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Loan processing supervisor vs senior loan processor

The differences between loan processing supervisors and senior loan processors 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 senior loan processor. Additionally, a senior loan processor has an average salary of $50,297, 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 senior loan processor are customer service, FHA, and va.

Loan processing supervisor vs senior loan processor overview

Loan Processing SupervisorSenior Loan Processor
Yearly salary$35,560$50,297
Hourly rate$17.10$24.18
Growth rate4%4%
Number of jobs18,89221,995
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 50%
Average age4545
Years of experience66

Loan processing supervisor vs senior loan processor salary

Loan processing supervisors and senior loan processors have different pay scales, as shown below.

Loan Processing SupervisorSenior Loan Processor
Average salary$35,560$50,297
Salary rangeBetween $21,000 And $57,000Between $33,000 And $75,000
Highest paying City-Baltimore, MD
Highest paying state-Hawaii
Best paying company-Accenture
Best paying industry-Professional

Differences between loan processing supervisor and senior loan processor education

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

Loan Processing SupervisorSenior Loan Processor
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 50%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan processing supervisor vs senior loan processor demographics

Here are the differences between loan processing supervisors' and senior loan processors' demographics:

Loan Processing SupervisorSenior Loan Processor
Average age4545
Gender ratioMale, 22.9% Female, 77.1%Male, 23.0% Female, 77.0%
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, 15.8% Asian, 6.3% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between loan processing supervisor and senior loan processor 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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Senior loan processor example responsibilities.

  • Work knowledge of underwriting requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors.
  • Monitor compliance with the regulatory and secondary markets guidelines with FNMA, FHLMC, VA, FHA investors and PMI loans.
  • Process conforming, non-conforming, FHA, and VA files from the time of application to the day of funding.
  • Analyze all pertinent financial and credit data to determine the loan risk for bank, VA, and investor guidelines.
  • Process, close, and perform preliminary underwriting on conventional, FHA, and VA loans retail purchase and refinance.
  • Create charts and client files using calyx system.
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Loan processing supervisor vs senior loan processor skills

Common loan processing supervisor skills
  • Customer Service, 15%
  • Loan Applications, 15%
  • FHA, 7%
  • Va, 7%
  • Origination, 7%
  • Loan Packages, 6%
Common senior loan processor skills
  • Customer Service, 14%
  • FHA, 8%
  • Va, 8%
  • Property Appraisals, 6%
  • Calculate Income, 6%
  • Loan Applications, 6%

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