Post job

Farm loan representative vs senior underwriter

The differences between farm loan representatives 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 $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 senior underwriter are customer service, portfolio, and underwriting guidelines.

Farm loan representative vs senior underwriter overview

Farm Loan RepresentativeSenior Underwriter
Yearly salary$44,638$69,375
Hourly rate$21.46$33.35
Growth rate4%-4%
Number of jobs23,7916,726
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 71%
Average age4544
Years of experience6-

Farm loan representative vs senior underwriter salary

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

Farm Loan RepresentativeSenior Underwriter
Average salary$44,638$69,375
Salary rangeBetween $27,000 And $72,000Between $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 farm loan representative and senior underwriter education

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

Farm Loan RepresentativeSenior Underwriter
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeNorthwestern UniversityUniversity of Pennsylvania

Farm loan representative vs senior underwriter demographics

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

Farm Loan RepresentativeSenior Underwriter
Average age4544
Gender ratioMale, 34.4% Female, 65.6%Male, 42.0% Female, 58.0%
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, 9.3% 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 farm loan representative and senior 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.

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

Farm loan representative vs senior underwriter skills

Common farm loan representative skills
  • Customer Service, 100%
Common senior underwriter skills
  • Customer Service, 11%
  • Portfolio, 8%
  • Underwriting Guidelines, 5%
  • Strong Analytical, 4%
  • SR, 4%
  • Excellent Interpersonal, 4%

Browse business and financial jobs