What Does a Senior Loan Officer Do?

In this section, we take a look at the annual salaries of other professions. Take closer for example. On average, the closers annual salary is $7,871 lower than what senior loan officers make on average every year.

Even though senior loan officers and closers have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require customer service, fha, and va in the day-to-day roles.

There are some key differences in responsibilities as well. For example, a senior loan officer responsibilities require skills like "loan applications," "origination," "business relationships," and "sr." Meanwhile a typical closer has skills in areas such as "cleanliness," "punctuality," "dependability," and "food orders." This difference in skills reveals how truly different these two careers really are.

The education levels that closers earn is a bit different than that of senior loan officers. In particular, closers are 3.6% less likely to graduate with a Master's Degree than a senior loan officer. Additionally, they're 0.0% less likely to earn a Doctoral Degree.

Now we're going to look at the loan consultant profession. On average, loan consultants earn a $1,714 higher salary than senior loan officers a year.

While the salary may be different for these job positions, there is one similarity and that's a few of the skills needed to perform certain duties. We used info from lots of resumes to find that both senior loan officers and loan consultants are known to have skills such as "customer service," "loan applications," and "origination. "

But both careers also use different skills, according to real senior loan officer resumes. While senior loan officer responsibilities can utilize skills like "va," "sr," "loan programs," and "nmls," some loan consultants use skills like "inbound calls," "customer relationships," "financial products," and "student loans."

It's been discovered that loan consultants earn higher salaries compared to senior loan officers, but we wanted to find out where loan consultants earned the most pay. The answer? The finance industry. The average salary in the industry is $38,289. Additionally, senior loan officers earn the highest paychecks in the finance with an average salary of $36,884.

On the topic of education, loan consultants earn similar levels of education than senior loan officers. In general, they're 0.1% less likely to graduate with a Master's Degree and 0.0% less likely to earn a Doctoral Degree.

The mortgage underwriter profession generally makes a higher amount of money when compared to the average salary of senior loan officers. The difference in salaries is mortgage underwriters making $18,559 higher than senior loan officers.

Using senior loan officers and mortgage underwriters resumes, we found that both professions have similar skills such as "customer service," "origination," and "fha," but the other skills required are very different.

As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from senior loan officers resumes, they are more likely to have skills like "loan applications," "business relationships," "sr," and "loan programs." But a mortgage underwriter might have skills like "work ethic," "excellent organizational," "excellent interpersonal," and "financial statements."

Additionally, mortgage underwriters earn a higher salary in the professional industry compared to other industries. In this industry, they receive an average salary of $70,618. Additionally, senior loan officers earn an average salary of $36,884 in the finance industry.

When it comes to education, mortgage underwriters tend to earn similar education levels than senior loan officers. In fact, they're 0.5% more likely to earn a Master's Degree, and 0.4% more likely to graduate with a Doctoral Degree.

Mortgage consultants tend to earn a higher pay than senior loan officers by about $1,772 per year.

While both senior loan officers and mortgage consultants complete day-to-day tasks using similar skills like customer service, origination, and business relationships, the two careers also vary in other skills.

Even though a few skill sets overlap, there are some differences that are important to note. For one, a senior loan officer might have more use for skills like "loan applications," "va," "sr," and "loan programs." Meanwhile, some mortgage consultants might include skills like "bank products," "financial data," "cross-selling," and "credit history" on their resume.

Mortgage consultants earn a higher salary in the finance industry with an average of $36,576. Whereas, senior loan officers earn the highest salary in the finance industry.

Mortgage consultants reach similar levels of education when compared to senior loan officers. The difference is that they're 0.1% more likely to earn a Master's Degree less, and 0.1% more likely to graduate with a Doctoral Degree.