Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between loan originators and personal lines underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a personal lines underwriter has an average salary of $69,706, which is higher than the $41,291 average annual salary of a loan originator.
The top three skills for a loan originator include customer service, origination and FHA. The most important skills for a personal lines underwriter are insurance policies, underwriting decisions, and loss ratio.
| Loan Originator | Personal Lines Underwriter | |
| Yearly salary | $41,291 | $69,706 |
| Hourly rate | $19.85 | $33.51 |
| Growth rate | 4% | -4% |
| Number of jobs | 10,716 | 19,754 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| Average age | 45 | 44 |
| Years of experience | 6 | - |
A Loan Originator is a potential liaison between borrowers and lenders. They help borrowers complete loan applications and evaluate which loans are most appropriate for the customers.
A personal lines underwriter works at insurance companies to ensure that clients are eligible to receive insurance services. Their responsibilities include gathering and analyzing insurance applications, verifying client information, studying financial histories and occupational risks, and conducting interviews. They may also perform clerical support tasks such as preparing and processing documents, handling calls and correspondence, and updating databases. Moreover, a personal lines underwriter typically works in a team setting, which requires an active communication line for a smooth and efficient workflow.
Loan originators and personal lines underwriters have different pay scales, as shown below.
| Loan Originator | Personal Lines Underwriter | |
| Average salary | $41,291 | $69,706 |
| Salary range | Between $28,000 And $60,000 | Between $43,000 And $111,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | South Dakota | New York |
| Best paying company | Centennial Bank | Capital Group |
| Best paying industry | Transportation | Insurance |
There are a few differences between a loan originator and a personal lines underwriter in terms of educational background:
| Loan Originator | Personal Lines Underwriter | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between loan originators' and personal lines underwriters' demographics:
| Loan Originator | Personal Lines Underwriter | |
| Average age | 45 | 44 |
| Gender ratio | Male, 54.0% Female, 46.0% | Male, 43.1% Female, 56.9% |
| Race ratio | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5% | Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.8% Asian, 5.7% White, 72.5% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 9% |