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The differences between loan review analysts and loan originators 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 originator. Additionally, a loan review analyst has an average salary of $42,678, which is higher than the $41,291 average annual salary of a loan originator.
The top three skills for a loan review analyst include financial statements, loan documentation and real estate. The most important skills for a loan originator are customer service, origination, and FHA.
| Loan Review Analyst | Loan Originator | |
| Yearly salary | $42,678 | $41,291 |
| Hourly rate | $20.52 | $19.85 |
| Growth rate | 4% | 4% |
| Number of jobs | 26,042 | 10,716 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 61% |
| 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 Originator is a potential liaison between borrowers and lenders. They help borrowers complete loan applications and evaluate which loans are most appropriate for the customers.
Loan review analysts and loan originators have different pay scales, as shown below.
| Loan Review Analyst | Loan Originator | |
| Average salary | $42,678 | $41,291 |
| Salary range | Between $25,000 And $72,000 | Between $28,000 And $60,000 |
| Highest paying City | Parsippany-Troy Hills, NJ | New York, NY |
| Highest paying state | Washington | South Dakota |
| Best paying company | CFA Institute | Centennial Bank |
| Best paying industry | Finance | Transportation |
There are a few differences between a loan review analyst and a loan originator in terms of educational background:
| Loan Review Analyst | Loan Originator | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between loan review analysts' and loan originators' demographics:
| Loan Review Analyst | Loan Originator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 37.7% Female, 62.3% | Male, 54.0% Female, 46.0% |
| 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, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |