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Lending services manager vs underwriting manager

The differences between lending services managers and underwriting managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a lending services manager and an underwriting manager. Additionally, a lending services manager has an average salary of $85,258, which is higher than the $77,426 average annual salary of an underwriting manager.

The top three skills for a lending services manager include loan applications, loan portfolio and performance reviews. The most important skills for an underwriting manager are customer service, portfolio, and risk management.

Lending services manager vs underwriting manager overview

Lending Services ManagerUnderwriting Manager
Yearly salary$85,258$77,426
Hourly rate$40.99$37.22
Growth rate17%17%
Number of jobs110,19144,546
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 73%
Average age4646
Years of experience88

Lending services manager vs underwriting manager salary

Lending services managers and underwriting managers have different pay scales, as shown below.

Lending Services ManagerUnderwriting Manager
Average salary$85,258$77,426
Salary rangeBetween $48,000 And $148,000Between $50,000 And $119,000
Highest paying City-San Francisco, CA
Highest paying state-New York
Best paying company-W. R. Berkley
Best paying industry-Insurance

Differences between lending services manager and underwriting manager education

There are a few differences between a lending services manager and an underwriting manager in terms of educational background:

Lending Services ManagerUnderwriting Manager
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Lending services manager vs underwriting manager demographics

Here are the differences between lending services managers' and underwriting managers' demographics:

Lending Services ManagerUnderwriting Manager
Average age4646
Gender ratioMale, 59.7% Female, 40.3%Male, 49.5% Female, 50.5%
Race ratioBlack or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.3% White, 64.0% American Indian and Alaska Native, 0.3%Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.6% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between lending services manager and underwriting manager duties and responsibilities

Lending services manager example responsibilities.

  • Manage the execution of underwriting, portfolio analysis and account- base decision making in accordance with establish guidelines and processes.
  • Develop team of newly hire underwriters through transition from one origination channel and methodology to another.
  • Obtain new payroll clients and generate referrals by promoting value-base solutions that address specific business needs within a define geographical region.
  • Maintain organize work area and balance cash drawer and ATM on a daily basis.
  • Work directly with consumers as well as real estate agents, CPA's and attorneys.

Underwriting manager example responsibilities.

  • Manage the company underwriting department and coordinate origination efforts within OAIC, Ocwen's REIT.
  • Manage the execution of underwriting, portfolio analysis and account- base decision making in accordance with establish guidelines and processes.
  • Review of government sponsor (FHA, VA, USDA) loans to ensure adherence to specific policies and procedures.
  • Reduce number of loan input errors per file with quality underwrites, in which are further approve by FNMA & FHLMC
  • Direct all underwriting activities in the origination of home equity loans and lines of credit.
  • Train all staff members on successful sales techniques to help facilitate consumer, conventional, FHA, commercial mortgage loans.
  • Show more

Lending services manager vs underwriting manager skills

Common lending services manager skills
  • Loan Applications, 11%
  • Loan Portfolio, 5%
  • Performance Reviews, 5%
  • Credit Risk, 4%
  • Commercial Banking, 4%
  • Real Estate, 4%
Common underwriting manager skills
  • Customer Service, 13%
  • Portfolio, 7%
  • Risk Management, 6%
  • Underwriting Guidelines, 6%
  • Financial Statements, 4%
  • Underwriting Process, 3%

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