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Corporate banking officer vs mortgage underwriter

The differences between corporate banking officers and mortgage 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 mortgage underwriter. Additionally, a corporate banking officer has an average salary of $91,218, which is higher than the $55,721 average annual salary of a mortgage underwriter.

The top three skills for a corporate banking officer include cash management, corporate banking and risk management. The most important skills for a mortgage underwriter are customer service, work ethic, and FHA.

Corporate banking officer vs mortgage underwriter overview

Corporate Banking OfficerMortgage Underwriter
Yearly salary$91,218$55,721
Hourly rate$43.85$26.79
Growth rate4%4%
Number of jobs71,7849,260
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 65%
Average age4545
Years of experience66

Corporate banking officer vs mortgage underwriter salary

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

Corporate Banking OfficerMortgage Underwriter
Average salary$91,218$55,721
Salary rangeBetween $58,000 And $141,000Between $38,000 And $80,000
Highest paying CitySan Francisco, CANew York, NY
Highest paying stateWashingtonNew Mexico
Best paying companyWestpacCTBC Bank
Best paying industryFinanceProfessional

Differences between corporate banking officer and mortgage underwriter education

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

Corporate Banking OfficerMortgage Underwriter
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 65%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Corporate banking officer vs mortgage underwriter demographics

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

Corporate Banking OfficerMortgage Underwriter
Average age4545
Gender ratioMale, 63.1% Female, 36.9%Male, 39.3% Female, 60.7%
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, 63.4% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between corporate banking officer and mortgage 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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Mortgage underwriter example responsibilities.

  • Manage AUS findings and analyze approvals and results accordingly.
  • Involve with USDA and NH housing loans.
  • Obtain NMLS license in 2011 and real estate license in 2005.
  • Prepare and respond to compliance HMDA, NMLS, and ECOA relate inquiries.
  • Audit and analyze TIL, GFE and HUD documentation for accuracy to insure compliance.
  • Review MHA and FHA guidelines and calculate proper income to approve or decline loans for a temporary or permanent modification.
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Corporate banking officer vs mortgage 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 mortgage underwriter skills
  • Customer Service, 7%
  • Work Ethic, 6%
  • FHA, 5%
  • Va, 5%
  • Excellent Organizational, 4%
  • Excellent Interpersonal, 4%

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