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Loan examiner vs senior underwriter

The differences between loan examiners 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 $61,785 average annual salary of a loan examiner.

The top three skills for a loan examiner include credit risk, credit quality and internal controls. The most important skills for a senior underwriter are customer service, portfolio, and underwriting guidelines.

Loan examiner vs senior underwriter overview

Loan ExaminerSenior Underwriter
Yearly salary$61,785$69,375
Hourly rate$29.70$33.35
Growth rate4%-4%
Number of jobs10,8056,726
Job satisfaction--
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 71%
Average age4544
Years of experience6-

Loan examiner vs senior underwriter salary

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

Loan ExaminerSenior Underwriter
Average salary$61,785$69,375
Salary rangeBetween $44,000 And $86,000Between $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 loan examiner and senior underwriter education

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

Loan ExaminerSenior Underwriter
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan examiner vs senior underwriter demographics

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

Loan ExaminerSenior Underwriter
Average age4544
Gender ratioMale, 59.0% Female, 41.0%Male, 42.0% Female, 58.0%
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, 9.3% 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 loan examiner and senior 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.

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

Loan examiner vs senior 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 senior underwriter skills
  • Customer Service, 11%
  • Portfolio, 8%
  • Underwriting Guidelines, 5%
  • Strong Analytical, 4%
  • SR, 4%
  • Excellent Interpersonal, 4%

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