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The differences between loan reviewers and loan analysts 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 analyst. Additionally, a loan analyst has an average salary of $37,857, 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 analyst are loan documentation, customer service, and real estate.
| Loan Reviewer | Loan Analyst | |
| Yearly salary | $31,175 | $37,857 |
| Hourly rate | $14.99 | $18.20 |
| Growth rate | 4% | 4% |
| Number of jobs | 14,737 | 24,756 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 66% |
| 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 analyst is responsible for determining the eligibility of loan applicants in purchasing loan services by analyzing their application documents, account statements, and financial and credit status. Loan analysts evaluate loan agreements and payment plans and explain feasibility to the customers and loan officers before granting the loan. They also provide loan options and alternatives to the clients according to their needs and risk limitations. A loan analyst must have excellent knowledge of the loan and financial industry, especially in handling credit policies and loan processes and ensuring timely submission of reports.
Loan reviewers and loan analysts have different pay scales, as shown below.
| Loan Reviewer | Loan Analyst | |
| Average salary | $31,175 | $37,857 |
| Salary range | Between $24,000 And $39,000 | Between $24,000 And $58,000 |
| Highest paying City | Olympia, WA | Raleigh, NC |
| Highest paying state | Washington | South Dakota |
| Best paying company | Citizens Alliance | Barclays |
| Best paying industry | Finance | Finance |
There are a few differences between a loan reviewer and a loan analyst in terms of educational background:
| Loan Reviewer | Loan Analyst | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between loan reviewers' and loan analysts' demographics:
| Loan Reviewer | Loan Analyst | |
| Average age | 45 | 45 |
| Gender ratio | Male, 29.9% Female, 70.1% | Male, 43.2% Female, 56.8% |
| 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, 9.2% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |