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Commercial mortgage broker vs senior underwriter

The differences between commercial mortgage brokers and senior underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial mortgage broker has an average salary of $126,099, which is higher than the $69,375 average annual salary of a senior underwriter.

The top three skills for a commercial mortgage broker include real estate transactions, lenders and commercial property. The most important skills for a senior underwriter are customer service, portfolio, and underwriting guidelines.

Commercial mortgage broker vs senior underwriter overview

Commercial Mortgage BrokerSenior Underwriter
Yearly salary$126,099$69,375
Hourly rate$60.62$33.35
Growth rate4%-4%
Number of jobs31,8206,726
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 71%
Average age4544
Years of experience6-

Commercial mortgage broker vs senior underwriter salary

Commercial mortgage brokers and senior underwriters have different pay scales, as shown below.

Commercial Mortgage BrokerSenior Underwriter
Average salary$126,099$69,375
Salary rangeBetween $89,000 And $176,000Between $44,000 And $108,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Capital Group
Best paying industry-Insurance

Differences between commercial mortgage broker and senior underwriter education

There are a few differences between a commercial mortgage broker and a senior underwriter in terms of educational background:

Commercial Mortgage BrokerSenior Underwriter
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commercial mortgage broker vs senior underwriter demographics

Here are the differences between commercial mortgage brokers' and senior underwriters' demographics:

Commercial Mortgage BrokerSenior Underwriter
Average age4544
Gender ratioMale, 77.2% Female, 22.8%Male, 42.0% Female, 58.0%
Race ratioBlack or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.1% 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 Percentage8%9%

Differences between commercial mortgage broker and senior underwriter duties and responsibilities

Commercial mortgage broker example responsibilities.

  • Analyze and support development and execution of underwriting, automation and operational strategies to efficiently and effectively manage the portfolio.
  • Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
  • Originate residential prime, sub-prime, and commercial mortgages.

Senior underwriter example responsibilities.

  • Manage AUS findings and analyze approvals and results accordingly.
  • Perform underwriter approval/declines on FHA, VA, FmHA and conventional loan applications providing financing for one-to-four family residential properties.
  • Fix and n variable annuities.
  • Check for the accuracy and proper recording of UCC filings and mortgages.
  • Order and review flood searches, title reports, UCC searches, appraisals, insurance policies and binders, and contracts.
  • Review preliminary HUD-1 for accuracy.
  • Show more

Commercial mortgage broker vs senior underwriter skills

Common commercial mortgage broker skills
  • Real Estate Transactions, 20%
  • Lenders, 11%
  • Commercial Property, 10%
  • Real Estate Brokers, 10%
  • Client Relationships, 8%
  • Commercial Loans, 6%
Common senior underwriter skills
  • Customer Service, 11%
  • Portfolio, 8%
  • Underwriting Guidelines, 5%
  • Strong Analytical, 4%
  • SR, 4%
  • Excellent Interpersonal, 4%

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