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Real estate clerk vs real estate loan officer

The differences between real estate clerks and real estate loan officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a real estate clerk, becoming a real estate loan officer takes usually requires 4-6 years. Additionally, a real estate loan officer has an average salary of $90,206, which is higher than the $40,410 average annual salary of a real estate clerk.

The top three skills for a real estate clerk include data entry, real estate loans and title commitments. The most important skills for a real estate loan officer are real estate loans, mortgage loans, and business development.

Real estate clerk vs real estate loan officer overview

Real Estate ClerkReal Estate Loan Officer
Yearly salary$40,410$90,206
Hourly rate$19.43$43.37
Growth rate-5%4%
Number of jobs83,65482,581
Job satisfaction--
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 66%
Average age4745
Years of experience26

Real estate clerk vs real estate loan officer salary

Real estate clerks and real estate loan officers have different pay scales, as shown below.

Real Estate ClerkReal Estate Loan Officer
Average salary$40,410$90,206
Salary rangeBetween $29,000 And $55,000Between $56,000 And $144,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between real estate clerk and real estate loan officer education

There are a few differences between a real estate clerk and a real estate loan officer in terms of educational background:

Real Estate ClerkReal Estate Loan Officer
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Real estate clerk vs real estate loan officer demographics

Here are the differences between real estate clerks' and real estate loan officers' demographics:

Real Estate ClerkReal Estate Loan Officer
Average age4745
Gender ratioMale, 27.1% Female, 72.9%Male, 54.6% Female, 45.4%
Race ratioBlack or African American, 9.7% Unknown, 4.7% Hispanic or Latino, 19.5% Asian, 7.5% White, 57.5% American Indian and Alaska Native, 1.1%Black or African American, 8.4% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 64.0% American Indian and Alaska Native, 0.5%
LGBT Percentage6%8%

Differences between real estate clerk and real estate loan officer duties and responsibilities

Real estate clerk example responsibilities.

  • Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
  • Prepare HUD's for branches and new home builders.
  • Draft various legal documents, including subpoenas, objections, and legal memoranda.
  • Maintain patient medications in a secure environment inventory and record all incoming medications to maintain patient confidentiality per HIPPA requirements.
  • Prepare HUD and real estate closing statements.
  • Enter FHA data from preliminary reports & deed of trust on to documents for borrowers.
  • Show more

Real estate loan officer example responsibilities.

  • Manage a multifacete commercial real estate investment firm.
  • Supervise loan from origination and application through processing and final disposition.
  • Complete origination documents, obtain necessary signatures and deliver complete loan package to processing.
  • Schedule property website implementation from template, update internet/social media advertising, and handle MLS entry.
  • Train to use a mortgage calculator and experience using calyx point.

Real estate clerk vs real estate loan officer skills

Common real estate clerk skills
  • Data Entry, 32%
  • Real Estate Loans, 13%
  • Title Commitments, 11%
  • Computer System, 9%
  • Telephone Calls, 5%
  • Legal Research, 5%
Common real estate loan officer skills
  • Real Estate Loans, 19%
  • Mortgage Loans, 8%
  • Business Development, 7%
  • Escrow, 7%
  • Financial Products, 6%
  • Financial Statements, 5%

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