Mortgage clerk vs loan assistant

The differences between mortgage clerks and loan assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a mortgage clerk and a loan assistant. Additionally, a loan assistant has an average salary of $36,962, which is higher than the $31,722 average annual salary of a mortgage clerk.

The top three skills for a mortgage clerk include data entry, outbound calls and real estate. The most important skills for a loan assistant are customer service, loan applications, and mortgage loans.

Mortgage clerk vs loan assistant overview

	Mortgage Clerk	Loan Assistant
Yearly salary	$31,722	$36,962
Hourly rate	$15.25	$17.77
Growth rate	-3%	-3%
Number of jobs	69,111	8,923
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 51%
Average age	42	42
Years of experience	4	4

Mortgage clerk vs loan assistant salary

Mortgage clerks and loan assistants have different pay scales, as shown below.

	Mortgage Clerk	Loan Assistant
Average salary	$31,722	$36,962
Salary range	Between $25,000 And $40,000	Between $28,000 And $47,000
Highest paying City	Highlands Ranch, CO	Olympia, WA
Highest paying state	Maryland	Washington
Best paying company	Kelly Services	University of California, Berkeley
Best paying industry	Finance	Finance

Differences between mortgage clerk and loan assistant education

There are a few differences between a mortgage clerk and a loan assistant in terms of educational background:

	Mortgage Clerk	Loan Assistant
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 51%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Mortgage clerk vs loan assistant demographics

Here are the differences between mortgage clerks' and loan assistants' demographics:

	Mortgage Clerk	Loan Assistant
Average age	42	42
Gender ratio	Male, 25.5% Female, 74.5%	Male, 18.2% Female, 81.8%
Race ratio	Black or African American, 12.9% Unknown, 4.6% Hispanic or Latino, 13.9% Asian, 7.3% White, 60.8% American Indian and Alaska Native, 0.5%	Black or African American, 12.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 7.4% White, 60.2% American Indian and Alaska Native, 0.4%
LGBT Percentage	7%	7%

Differences between mortgage clerk and loan assistant duties and responsibilities

Mortgage clerk example responsibilities.

Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
Insure government loans utilizing VA and FHA website.
Team player with imaging area and completing deliver FNMA, PNC.
Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
Process and underwrite conventional purchase and refinance mortgage transactions primarily under FHLMC guidelines in a centralize regional operations center.

Loan assistant example responsibilities.

Keep the ATM balance and fill.
General teller duties, responsible for balancing cash drawer, ATM, vault.
Background in commercial real estate lending, A/R lending, SBA, construction loans, and consumer lending.
Iprocess all NSF returns including and not limit to checks, ACH, chargebacks and all cash items.
Request and work with all SBA offices for loan documents as needed for disputes or proof of debt request.
Support streamlined document management for residential mortgage origination company.

Mortgage clerk vs loan assistant skills

Common mortgage clerk skills

Data Entry, 68%
Outbound Calls, 9%
Real Estate, 4%
Telephone Calls, 4%
Tax Payments, 2%
Computer System, 2%

Common loan assistant skills

Customer Service, 19%
Loan Applications, 9%
Mortgage Loans, 7%
Financial Statements, 5%
Order Appraisals, 5%
Data Entry, 4%