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Personal banking officer vs senior loan officer

The differences between personal banking officers 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 personal banking officer and a senior loan officer. Additionally, a personal banking officer has an average salary of $40,925, which is higher than the $37,162 average annual salary of a senior loan officer.

The top three skills for a personal banking officer include bank products, loan applications and cross-sell. The most important skills for a senior loan officer are customer service, loan applications, and origination.

Personal banking officer vs senior loan officer overview

Personal Banking OfficerSenior Loan Officer
Yearly salary$40,925$37,162
Hourly rate$19.68$17.87
Growth rate4%4%
Number of jobs76,80465,807
Job satisfaction--
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 66%
Average age4545
Years of experience66

Personal banking officer vs senior loan officer salary

Personal banking officers and senior loan officers have different pay scales, as shown below.

Personal Banking OfficerSenior Loan Officer
Average salary$40,925$37,162
Salary rangeBetween $24,000 And $67,000Between $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 personal banking officer and senior loan officer education

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

Personal Banking OfficerSenior Loan Officer
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Personal banking officer vs senior loan officer demographics

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

Personal Banking OfficerSenior Loan Officer
Average age4545
Gender ratioMale, 46.5% Female, 53.5%Male, 69.4% Female, 30.6%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.9% 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 personal banking officer and senior loan officer duties and responsibilities

Personal banking officer example responsibilities.

  • Work one-on-one with clients to gather requirements and identify cross-selling opportunities and leverage customer leads and referrals to identify new prospects.
  • Refer customers to bankers regarding any new accounts, investments, loans, reordering new checks and ATM cards.
  • Cultivate relations with company business partners to identify and maximize cross-sell opportunities.
  • Develop customer base through cross-selling products and servicing existing clients, develop new business through interaction with internal and external resources.
  • Advise clients on financial products and services using knowledge of tax and investment strategies, securities, insurance and pension plans.
  • Perform market analysis and research to identify target markets and partners.

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

Personal banking officer vs senior loan officer skills

Common personal banking officer skills
  • Bank Products, 19%
  • Loan Applications, 16%
  • Cross-Sell, 9%
  • Financial Products, 4%
  • Financial Services, 4%
  • Customer Relationships, 4%
Common senior loan officer skills
  • Customer Service, 15%
  • Loan Applications, 11%
  • Origination, 10%
  • Business Relationships, 5%
  • FHA, 5%
  • Va, 5%

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