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The differences between senior credit analysts and loan originators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a senior credit analyst, becoming a loan originator takes usually requires 4-6 years. Additionally, a senior credit analyst has an average salary of $86,364, which is higher than the $41,291 average annual salary of a loan originator.
The top three skills for a senior credit analyst include credit analysis, customer service and real estate. The most important skills for a loan originator are customer service, origination, and FHA.
| Senior Credit Analyst | Loan Originator | |
| Yearly salary | $86,364 | $41,291 |
| Hourly rate | $41.52 | $19.85 |
| Growth rate | 17% | 4% |
| Number of jobs | 15,221 | 10,716 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 61% |
| Average age | 39 | 45 |
| Years of experience | 2 | 6 |
A senior credit analyst is responsible for reviewing the loan applications of an individual and organization, determining their eligibility by evaluating their credit scores and financial history. Senior credit analysts assess the applicant's capability to pay according to terms and conditions and loan payment plans. They submit recommendation reports of qualified applicants for further investigation and have them submit additional documents as needed. A senior credit analyst decides on credit limits and may provide the applicants' loan and credit alternatives, requiring them to have excellent knowledge of the financial industry and loan options.
A Loan Originator is a potential liaison between borrowers and lenders. They help borrowers complete loan applications and evaluate which loans are most appropriate for the customers.
Senior credit analysts and loan originators have different pay scales, as shown below.
| Senior Credit Analyst | Loan Originator | |
| Average salary | $86,364 | $41,291 |
| Salary range | Between $59,000 And $125,000 | Between $28,000 And $60,000 |
| Highest paying City | White Plains, NY | New York, NY |
| Highest paying state | New York | South Dakota |
| Best paying company | Apple | Centennial Bank |
| Best paying industry | Finance | Transportation |
There are a few differences between a senior credit analyst and a loan originator in terms of educational background:
| Senior Credit Analyst | Loan Originator | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior credit analysts' and loan originators' demographics:
| Senior Credit Analyst | Loan Originator | |
| Average age | 39 | 45 |
| Gender ratio | Male, 54.6% Female, 45.4% | Male, 54.0% Female, 46.0% |
| Race ratio | Black or African American, 8.3% Unknown, 2.7% Hispanic or Latino, 9.9% Asian, 10.0% White, 68.8% American Indian and Alaska Native, 0.3% | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 8% |