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Loan supervisor vs loan originator

The differences between loan supervisors and loan originators 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 originator. Additionally, a loan supervisor has an average salary of $67,504, which is higher than the $41,291 average annual salary of a loan originator.

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

Loan supervisor vs loan originator overview

Loan SupervisorLoan Originator
Yearly salary$67,504$41,291
Hourly rate$32.45$19.85
Growth rate4%4%
Number of jobs9,60610,716
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 61%
Average age4545
Years of experience66

Loan supervisor vs loan originator salary

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

Loan SupervisorLoan Originator
Average salary$67,504$41,291
Salary rangeBetween $46,000 And $98,000Between $28,000 And $60,000
Highest paying City-New York, NY
Highest paying state-South Dakota
Best paying company-Centennial Bank
Best paying industry-Transportation

Differences between loan supervisor and loan originator education

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

Loan SupervisorLoan Originator
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 61%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan supervisor vs loan originator demographics

Here are the differences between loan supervisors' and loan originators' demographics:

Loan SupervisorLoan Originator
Average age4545
Gender ratioMale, 36.4% Female, 63.6%Male, 54.0% Female, 46.0%
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, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between loan supervisor and loan originator 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 originator example responsibilities.

  • Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
  • Complete yearly the NMLS continuing education requirements.
  • Direct lender with FNMA while maintaining all loan servicing.
  • Increase revenues and product awareness by cross-selling service lines and packages.
  • Complete a rigorous training program and have obtained 25 NMLS state licensing requirements to be a loan originator.
  • Review FHA case number assignments, mortgage credit rejects and refinances authorizations to determine qualification.
  • Show more

Loan supervisor vs loan originator skills

Common loan supervisor skills
  • Customer Service, 14%
  • Real Estate, 13%
  • Financial Statements, 9%
  • Escrow, 7%
  • Mortgage Loans, 6%
  • Direct Reports, 5%
Common loan originator skills
  • Customer Service, 18%
  • Origination, 9%
  • FHA, 6%
  • Va, 6%
  • Phone Calls, 6%
  • Excellent Interpersonal, 5%

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