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Loan supervisor vs senior loan officer

The differences between loan supervisors 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 supervisor and a senior loan officer. Additionally, a loan supervisor has an average salary of $67,504, which is higher than the $37,162 average annual salary of a senior loan officer.

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

Loan supervisor vs senior loan officer overview

Loan SupervisorSenior Loan Officer
Yearly salary$67,504$37,162
Hourly rate$32.45$17.87
Growth rate4%4%
Number of jobs9,60665,807
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 66%
Average age4545
Years of experience66

Loan supervisor vs senior loan officer salary

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

Loan SupervisorSenior Loan Officer
Average salary$67,504$37,162
Salary rangeBetween $46,000 And $98,000Between $29,000 And $46,000
Highest paying City-Miami, FL
Highest paying state-Hawaii
Best paying company-Salal Credit Union
Best paying industry-Finance

Differences between loan supervisor and senior loan officer education

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

Loan SupervisorSenior Loan Officer
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan supervisor vs senior loan officer demographics

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

Loan SupervisorSenior Loan Officer
Average age4545
Gender ratioMale, 36.4% Female, 63.6%Male, 69.4% Female, 30.6%
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, 15.9% Asian, 6.4% White, 63.4% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between loan supervisor and senior loan officer 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.

Senior loan officer example responsibilities.

  • Oversee the loan origination process from inception to completion and initiate aggressive business growth opportunities in a highly competitive market.
  • Maintain close relationships with loan processors and problem-solve upcoming issues to ensure quality loan origination and minimize last-minute conditions of approval.
  • Prepare FNMA 1003 and RESPA documents.
  • Underwrite over 30 FNMA modification loans determining terms of trial and permanent modifications.
  • Utilize automated underwriting engines to assess credit and collateral risk conventional and FHA lending.
  • Establish communication with escrow officers, processors, loan officers and underwriter regarding loan status and/or missing information.
  • Show more

Loan supervisor vs senior loan officer skills

Common loan supervisor skills
  • Customer Service, 14%
  • Real Estate, 13%
  • Financial Statements, 9%
  • Escrow, 7%
  • Mortgage Loans, 6%
  • Direct Reports, 5%
Common senior loan officer skills
  • Customer Service, 15%
  • Loan Applications, 11%
  • Origination, 10%
  • Business Relationships, 5%
  • FHA, 5%
  • Va, 5%

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