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The differences between appraisers and underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, an underwriter has an average salary of $61,751, which is higher than the $42,223 average annual salary of an appraiser.
The top three skills for an appraiser include commercial property, appraisal reports and customer service. The most important skills for an underwriter are customer service, investor guidelines, and mortgage loans.
| Appraiser | Underwriter | |
| Yearly salary | $42,223 | $61,751 |
| Hourly rate | $20.30 | $29.69 |
| Growth rate | 7% | -4% |
| Number of jobs | 1,186 | 8,510 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 66% |
| Average age | 49 | 44 |
| Years of experience | 4 | - |
An appraiser is someone who assesses the monetary value of a property such as an automobile, real property, and personal claim. His/Her or her responsibilities include resolving disparities between a property's monetary values and preparing narrative reports for projects. The essential skills that an appraiser should possess to accomplish such responsibilities include a keen eye for details, strong communication, analytical, and problem-solving skills, and the ability to work under pressure. The education requirements for the job vary depending on the area of focus.
An underwriter's duties depend on the line of work or industry involved, such as mortgage companies, insurance, or lending firms. However, an Underwriter's responsibility will mainly revolve around using their extensive expertise on how a company will achieve financial gains, and assessing the possible financial risks of a client by reviewing various aspects to determine their capacity to uphold monetary obligations. Most of the time, the Underwriter's tasks will also involve evaluating a client's credit history, health, assets, overall financial history.
Appraisers and underwriters have different pay scales, as shown below.
| Appraiser | Underwriter | |
| Average salary | $42,223 | $61,751 |
| Salary range | Between $29,000 And $59,000 | Between $39,000 And $96,000 |
| Highest paying City | San Mateo, CA | Boston, MA |
| Highest paying state | California | Massachusetts |
| Best paying company | City National Bank | |
| Best paying industry | Insurance | Manufacturing |
There are a few differences between an appraiser and an underwriter in terms of educational background:
| Appraiser | Underwriter | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between appraisers' and underwriters' demographics:
| Appraiser | Underwriter | |
| Average age | 49 | 44 |
| Gender ratio | Male, 67.8% Female, 32.2% | Male, 38.4% Female, 61.6% |
| Race ratio | Black or African American, 4.6% Unknown, 3.9% Hispanic or Latino, 6.8% Asian, 2.9% White, 81.5% American Indian and Alaska Native, 0.4% | Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.7% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 9% |