Loan supervisor vs loan processor

The differences between loan supervisors and loan processors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a loan supervisor, becoming a loan processor takes usually requires 2-4 years. Additionally, a loan supervisor has an average salary of $67,504, which is higher than the $38,122 average annual salary of a loan processor.

The top three skills for a loan supervisor include customer service, real estate and financial statements. The most important skills for a loan processor are loan applications, customer service, and property appraisals.

Loan supervisor vs loan processor overview

	Loan Supervisor	Loan Processor
Yearly salary	$67,504	$38,122
Hourly rate	$32.45	$18.33
Growth rate	4%	-3%
Number of jobs	9,606	16,228
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 46%
Average age	45	42
Years of experience	6	4

Loan supervisor vs loan processor salary

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

	Loan Supervisor	Loan Processor
Average salary	$67,504	$38,122
Salary range	Between $46,000 And $98,000	Between $28,000 And $50,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	West Virginia
Best paying company	-	Stanford University
Best paying industry	-	Finance

Differences between loan supervisor and loan processor education

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

	Loan Supervisor	Loan Processor
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 46%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Loan supervisor vs loan processor demographics

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

	Loan Supervisor	Loan Processor
Average age	45	42
Gender ratio	Male, 36.4% Female, 63.6%	Male, 20.6% Female, 79.4%
Race ratio	Black 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, 12.5% Unknown, 4.3% Hispanic or Latino, 17.1% Asian, 7.4% White, 58.3% American Indian and Alaska Native, 0.4%
LGBT Percentage	8%	7%

Differences between loan supervisor and loan processor 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 processor example responsibilities.

Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
Review and verify documentation consistent with company policies and compliance of FNMA, FHLMC, FHA/VA, USDA guidelines.
Gather all documentation necessary to process mortgage loans in accordance with FNMA and credit union guidelines/requirements.
Disclose and re-disclose the LE's and Prelim TRID require CD.
Upload monthly reports to FHLMC including principal & interest reports, delinquent loans and appraisals.
Ensure conditions on USDA commitments are met and loan files are prepared for closing on time.

Loan supervisor vs loan processor skills

Common loan supervisor skills

Customer Service, 14%
Real Estate, 13%
Financial Statements, 9%
Escrow, 7%
Mortgage Loans, 6%
Direct Reports, 5%

Common loan processor skills

Loan Applications, 22%
Customer Service, 20%
Property Appraisals, 5%
Mortgage Loans, 5%
Credit Reports, 5%
FHA, 4%