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The differences between post closers 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 post closer and a loan assistant. Additionally, a post closer has an average salary of $38,045, which is higher than the $36,962 average annual salary of a loan assistant.
The top three skills for a post closer include loan packages, post-closer and FHA. The most important skills for a loan assistant are customer service, loan applications, and mortgage loans.
| Post Closer | Loan Assistant | |
| Yearly salary | $38,045 | $36,962 |
| Hourly rate | $18.29 | $17.77 |
| Growth rate | -3% | -3% |
| Number of jobs | 10,407 | 8,923 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 41% | Bachelor's Degree, 51% |
| Average age | 42 | 42 |
| Years of experience | 4 | 4 |
Post closers require an associate degree or certification in addition to 1-3 years of related experience. Skills in customer support, document review, loan processing, quality assurance processing, and loan software are also necessary for this career. Port closers assist with the mortgage loan closing process by reviewing loan documents for compliance, completeness, and accuracy. They also find missing information, prepare files and provide internal and external customer support.
Loan assistants act as support primarily to loan officers in preparing, reviewing, and verifying account documentation pertinent to loans. Also, ensuring the completeness of the loan files and that all collateral has been properly secured. In addition, loan assistants update collateral values on commercial and residential real estate loans as assigned by senior management. They stay within the guidelines established by bank policy and maintain the highest level of confidentiality with all information obtained.
Post closers and loan assistants have different pay scales, as shown below.
| Post Closer | Loan Assistant | |
| Average salary | $38,045 | $36,962 |
| Salary range | Between $29,000 And $48,000 | Between $28,000 And $47,000 |
| Highest paying City | San Ramon, CA | Olympia, WA |
| Highest paying state | California | Washington |
| Best paying company | Amplify Credit Union | University of California, Berkeley |
| Best paying industry | Insurance | Finance |
There are a few differences between a post closer and a loan assistant in terms of educational background:
| Post Closer | Loan Assistant | |
| Most common degree | Bachelor's Degree, 41% | Bachelor's Degree, 51% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between post closers' and loan assistants' demographics:
| Post Closer | Loan Assistant | |
| Average age | 42 | 42 |
| Gender ratio | Male, 21.6% Female, 78.4% | Male, 18.2% Female, 81.8% |
| Race ratio | Black or African American, 13.4% Unknown, 4.2% Hispanic or Latino, 16.7% Asian, 6.6% White, 58.6% American Indian and Alaska Native, 0.4% | 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% |