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Corporate banking officer vs consumer loan underwriter

The differences between corporate banking officers and consumer loan underwriters can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a corporate banking officer and a consumer loan underwriter. Additionally, a corporate banking officer has an average salary of $91,218, which is higher than the $53,525 average annual salary of a consumer loan underwriter.

The top three skills for a corporate banking officer include cash management, corporate banking and risk management. The most important skills for a consumer loan underwriter are financial statements, loan applications, and strong analytical.

Corporate banking officer vs consumer loan underwriter overview

Corporate Banking OfficerConsumer Loan Underwriter
Yearly salary$91,218$53,525
Hourly rate$43.85$25.73
Growth rate4%4%
Number of jobs71,78417,495
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 66%
Average age4545
Years of experience66

Corporate banking officer vs consumer loan underwriter salary

Corporate banking officers and consumer loan underwriters have different pay scales, as shown below.

Corporate Banking OfficerConsumer Loan Underwriter
Average salary$91,218$53,525
Salary rangeBetween $58,000 And $141,000Between $37,000 And $76,000
Highest paying CitySan Francisco, CANew York, NY
Highest paying stateWashingtonNew York
Best paying companyWestpacMarcus & Millichap
Best paying industryFinanceFinance

Differences between corporate banking officer and consumer loan underwriter education

There are a few differences between a corporate banking officer and a consumer loan underwriter in terms of educational background:

Corporate Banking OfficerConsumer Loan Underwriter
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 66%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Corporate banking officer vs consumer loan underwriter demographics

Here are the differences between corporate banking officers' and consumer loan underwriters' demographics:

Corporate Banking OfficerConsumer Loan Underwriter
Average age4545
Gender ratioMale, 63.1% Female, 36.9%Male, 42.6% Female, 57.4%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.7% American Indian and Alaska Native, 0.5%Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.5% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between corporate banking officer and consumer loan underwriter duties and responsibilities

Corporate banking officer example responsibilities.

  • Manage a combination of commercial and personal banking relationships, and promote cross-selling across multiple product lines.
  • Complete random audits on vaults, ATM's, cash boxes, and cash machines.
  • Monitor and track securities transactions, fund transfers, margin accounts.
  • Assist in cross selling new treasury services to existing clients in order to increase revenue.
  • Service and fund all daily treasury and corporate credit functions, checking for loan compliance and legal documentation.
  • Supervise end-of-dayprocessing for: teller, vault and ATM cash balancing, wire transfers, overdrafts and checkprocessing.
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Consumer loan underwriter example responsibilities.

  • Ensure proper coding are accomplished by determining the appropriate code in accordance with ICD-9 and CPT guidelines.
  • Innovate technical solutions, including development of complex macros within MSP, to automate work and reduce manual processes
  • Manage a pipeline of fund TRID loans for completeness so they can be deliver and purchase by the required investor.
  • Manage the organization's HMDA data and accurately complete the government reporting annually.
  • Render underwritten decisions and subsequently clear conditions per underwriting policies and procedures, including knowledge of FNMA and FMLMC guidelines.
  • Generate and distribute IRB committee meeting minutes in accordance with appropriate federal regulations.
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Corporate banking officer vs consumer loan underwriter skills

Common corporate banking officer skills
  • Cash Management, 25%
  • Corporate Banking, 23%
  • Risk Management, 8%
  • Client Relationships, 7%
  • Treasury, 7%
  • Loan Portfolio, 5%
Common consumer loan underwriter skills
  • Financial Statements, 12%
  • Loan Applications, 11%
  • Strong Analytical, 8%
  • Credit Reports, 7%
  • Credit Decisions, 6%
  • Compliance Reviews, 4%

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