Account underwriter vs underwriting consultant

The differences between account underwriters and underwriting consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, an account underwriter has an average salary of $74,374, which is higher than the $71,693 average annual salary of an underwriting consultant.

The top three skills for an account underwriter include risk management, underwriting process and underwriting guidelines. The most important skills for an underwriting consultant are life insurance, national accounts, and underwriting guidelines.

Account underwriter vs underwriting consultant overview

	Account Underwriter	Underwriting Consultant
Yearly salary	$74,374	$71,693
Hourly rate	$35.76	$34.47
Growth rate	-4%	-4%
Number of jobs	56,487	6,804
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 77%
Average age	44	44
Years of experience	-	-

Account underwriter vs underwriting consultant salary

Account underwriters and underwriting consultants have different pay scales, as shown below.

	Account Underwriter	Underwriting Consultant
Average salary	$74,374	$71,693
Salary range	Between $49,000 And $111,000	Between $49,000 And $103,000
Highest paying City	-	Boston, MA
Highest paying state	-	Massachusetts
Best paying company	-	CVS Health
Best paying industry	-	Health Care

Differences between account underwriter and underwriting consultant education

There are a few differences between an account underwriter and an underwriting consultant in terms of educational background:

	Account Underwriter	Underwriting Consultant
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 77%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Account underwriter vs underwriting consultant demographics

Here are the differences between account underwriters' and underwriting consultants' demographics:

	Account Underwriter	Underwriting Consultant
Average age	44	44
Gender ratio	Male, 43.4% Female, 56.6%	Male, 48.2% Female, 51.8%
Race ratio	Black or African American, 9.8% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.1% American Indian and Alaska Native, 0.4%	Black or African American, 9.1% Unknown, 2.5% Hispanic or Latino, 9.7% Asian, 5.7% White, 72.8% American Indian and Alaska Native, 0.4%
LGBT Percentage	9%	9%

Differences between account underwriter and underwriting consultant duties and responsibilities

Account underwriter example responsibilities.

Review individual mortgage origination/post origination documentation and perform database research.
Review individual mortgage origination/post origination documentation and perform database research.

Underwriting consultant example responsibilities.

Risk assessment to achieve profitability on assign book of business through renewal calculations and RFP responses.
Provide evidence and assurance that the credit quality of the portfolio remains within standards establish by senior management.
Review lender appeals to determine if the documentation provide cures the deficiencies.
Direct responsibility for monitoring and auditing lending activity and loan portfolio to ensure compliance with regulations.
Review of appeals; concluding and processing the finalization; communicating the adjustments to the original underwriter for educational purposes.
Monitor performance, to include turn-times, productivity, volume, QC audits on a daily basis.

Account underwriter vs underwriting consultant skills

Common account underwriter skills

Risk Management, 24%
Underwriting Process, 17%
Underwriting Guidelines, 13%
Underwriting Authority, 10%
Financial Analysis, 9%
National Accounts, 6%

Common underwriting consultant skills

Life Insurance, 16%
National Accounts, 10%
Underwriting Guidelines, 9%
Underwriting Decisions, 8%
Underwriting Process, 4%
Underwriting Policies, 4%

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Account Underwriter vs Underwriting Consultant

Updated January 8, 2025

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