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Farm loan representative vs mortgage underwriter

The differences between farm loan representatives 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 farm loan representative and a mortgage underwriter. Additionally, a mortgage underwriter has an average salary of $55,721, which is higher than the $44,638 average annual salary of a farm loan representative.

The top three skills for a farm loan representative include customer service, and . The most important skills for a mortgage underwriter are customer service, work ethic, and FHA.

Farm loan representative vs mortgage underwriter overview

Farm Loan RepresentativeMortgage Underwriter
Yearly salary$44,638$55,721
Hourly rate$21.46$26.79
Growth rate4%4%
Number of jobs23,7919,260
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 65%
Average age4545
Years of experience66

Farm loan representative vs mortgage underwriter salary

Farm loan representatives and mortgage underwriters have different pay scales, as shown below.

Farm Loan RepresentativeMortgage Underwriter
Average salary$44,638$55,721
Salary rangeBetween $27,000 And $72,000Between $38,000 And $80,000
Highest paying City-New York, NY
Highest paying state-New Mexico
Best paying company-CTBC Bank
Best paying industry-Professional

Differences between farm loan representative and mortgage underwriter education

There are a few differences between a farm loan representative and a mortgage underwriter in terms of educational background:

Farm Loan RepresentativeMortgage Underwriter
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeNorthwestern UniversityUniversity of Pennsylvania

Farm loan representative vs mortgage underwriter demographics

Here are the differences between farm loan representatives' and mortgage underwriters' demographics:

Farm Loan RepresentativeMortgage Underwriter
Average age4545
Gender ratioMale, 34.4% Female, 65.6%Male, 39.3% Female, 60.7%
Race ratioBlack or African American, 9.4% Unknown, 4.6% Hispanic or Latino, 16.3% Asian, 4.8% White, 64.4% 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 farm loan representative and mortgage underwriter duties and responsibilities

Farm loan representative example responsibilities.

  • Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
  • Interview prospective lenders to for additional services; significantly expand company lender sources in both purchase and refinance markets.
  • Communicate to a small team basic loan restructuring possibilities to assist customers in resolving delinquency and avoiding foreclosure.

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.
  • Show more

Farm loan representative vs mortgage underwriter skills

Common farm loan representative skills
  • Customer Service, 100%
Common mortgage underwriter skills
  • Customer Service, 7%
  • Work Ethic, 6%
  • FHA, 5%
  • Va, 5%
  • Excellent Organizational, 4%
  • Excellent Interpersonal, 4%

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