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Loan supervisor vs senior loan processor

The differences between loan supervisors and senior loan processors 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 processor. Additionally, a loan supervisor has an average salary of $67,504, which is higher than the $50,297 average annual salary of a senior loan processor.

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

Loan supervisor vs senior loan processor overview

Loan SupervisorSenior Loan Processor
Yearly salary$67,504$50,297
Hourly rate$32.45$24.18
Growth rate4%4%
Number of jobs9,60621,995
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 50%
Average age4545
Years of experience66

Loan supervisor vs senior loan processor salary

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

Loan SupervisorSenior Loan Processor
Average salary$67,504$50,297
Salary rangeBetween $46,000 And $98,000Between $33,000 And $75,000
Highest paying City-Baltimore, MD
Highest paying state-Hawaii
Best paying company-Accenture
Best paying industry-Professional

Differences between loan supervisor and senior loan processor education

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

Loan SupervisorSenior Loan Processor
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 50%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan supervisor vs senior loan processor demographics

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

Loan SupervisorSenior Loan Processor
Average age4545
Gender ratioMale, 36.4% Female, 63.6%Male, 23.0% Female, 77.0%
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, 9.1% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.3% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between loan supervisor and senior 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.

Senior loan processor example responsibilities.

  • Work knowledge of underwriting requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors.
  • Monitor compliance with the regulatory and secondary markets guidelines with FNMA, FHLMC, VA, FHA investors and PMI loans.
  • Process conforming, non-conforming, FHA, and VA files from the time of application to the day of funding.
  • Analyze all pertinent financial and credit data to determine the loan risk for bank, VA, and investor guidelines.
  • Process, close, and perform preliminary underwriting on conventional, FHA, and VA loans retail purchase and refinance.
  • Create charts and client files using calyx system.
  • Show more

Loan supervisor vs senior 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 senior loan processor skills
  • Customer Service, 14%
  • FHA, 8%
  • Va, 8%
  • Property Appraisals, 6%
  • Calculate Income, 6%
  • Loan Applications, 6%

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