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Loan workout officer vs certified medical technician

The differences between loan workout officers and certified medical technicians 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 workout officer, becoming a certified medical technician takes usually requires 6-12 months. Additionally, a loan workout officer has an average salary of $46,768, which is higher than the $38,859 average annual salary of a certified medical technician.

The top three skills for a loan workout officer include financial statements, commercial loans and SBA. The most important skills for a certified medical technician are patients, vital signs, and CPR.

Loan workout officer vs certified medical technician overview

Loan Workout OfficerCertified Medical Technician
Yearly salary$46,768$38,859
Hourly rate$22.48$18.68
Growth rate4%5%
Number of jobs61,309164,424
Job satisfaction4-
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 28%
Average age4544
Years of experience612

Loan workout officer vs certified medical technician salary

Loan workout officers and certified medical technicians have different pay scales, as shown below.

Loan Workout OfficerCertified Medical Technician
Average salary$46,768$38,859
Salary rangeBetween $28,000 And $75,000Between $28,000 And $53,000
Highest paying City-Denton, TX
Highest paying state-Alaska
Best paying company-Favorite Healthcare Staffing
Best paying industry-Health Care

Differences between loan workout officer and certified medical technician education

There are a few differences between a loan workout officer and a certified medical technician in terms of educational background:

Loan Workout OfficerCertified Medical Technician
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 28%
Most common majorBusinessNursing
Most common collegeUniversity of PennsylvaniaUniversity of Connecticut

Loan workout officer vs certified medical technician demographics

Here are the differences between loan workout officers' and certified medical technicians' demographics:

Loan Workout OfficerCertified Medical Technician
Average age4544
Gender ratioMale, 72.9% Female, 27.1%Male, 20.4% Female, 79.6%
Race ratioBlack or African American, 8.6% Unknown, 4.7% Hispanic or Latino, 16.6% Asian, 6.5% White, 63.2% American Indian and Alaska Native, 0.5%Black or African American, 15.9% Unknown, 5.0% Hispanic or Latino, 14.6% Asian, 10.0% White, 53.8% American Indian and Alaska Native, 0.8%
LGBT Percentage8%8%

Differences between loan workout officer and certified medical technician duties and responsibilities

Loan workout officer example responsibilities.

  • Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
  • Structure SBA repurchase packages with accurate liquidation and litigation financial plans.
  • Interact closely with the surveillance utilization and review team to audit medical record documentation in accordance with Medicaid regulations and guidelines.
  • Process trailing documents for initial and final GNMA certifications.

Certified medical technician example responsibilities.

  • Maintain the cleanliness of storage areas, trays, centrifuges, refrigerators, freezers and work area.
  • Administer medications to patients according to their medication record as scheduled, as needed according to physician orders.
  • Perform laboratory test and procedures in areas including chemistry, hematology, urinalysis, coagulation, serology, and bacteriology.
  • Perform first aid and apply CPR when necessary.
  • Perform first aid or CPR during medical emergencies until paramedics arrive.
  • Assist the residents in their ADL needs and prepare their meals.
  • Show more

Loan workout officer vs certified medical technician skills

Common loan workout officer skills
  • Financial Statements, 18%
  • Commercial Loans, 9%
  • SBA, 9%
  • Loan Portfolio, 8%
  • Cash Flow, 7%
  • Litigation, 7%
Common certified medical technician skills
  • Patients, 17%
  • Vital Signs, 12%
  • CPR, 8%
  • Administer Medications, 7%
  • Resident Care, 6%
  • HIPAA, 6%

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