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The differences between loan reviewers and senior loan officers 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 senior loan officer. Additionally, a senior loan officer has an average salary of $37,162, 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 senior loan officer are customer service, loan applications, and origination.
| Loan Reviewer | Senior Loan Officer | |
| Yearly salary | $31,175 | $37,162 |
| Hourly rate | $14.99 | $17.87 |
| Growth rate | 4% | 4% |
| Number of jobs | 14,737 | 65,807 |
| 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 senior loan officer is responsible for authorizing loan applications after evaluating the applicant's loan eligibility upon submitting documents and other requirements. Senior loan officers assist the loan staff for the approval or rejection of the application, providing alternatives for the applicants based on their credibility. They monitor the loan process, create loan contracts, ensuring that the payment plans meet the federal laws and regulations. A senior loan officer must have extensive knowledge of the financial industry to prepare proposals timely and accurately.
Loan reviewers and senior loan officers have different pay scales, as shown below.
| Loan Reviewer | Senior Loan Officer | |
| Average salary | $31,175 | $37,162 |
| Salary range | Between $24,000 And $39,000 | Between $29,000 And $46,000 |
| Highest paying City | Olympia, WA | Miami, FL |
| Highest paying state | Washington | Hawaii |
| Best paying company | Citizens Alliance | Salal Credit Union |
| Best paying industry | Finance | Finance |
There are a few differences between a loan reviewer and a senior loan officer in terms of educational background:
| Loan Reviewer | Senior Loan Officer | |
| 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 senior loan officers' demographics:
| Loan Reviewer | Senior Loan Officer | |
| Average age | 45 | 45 |
| Gender ratio | Male, 29.9% Female, 70.1% | Male, 69.4% Female, 30.6% |
| 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% |