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The differences between loan review analysts 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 review analyst and a loan officer assistant. Additionally, a loan officer assistant has an average salary of $45,681, 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 officer assistant are customer service, origination, and loan process.
| Loan Review Analyst | Loan Officer Assistant | |
| Yearly salary | $42,678 | $45,681 |
| Hourly rate | $20.52 | $21.96 |
| Growth rate | 4% | 4% |
| Number of jobs | 26,042 | 65,094 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 53% |
| 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.
Loan Officer Assistants assist loan officers in processing the loan applications of clients. Loan officer assistants primarily work on the administrative tasks in the departments. They are in charge of managing documents, updating databases, and sorting files. Loan officer assistants may be assigned to review applications of clients. They should check whether both the application form and the supplementary documents are complete. They may also assess whether the clients meet the requirements for the loan. Upon checking, they manage the documents and package them for submission to the lender. Loan officer assistance may also be assigned to coordinate with lenders and update in-house policies according to the lenders' policies.
Loan review analysts and loan officers assistant have different pay scales, as shown below.
| Loan Review Analyst | Loan Officer Assistant | |
| Average salary | $42,678 | $45,681 |
| Salary range | Between $25,000 And $72,000 | Between $28,000 And $72,000 |
| Highest paying City | Parsippany-Troy Hills, NJ | New York, NY |
| Highest paying state | Washington | New York |
| Best paying company | CFA Institute | Stifel Financial |
| Best paying industry | Finance | Finance |
There are a few differences between a loan review analyst and a loan officer assistant in terms of educational background:
| Loan Review Analyst | Loan Officer Assistant | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | SUNY at Binghamton |
Here are the differences between loan review analysts' and loan officers assistant' demographics:
| Loan Review Analyst | Loan Officer Assistant | |
| Average age | 45 | 45 |
| Gender ratio | Male, 37.7% Female, 62.3% | Male, 28.8% Female, 71.2% |
| 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, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |