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Loan examiner vs consumer loan underwriter

The differences between loan examiners 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 loan examiner and a consumer loan underwriter. Additionally, a loan examiner has an average salary of $61,785, which is higher than the $53,525 average annual salary of a consumer loan underwriter.

The top three skills for a loan examiner include credit risk, credit quality and internal controls. The most important skills for a consumer loan underwriter are financial statements, loan applications, and strong analytical.

Loan examiner vs consumer loan underwriter overview

Loan ExaminerConsumer Loan Underwriter
Yearly salary$61,785$53,525
Hourly rate$29.70$25.73
Growth rate4%4%
Number of jobs10,80517,495
Job satisfaction--
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 66%
Average age4545
Years of experience66

Loan examiner vs consumer loan underwriter salary

Loan examiners and consumer loan underwriters have different pay scales, as shown below.

Loan ExaminerConsumer Loan Underwriter
Average salary$61,785$53,525
Salary rangeBetween $44,000 And $86,000Between $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 loan examiner and consumer loan underwriter education

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

Loan ExaminerConsumer Loan Underwriter
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan examiner vs consumer loan underwriter demographics

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

Loan ExaminerConsumer Loan Underwriter
Average age4545
Gender ratioMale, 59.0% Female, 41.0%Male, 42.6% Female, 57.4%
Race ratioBlack or African American, 10.4% Unknown, 4.7% Hispanic or Latino, 14.4% Asian, 5.7% White, 64.3% 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 loan examiner and consumer loan underwriter duties and responsibilities

Loan examiner example responsibilities.

  • Innovate technical solutions, including development of complex macros within MSP, to automate work and reduce manual processes
  • Blood collection by venipuncture and capillary technique ensure all specimens are collect accurately, on time and according to establish procedures.
  • Determine document validity base on HUD requirements.

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

Loan examiner vs consumer loan underwriter skills

Common loan examiner skills
  • Credit Risk, 27%
  • Credit Quality, 23%
  • Internal Controls, 18%
  • Consumer Complaints, 14%
  • Problem Loans, 9%
  • Compliance Examinations, 9%
Common consumer loan underwriter skills
  • Financial Statements, 12%
  • Loan Applications, 11%
  • Strong Analytical, 8%
  • Credit Reports, 7%
  • Credit Decisions, 6%
  • Compliance Reviews, 4%

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