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Loan processing supervisor vs loan officer assistant

The differences between loan processing supervisors and loan officers assistant 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 processing supervisor and a loan officer assistant. Additionally, a loan officer assistant has an average salary of $45,681, which is higher than the $35,560 average annual salary of a loan processing supervisor.

The top three skills for a loan processing supervisor include customer service, loan applications and FHA. The most important skills for a loan officer assistant are customer service, origination, and loan process.

Loan processing supervisor vs loan officer assistant overview

Loan Processing SupervisorLoan Officer Assistant
Yearly salary$35,560$45,681
Hourly rate$17.10$21.96
Growth rate4%4%
Number of jobs18,89265,094
Job satisfaction-4
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 53%
Average age4545
Years of experience66

Loan processing supervisor vs loan officer assistant salary

Loan processing supervisors and loan officers assistant have different pay scales, as shown below.

Loan Processing SupervisorLoan Officer Assistant
Average salary$35,560$45,681
Salary rangeBetween $21,000 And $57,000Between $28,000 And $72,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Stifel Financial
Best paying industry-Finance

Differences between loan processing supervisor and loan officer assistant education

There are a few differences between a loan processing supervisor and a loan officer assistant in terms of educational background:

Loan Processing SupervisorLoan Officer Assistant
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaSUNY at Binghamton

Loan processing supervisor vs loan officer assistant demographics

Here are the differences between loan processing supervisors' and loan officers assistant' demographics:

Loan Processing SupervisorLoan Officer Assistant
Average age4545
Gender ratioMale, 22.9% Female, 77.1%Male, 28.8% Female, 71.2%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.9% American Indian and Alaska Native, 0.5%Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between loan processing supervisor and loan officer assistant duties and responsibilities

Loan processing supervisor example responsibilities.

  • Manage a $21MM portfolio of criticize assets to resolve delinquent obligations as determined by the FDIC.
  • Manage the organization's HMDA data and accurately complete the government reporting annually.
  • Submit files to FHA and VA for government insuring.
  • Experience processing FHA, Conv.
  • Ensure timely and consistent communication occur with borrowers and agents from origination to close.
  • Supervise loan personnel at times and interact with various lenders within a local private-own loan origination company.
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Loan officer assistant example responsibilities.

  • Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
  • Collect and organize sales and listing data for files, assemble all data in accordance with Fannie Mae and FHA guidelines.
  • Field incoming requests for VA home loans.
  • Review loans for REPSA and HMDA guidelines, compliance and require documents.
  • Check RESPA for compliance and re-disclose for any loan changes or fee corrections.
  • Review documents and ensure all applicable disclosures are in loan file according to RESPA guidelines.
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Loan processing supervisor vs loan officer assistant skills

Common loan processing supervisor skills
  • Customer Service, 15%
  • Loan Applications, 15%
  • FHA, 7%
  • Va, 7%
  • Origination, 7%
  • Loan Packages, 6%
Common loan officer assistant skills
  • Customer Service, 28%
  • Origination, 9%
  • Loan Process, 6%
  • Loan Origination, 5%
  • FHA, 5%
  • Va, 5%

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