Loan secretary vs loan assistant

The differences between loan secretaries and loan assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a loan secretary and a loan assistant. Additionally, a loan assistant has an average salary of $36,962, which is higher than the $35,271 average annual salary of a loan secretary.

The top three skills for a loan secretary include customer service, real estate loans and financial statements. The most important skills for a loan assistant are customer service, loan applications, and mortgage loans.

Loan secretary vs loan assistant overview

	Loan Secretary	Loan Assistant
Yearly salary	$35,271	$36,962
Hourly rate	$16.96	$17.77
Growth rate	-3%	-3%
Number of jobs	15,452	8,923
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 37%	Bachelor's Degree, 51%
Average age	42	42
Years of experience	4	4

Loan secretary vs loan assistant salary

Loan secretaries and loan assistants have different pay scales, as shown below.

	Loan Secretary	Loan Assistant
Average salary	$35,271	$36,962
Salary range	Between $26,000 And $46,000	Between $28,000 And $47,000
Highest paying City	-	Olympia, WA
Highest paying state	-	Washington
Best paying company	-	University of California, Berkeley
Best paying industry	-	Finance

Differences between loan secretary and loan assistant education

There are a few differences between a loan secretary and a loan assistant in terms of educational background:

	Loan Secretary	Loan Assistant
Most common degree	Bachelor's Degree, 37%	Bachelor's Degree, 51%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Loan secretary vs loan assistant demographics

Here are the differences between loan secretaries' and loan assistants' demographics:

	Loan Secretary	Loan Assistant
Average age	42	42
Gender ratio	Male, 3.6% Female, 96.4%	Male, 18.2% Female, 81.8%
Race ratio	Black or African American, 12.7% Unknown, 4.9% Hispanic or Latino, 13.8% Asian, 6.3% White, 61.8% American Indian and Alaska Native, 0.6%	Black or African American, 12.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 7.4% White, 60.2% American Indian and Alaska Native, 0.4%
LGBT Percentage	7%	7%

Differences between loan secretary and loan assistant duties and responsibilities

Loan secretary example responsibilities.

Prepare and file UCC's and title applications.
Process auto title work, life insurance, UCC filing and recording.
Review loan files, facilitate and verify loss mitigation application request, determine eligibility for clients requesting foreclosure financial assistance.
Determine loan DU eligibility and submit files to underwriting department.

Loan assistant example responsibilities.

Keep the ATM balance and fill.
General teller duties, responsible for balancing cash drawer, ATM, vault.
Background in commercial real estate lending, A/R lending, SBA, construction loans, and consumer lending.
Iprocess all NSF returns including and not limit to checks, ACH, chargebacks and all cash items.
Request and work with all SBA offices for loan documents as needed for disputes or proof of debt request.
Support streamlined document management for residential mortgage origination company.

Loan secretary vs loan assistant skills

Common loan secretary skills

Customer Service, 28%
Real Estate Loans, 8%
Financial Statements, 8%
Commercial Loans, 6%
Credit Reports, 6%
Computer System, 4%

Common loan assistant skills

Customer Service, 19%
Loan Applications, 9%
Mortgage Loans, 7%
Financial Statements, 5%
Order Appraisals, 5%
Data Entry, 4%