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Senior loan processor vs certified medical technician

The differences between senior loan processors and certified medical technicians can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a senior loan processor, becoming a certified medical technician takes usually requires 6-12 months. Additionally, a senior loan processor has an average salary of $50,297, which is higher than the $38,859 average annual salary of a certified medical technician.

The top three skills for a senior loan processor include customer service, FHA and va. The most important skills for a certified medical technician are patients, vital signs, and CPR.

Senior loan processor vs certified medical technician overview

Senior Loan ProcessorCertified Medical Technician
Yearly salary$50,297$38,859
Hourly rate$24.18$18.68
Growth rate4%5%
Number of jobs21,995164,424
Job satisfaction--
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 28%
Average age4544
Years of experience612

What does a senior loan processor do?

A senior loan processor works in a financial institution to solicit, negotiate, and coordinate consumers' and commercial loans. Old loan processors must review and verify loan documents and ensure that the required documents are complete and accurate. In the case of missing documentation, senior loan processors must communicate with customers to avoid loan approval delay. Old loan processors must also obtain a bachelor's degree in finance, business administration, or any other related field.

What does a certified medical technician do?

Certified Medical Technicians are specialists in medical diagnoses by performing laboratory testing and analysis for hospitals and physicians. Their duties include lab sanitization to prepare for testing and collection, recording medical samples for testing, specimen preparation, blood drawing for donation and testing, and assisting physicians with sample collection as well as equipment handling in surgical rooms. They must also understand how to use complex and sensitive testing equipment such as cell counters, analyzers, microscopes, and centrifuges.

Senior loan processor vs certified medical technician salary

Senior loan processors and certified medical technicians have different pay scales, as shown below.

Senior Loan ProcessorCertified Medical Technician
Average salary$50,297$38,859
Salary rangeBetween $33,000 And $75,000Between $28,000 And $53,000
Highest paying CityBaltimore, MDDenton, TX
Highest paying stateHawaiiAlaska
Best paying companyAccentureFavorite Healthcare Staffing
Best paying industryProfessionalHealth Care

Differences between senior loan processor and certified medical technician education

There are a few differences between a senior loan processor and a certified medical technician in terms of educational background:

Senior Loan ProcessorCertified Medical Technician
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 28%
Most common majorBusinessNursing
Most common collegeUniversity of PennsylvaniaUniversity of Connecticut

Senior loan processor vs certified medical technician demographics

Here are the differences between senior loan processors' and certified medical technicians' demographics:

Senior Loan ProcessorCertified Medical Technician
Average age4544
Gender ratioMale, 23.0% Female, 77.0%Male, 20.4% Female, 79.6%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.3% White, 63.6% American Indian and Alaska Native, 0.5%Black or African American, 15.9% Unknown, 5.0% Hispanic or Latino, 14.6% Asian, 10.0% White, 53.8% American Indian and Alaska Native, 0.8%
LGBT Percentage8%8%

Differences between senior loan processor and certified medical technician duties and responsibilities

Senior loan processor example responsibilities.

  • Work knowledge of underwriting requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors.
  • Monitor compliance with the regulatory and secondary markets guidelines with FNMA, FHLMC, VA, FHA investors and PMI loans.
  • Process conforming, non-conforming, FHA, and VA files from the time of application to the day of funding.
  • Analyze all pertinent financial and credit data to determine the loan risk for bank, VA, and investor guidelines.
  • Process, close, and perform preliminary underwriting on conventional, FHA, and VA loans retail purchase and refinance.
  • Create charts and client files using calyx system.
  • Show more

Certified medical technician example responsibilities.

  • Maintain the cleanliness of storage areas, trays, centrifuges, refrigerators, freezers and work area.
  • Administer medications to patients according to their medication record as scheduled, as needed according to physician orders.
  • Perform laboratory test and procedures in areas including chemistry, hematology, urinalysis, coagulation, serology, and bacteriology.
  • Perform first aid and apply CPR when necessary.
  • Perform first aid or CPR during medical emergencies until paramedics arrive.
  • Assist the residents in their ADL needs and prepare their meals.
  • Show more

Senior loan processor vs certified medical technician skills

Common senior loan processor skills
  • Customer Service, 14%
  • FHA, 8%
  • Va, 8%
  • Property Appraisals, 6%
  • Calculate Income, 6%
  • Loan Applications, 6%
Common certified medical technician skills
  • Patients, 17%
  • Vital Signs, 12%
  • CPR, 8%
  • Administer Medications, 7%
  • Resident Care, 6%
  • HIPAA, 6%

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