing.
  • Review government loan's documents including FHA & VA loans, and approves or suspends the loans after the underwriter decision.
  • Contact correspondent lenders for any missing documents and request correction of documents when necessary.
  • Select to participate in company management as a critical member of loan origination process improvement team.
  • Show more

Loan examiner vs loan analyst 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 analyst skills
  • Loan Documentation, 13%
  • Customer Service, 12%
  • Real Estate, 9%
  • Financial Statements, 9%
  • Loan Portfolio, 4%
  • Data Entry, 4%

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