Credit counselor vs senior underwriter

The differences between credit counselors 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 $40,227 average annual salary of a credit counselor.

The top three skills for a credit counselor include customer service, debt management and outbound calls. The most important skills for a senior underwriter are customer service, portfolio, and underwriting guidelines.

Credit counselor vs senior underwriter overview

	Credit Counselor	Senior Underwriter
Yearly salary	$40,227	$69,375
Hourly rate	$19.34	$33.35
Growth rate	-8%	-4%
Number of jobs	32,221	6,726
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 71%
Average age	45	44
Years of experience	2	-

Credit counselor vs senior underwriter salary

Credit counselors and senior underwriters have different pay scales, as shown below.

	Credit Counselor	Senior Underwriter
Average salary	$40,227	$69,375
Salary range	Between $27,000 And $59,000	Between $44,000 And $108,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	BNY Mellon	Capital Group
Best paying industry	Finance	Insurance

Differences between credit counselor and senior underwriter education

There are a few differences between a credit counselor and a senior underwriter in terms of educational background:

	Credit Counselor	Senior Underwriter
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 71%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit counselor vs senior underwriter demographics

Here are the differences between credit counselors' and senior underwriters' demographics:

	Credit Counselor	Senior Underwriter
Average age	45	44
Gender ratio	Male, 41.2% Female, 58.8%	Male, 42.0% Female, 58.0%
Race ratio	Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% 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%

Differences between credit counselor and senior underwriter duties and responsibilities

Credit counselor example responsibilities.

Manage accounting operations, accounting close, account reporting and reconciliations.
Conduct underwriting reviews on FHA, VA, and other conforming and non-conforming loans within proper authority limits.
Gain thorough knowledge of FDCPA laws.
Complete in-service trainings, CPR training and medication certification course.
Determine services and assistance need through individual counseling for credit cards and for clients that are at risk for foreclosure.
Perform comprehensive financial assessment of homeowners facing financial crisis and at risk of foreclosure.

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.

Credit counselor vs senior underwriter skills

Common credit counselor skills

Customer Service, 19%
Debt Management, 14%
Outbound Calls, 10%
Inbound Calls, 8%
Payment Arrangements, 4%
Credit Reviews, 4%

Common senior underwriter skills

Customer Service, 11%
Portfolio, 8%
Underwriting Guidelines, 5%
Strong Analytical, 4%
SR, 4%
Excellent Interpersonal, 4%

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Credit Counselor vs Senior Underwriter

Updated January 8, 2025

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