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The differences between loan review analysts and escrow officers 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 review analyst and an escrow officer. Additionally, an escrow officer has an average salary of $50,270, which is higher than the $42,678 average annual salary of a loan review analyst.
The top three skills for a loan review analyst include financial statements, loan documentation and real estate. The most important skills for an escrow officer are customer service, HOA, and title insurance.
| Loan Review Analyst | Escrow Officer | |
| Yearly salary | $42,678 | $50,270 |
| Hourly rate | $20.52 | $24.17 |
| Growth rate | 4% | 4% |
| Number of jobs | 26,042 | 62,077 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 47% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
A loan review analyst is a person who evaluates all credit documents and information needed. They are responsible for gaining approval and maintaining compliance under the credit or loan guidelines. A loan revies analyst prepares needed loan reports with the necessary information for approval and decision making. Furthermore, they are the ones who are assessing credit structures. Often, this career is for someone who has experience in credit analysis and assessment.
Escrow officers, commonly known as loan officers, are responsible for real estate processing and finalizing deals. They ensure all documents are authentic and prepared, property titles are clear, and financial obligations have been thoroughly met by the buyer and seller. They verify the document of land ownership, checking property title, and consulting with potential buyers, sellers, and lending firms. It is also their responsibility to handle the deposition of funds and processing of legal documents, including paperwork to finalize the transaction.
Loan review analysts and escrow officers have different pay scales, as shown below.
| Loan Review Analyst | Escrow Officer | |
| Average salary | $42,678 | $50,270 |
| Salary range | Between $25,000 And $72,000 | Between $36,000 And $70,000 |
| Highest paying City | Parsippany-Troy Hills, NJ | Walnut Creek, CA |
| Highest paying state | Washington | New Mexico |
| Best paying company | CFA Institute | Fidelity National Financial |
| Best paying industry | Finance | Finance |
There are a few differences between a loan review analyst and an escrow officer in terms of educational background:
| Loan Review Analyst | Escrow Officer | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 47% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between loan review analysts' and escrow officers' demographics:
| Loan Review Analyst | Escrow Officer | |
| Average age | 45 | 45 |
| Gender ratio | Male, 37.7% Female, 62.3% | Male, 14.9% Female, 85.1% |
| Race ratio | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.3% American Indian and Alaska Native, 0.5% | Black or African American, 8.8% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.2% White, 64.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |