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The differences between loan review analysts and loan administrators 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 a loan administrator. Additionally, a loan administrator has an average salary of $42,859, 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 a loan administrator are customer service, data entry, and loan administration.
| Loan Review Analyst | Loan Administrator | |
| Yearly salary | $42,678 | $42,859 |
| Hourly rate | $20.52 | $20.61 |
| Growth rate | 4% | 4% |
| Number of jobs | 26,042 | 63,708 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 58% |
| 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.
A Loan Administrator is a person that takes care of all the documentation part of the loan process. Loans require a lot of documents and requirements, and a loan administrator is a person that helps the client accomplish all these requirements. It is also their job to help clients resolve issues and problems during the loan process. A Loan Administrator is a crucial and hectic job. The one qualified for this position must be good at handling pressure, be good at resolving issues, handle complaints, and communicate with people.
Loan review analysts and loan administrators have different pay scales, as shown below.
| Loan Review Analyst | Loan Administrator | |
| Average salary | $42,678 | $42,859 |
| Salary range | Between $25,000 And $72,000 | Between $31,000 And $59,000 |
| Highest paying City | Parsippany-Troy Hills, NJ | Seattle, WA |
| Highest paying state | Washington | Hawaii |
| Best paying company | CFA Institute | BNY Mellon |
| Best paying industry | Finance | Finance |
There are a few differences between a loan review analyst and a loan administrator in terms of educational background:
| Loan Review Analyst | Loan Administrator | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 58% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between loan review analysts' and loan administrators' demographics:
| Loan Review Analyst | Loan Administrator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 37.7% Female, 62.3% | Male, 23.2% Female, 76.8% |
| 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, 9.3% Unknown, 4.6% Hispanic or Latino, 16.2% Asian, 6.4% White, 63.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |