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Credit products officer vs senior underwriter

The differences between credit products officers and senior underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a credit products officer has an average salary of $99,608, which is higher than the $69,375 average annual salary of a senior underwriter.

The top three skills for a credit products officer include credit analysis, financial statements and credit quality. The most important skills for a senior underwriter are customer service, portfolio, and underwriting guidelines.

Credit products officer vs senior underwriter overview

Credit Products OfficerSenior Underwriter
Yearly salary$99,608$69,375
Hourly rate$47.89$33.35
Growth rate4%-4%
Number of jobs62,6286,726
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 71%
Average age4544
Years of experience6-

Credit products officer vs senior underwriter salary

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

Credit Products OfficerSenior Underwriter
Average salary$99,608$69,375
Salary rangeBetween $58,000 And $170,000Between $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 credit products officer and senior underwriter education

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

Credit Products OfficerSenior Underwriter
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Credit products officer vs senior underwriter demographics

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

Credit Products OfficerSenior Underwriter
Average age4544
Gender ratioMale, 48.8% Female, 51.2%Male, 42.0% Female, 58.0%
Race ratioBlack or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% 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 Percentage8%9%

Differences between credit products officer and senior underwriter duties and responsibilities

Credit products officer example responsibilities.

  • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
  • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
  • Implement SOX compliance for all AR audit functions.
  • Develop and implement credit and collection polices and controls for Sarbanes-Oxley compliance for the entire corporation and publish across all divisions.

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

Credit products officer vs senior underwriter skills

Common credit products officer skills
  • Credit Analysis, 29%
  • Financial Statements, 20%
  • Credit Quality, 20%
  • Portfolio Management, 15%
  • Credit Approval, 4%
  • Financial Analysis, 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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