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The differences between agricultural loan officers and senior underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior underwriter has an average salary of $69,375, which is higher than the $43,755 average annual salary of an agricultural loan officer.
The top three skills for an agricultural loan officer include loan portfolio, financial statements and loan committee. The most important skills for a senior underwriter are customer service, portfolio, and underwriting guidelines.
| Agricultural Loan Officer | Senior Underwriter | |
| Yearly salary | $43,755 | $69,375 |
| Hourly rate | $21.04 | $33.35 |
| Growth rate | 4% | -4% |
| Number of jobs | 65,430 | 6,726 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 71% |
| Average age | 45 | 44 |
| Years of experience | 6 | - |
An agricultural loan officer provides loan assistance to people in the agricultural sector. Farmers, fishers, and livestock owners all need steady funds for their operations, and the variable nature of the agricultural sector may threaten to end their businesses. An agricultural loan officer assesses potential recipients, determines their needs, and determines the total cost required to continue their businesses' operations. This position requires good communication skills, high organization, and strong background knowledge of social work.
A senior underwriter is responsible for evaluating the eligibility of an applicant for loan application processing. Senior underwriters verify the applicant's information, including their credit score and other valid documents, ensuring that the applicant fulfills the loan application's parameters. They check the applicant's portfolios and provide them the next necessary steps and the alternatives for loan types. A senior underwriter must have excellent knowledge of the loan processes and underwriting procedures to analyze applications and make accurate decisions.
Agricultural loan officers and senior underwriters have different pay scales, as shown below.
| Agricultural Loan Officer | Senior Underwriter | |
| Average salary | $43,755 | $69,375 |
| Salary range | Between $29,000 And $65,000 | Between $44,000 And $108,000 |
| Highest paying City | San Bernardino, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | GPAC | Capital Group |
| Best paying industry | - | Insurance |
There are a few differences between an agricultural loan officer and a senior underwriter in terms of educational background:
| Agricultural Loan Officer | Senior Underwriter | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 71% |
| Most common major | Agriculture | Business |
| Most common college | Pennsylvania State University | University of Pennsylvania |
Here are the differences between agricultural loan officers' and senior underwriters' demographics:
| Agricultural Loan Officer | Senior Underwriter | |
| Average age | 45 | 44 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 42.0% Female, 58.0% |
| Race ratio | Black or African American, 10.4% Unknown, 4.7% Hispanic or Latino, 12.3% Asian, 7.0% White, 65.1% American Indian and Alaska Native, 0.5% | Black or African American, 9.3% Unknown, 2.5% Hispanic or Latino, 9.4% Asian, 5.6% White, 72.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 9% |