Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between loan reviewers and loan advisers 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 adviser. Additionally, a loan adviser has an average salary of $40,365, 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 adviser are customer service, origination, and mortgage loans.
| Loan Reviewer | Loan Adviser | |
| Yearly salary | $31,175 | $40,365 |
| Hourly rate | $14.99 | $19.41 |
| Growth rate | 4% | 4% |
| Number of jobs | 14,737 | 24,189 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 52% |
| 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 adviser evaluates and assesses mortgage applications to ensure that the client is capable and capacitated to pay their finances and obligations. They conduct one on one interviews with the client, verifies the documents presented, and handles the approval process. They can often be seen in a bank or a credit institution that gives support to the clients and borrowers. This career is considered a vital part of a bank as it determines the possible increase of a company's profit by their loan programs.
Loan reviewers and loan advisers have different pay scales, as shown below.
| Loan Reviewer | Loan Adviser | |
| Average salary | $31,175 | $40,365 |
| Salary range | Between $24,000 And $39,000 | Between $28,000 And $56,000 |
| Highest paying City | Olympia, WA | - |
| Highest paying state | Washington | - |
| Best paying company | Citizens Alliance | - |
| Best paying industry | Finance | - |
There are a few differences between a loan reviewer and a loan adviser in terms of educational background:
| Loan Reviewer | Loan Adviser | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between loan reviewers' and loan advisers' demographics:
| Loan Reviewer | Loan Adviser | |
| Average age | 45 | 45 |
| Gender ratio | Male, 29.9% Female, 70.1% | Male, 47.7% Female, 52.3% |
| 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, 16.1% Asian, 6.4% White, 63.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |