Post job

Disbursing officer vs consumer loan underwriter

The differences between disbursing 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 disbursing officer and a consumer loan underwriter. Additionally, a consumer loan underwriter has an average salary of $53,525, which is higher than the $33,641 average annual salary of a disbursing officer.

The top three skills for a disbursing officer include financial management, payroll services and treasury. The most important skills for a consumer loan underwriter are financial statements, loan applications, and strong analytical.

Disbursing officer vs consumer loan underwriter overview

Disbursing OfficerConsumer Loan Underwriter
Yearly salary$33,641$53,525
Hourly rate$16.17$25.73
Growth rate4%4%
Number of jobs56,77317,495
Job satisfaction--
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 66%
Average age4545
Years of experience66

Disbursing officer vs consumer loan underwriter salary

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

Disbursing OfficerConsumer Loan Underwriter
Average salary$33,641$53,525
Salary rangeBetween $23,000 And $48,000Between $37,000 And $76,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Marcus & Millichap
Best paying industry-Finance

Differences between disbursing officer and consumer loan underwriter education

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

Disbursing OfficerConsumer Loan Underwriter
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Disbursing officer vs consumer loan underwriter demographics

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

Disbursing OfficerConsumer Loan Underwriter
Average age4545
Gender ratioMale, 59.8% Female, 40.2%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, 63.8% 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 disbursing officer and consumer loan underwriter duties and responsibilities

Disbursing officer example responsibilities.

  • Manage high volumes of financial activity in a fast-pace, risk-base combat environment in Afghanistan.
  • Research and input EFT (electronic funds transfer) information.
  • Collect loan proceeds and deposit funds into escrow accounts.
  • Resolve pay/leave problems in coordination with DFAS payroll offices.
  • Prepare & endorse U.S. Treasury checks for witness fees and death gratuity payments.
  • Execute electronic funds transfers for civilian payroll and issue reports to U.S. Treasury.
  • Show more

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.
  • Show more

Disbursing officer vs consumer loan underwriter skills

Common disbursing officer skills
  • Financial Management, 25%
  • Payroll Services, 14%
  • Treasury, 12%
  • Internal Controls, 6%
  • Financial Aid Funds, 5%
  • Travel Claims, 3%
Common consumer loan underwriter skills
  • Financial Statements, 12%
  • Loan Applications, 11%
  • Strong Analytical, 8%
  • Credit Reports, 7%
  • Credit Decisions, 6%
  • Compliance Reviews, 4%

Browse business and financial jobs