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The differences between loan reviewers 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 reviewer and a loan administrator. Additionally, a loan administrator has an average salary of $42,859, which is higher than the $31,175 average annual salary of a loan reviewer.
The top three skills for a loan reviewer include loan review, real estate and data entry. The most important skills for a loan administrator are customer service, data entry, and loan administration.
| Loan Reviewer | Loan Administrator | |
| Yearly salary | $31,175 | $42,859 |
| Hourly rate | $14.99 | $20.61 |
| Growth rate | 4% | 4% |
| Number of jobs | 14,737 | 63,708 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 58% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
A loan reviewer is a person who evaluates and reviews the loan application of clients based on their loan capacity and capability to pay. They are responsible for assessing needed documents and ensures compliance with the regulation and policies of a bank or credit cooperative. A loan reviewer also verifies if the loan procedure is properly implemented. They have other responsibilities such as identifying loan problems, reviewing other banking processes, and reporting fraudulent claims. A representative also records and keeps the data needed for further analysis.
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 reviewers and loan administrators have different pay scales, as shown below.
| Loan Reviewer | Loan Administrator | |
| Average salary | $31,175 | $42,859 |
| Salary range | Between $24,000 And $39,000 | Between $31,000 And $59,000 |
| Highest paying City | Olympia, WA | Seattle, WA |
| Highest paying state | Washington | Hawaii |
| Best paying company | Citizens Alliance | BNY Mellon |
| Best paying industry | Finance | Finance |
There are a few differences between a loan reviewer and a loan administrator in terms of educational background:
| Loan Reviewer | Loan Administrator | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 58% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between loan reviewers' and loan administrators' demographics:
| Loan Reviewer | Loan Administrator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 29.9% Female, 70.1% | Male, 23.2% Female, 76.8% |
| Race ratio | Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.4% White, 63.6% 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% |