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Loan supervisor vs loan officer assistant

The differences between loan supervisors and loan officers assistant 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 supervisor and a loan officer assistant. Additionally, a loan supervisor has an average salary of $67,504, which is higher than the $45,681 average annual salary of a loan officer assistant.

The top three skills for a loan supervisor include customer service, real estate and financial statements. The most important skills for a loan officer assistant are customer service, origination, and loan process.

Loan supervisor vs loan officer assistant overview

Loan SupervisorLoan Officer Assistant
Yearly salary$67,504$45,681
Hourly rate$32.45$21.96
Growth rate4%4%
Number of jobs9,60665,094
Job satisfaction-4
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 53%
Average age4545
Years of experience66

Loan supervisor vs loan officer assistant salary

Loan supervisors and loan officers assistant have different pay scales, as shown below.

Loan SupervisorLoan Officer Assistant
Average salary$67,504$45,681
Salary rangeBetween $46,000 And $98,000Between $28,000 And $72,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Stifel Financial
Best paying industry-Finance

Differences between loan supervisor and loan officer assistant education

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

Loan SupervisorLoan Officer Assistant
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaSUNY at Binghamton

Loan supervisor vs loan officer assistant demographics

Here are the differences between loan supervisors' and loan officers assistant' demographics:

Loan SupervisorLoan Officer Assistant
Average age4545
Gender ratioMale, 36.4% Female, 63.6%Male, 28.8% Female, 71.2%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.5% American Indian and Alaska Native, 0.5%Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between loan supervisor and loan officer assistant duties and responsibilities

Loan supervisor example responsibilities.

  • Manage loan origination underwriting and funding teams for dealer and consumer financial products and services.
  • Receive loans originate by multiple loan officers, gather all necessary documentation and submit complete underwriting packages to lenders.
  • Analyze mortgagors for approval of HAMP or traditional modification.

Loan officer assistant example responsibilities.

  • Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
  • Collect and organize sales and listing data for files, assemble all data in accordance with Fannie Mae and FHA guidelines.
  • Field incoming requests for VA home loans.
  • Review loans for REPSA and HMDA guidelines, compliance and require documents.
  • Check RESPA for compliance and re-disclose for any loan changes or fee corrections.
  • Review documents and ensure all applicable disclosures are in loan file according to RESPA guidelines.
  • Show more

Loan supervisor vs loan officer assistant skills

Common loan supervisor skills
  • Customer Service, 14%
  • Real Estate, 13%
  • Financial Statements, 9%
  • Escrow, 7%
  • Mortgage Loans, 6%
  • Direct Reports, 5%
Common loan officer assistant skills
  • Customer Service, 28%
  • Origination, 9%
  • Loan Process, 6%
  • Loan Origination, 5%
  • FHA, 5%
  • Va, 5%

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