Loss control representative vs loan services representative

The differences between loss control representatives and loan services representatives can be seen in a few details. Each job has different responsibilities and duties. Additionally, a loss control representative has an average salary of $54,279, which is higher than the $38,603 average annual salary of a loan services representative.

The top three skills for a loss control representative include customer service, OSHA and rehabilitation. The most important skills for a loan services representative are customer service, loan payments, and outbound calls.

Loss control representative vs loan services representative overview

	Loss Control Representative	Loan Services Representative
Yearly salary	$54,279	$38,603
Hourly rate	$26.10	$18.56
Growth rate	-3%	-3%
Number of jobs	38,216	85,475
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 47%
Average age	33	42
Years of experience	-	4

What does a loss control representative do?

A loss control representative is responsible for inspecting and preparing reports for the purpose of insurance underwriting. As a loss control representative, you will communicate with both prospective clients and the insured. You will be responsible for developing plans to minimize the probability of loss. Other duties that you will perform include providing loss control support to agents and identifying hazards with insured accounts to prevent injury. Additionally, you are also responsible for complying with local, state, and, federal safety regulations.

What does a loan services representative do?

A loan service representative is responsible for communicating and interacting with clients and serves as a back-up or reliever in a company. They are the first person that the client must go through if they want to apply for a loan. Loan representatives monitor and ensure that all data and information is properly documented using a loan processing system. Also, they are the ones who inspect and verify if a company is complying with the transaction rules as well as the loan procedures and regulations.

Loss control representative vs loan services representative salary

Loss control representatives and loan services representatives have different pay scales, as shown below.

	Loss Control Representative	Loan Services Representative
Average salary	$54,279	$38,603
Salary range	Between $28,000 And $102,000	Between $15,000 And $98,000
Highest paying City	New Britain, CT	Baltimore, MD
Highest paying state	Connecticut	New York
Best paying company	AIG	Jersey Shore State Bank
Best paying industry	-	Finance

Differences between loss control representative and loan services representative education

There are a few differences between a loss control representative and a loan services representative in terms of educational background:

	Loss Control Representative	Loan Services Representative
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 47%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Loss control representative vs loan services representative demographics

Here are the differences between loss control representatives' and loan services representatives' demographics:

	Loss Control Representative	Loan Services Representative
Average age	33	42
Gender ratio	Male, 52.9% Female, 47.1%	Male, 26.8% Female, 73.2%
Race ratio	Black or African American, 8.5% Unknown, 7.2% Hispanic or Latino, 14.7% Asian, 4.2% White, 65.0% American Indian and Alaska Native, 0.4%	Black or African American, 11.7% Unknown, 4.4% Hispanic or Latino, 17.0% Asian, 7.1% White, 59.4% American Indian and Alaska Native, 0.4%
LGBT Percentage	7%	7%

Differences between loss control representative and loan services representative duties and responsibilities

Loss control representative example responsibilities.

Manage Facebook and patient communication programs.
Provide supervisor and top management coaching towards reaching their safety, loss prevention and OSHA compliance goals.
Offer foreclosure options such as deed in lieu, loan modification and short sales on their property.
Work closely with customers to formulate and implement safety and health practices in compliance with OSHA and NFPA standards.
Protect company assets through CCTV surveillance and floor work while conducting internal and external investigations.
Enforce loan workouts, forbearance, stipulations, modifications, as well as deed in lieu transactions.

Loan services representative example responsibilities.

Manage customer relations with internal personnel, group administrators, brokers and members as related to Medicare insurance.
Track, compile, and send HUD and VA binders off to respective government agency.
Approve final numbers on HUD closing contract, turn in final sign contract to lender for funding.
Provide research support functions to management and sales representatives on check copies, ACH maintenance and speed-pay income.
Complete address changes, respond to emails, opt out requests, return mail, ACH inquiries and enrollment.
Provide internal and external customers with require foreclosure documents while meeting require deadlines.

Loss control representative vs loan services representative skills

Common loss control representative skills

Customer Service, 22%
OSHA, 8%
Rehabilitation, 7%
Data Entry, 6%
NFPA, 6%
Construction Projects, 5%

Common loan services representative skills

Customer Service, 24%
Loan Payments, 19%
Outbound Calls, 4%
Escrow Accounts, 4%
Mortgage Loans, 3%
ACH, 2%

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Loss Control Representative
Loss Control Representative vs Loan Services Representative

Updated January 8, 2025

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