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Loan processing supervisor vs consumer loan underwriter

The differences between loan processing supervisors 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 processing supervisor and a consumer loan underwriter. Additionally, a consumer loan underwriter has an average salary of $53,525, which is higher than the $35,560 average annual salary of a loan processing supervisor.

The top three skills for a loan processing supervisor include customer service, loan applications and FHA. The most important skills for a consumer loan underwriter are financial statements, loan applications, and strong analytical.

Loan processing supervisor vs consumer loan underwriter overview

Loan Processing SupervisorConsumer Loan Underwriter
Yearly salary$35,560$53,525
Hourly rate$17.10$25.73
Growth rate4%4%
Number of jobs18,89217,495
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 66%
Average age4545
Years of experience66

Loan processing supervisor vs consumer loan underwriter salary

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

Loan Processing SupervisorConsumer Loan Underwriter
Average salary$35,560$53,525
Salary rangeBetween $21,000 And $57,000Between $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 processing supervisor and consumer loan underwriter education

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

Loan Processing SupervisorConsumer Loan Underwriter
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan processing supervisor vs consumer loan underwriter demographics

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

Loan Processing SupervisorConsumer Loan Underwriter
Average age4545
Gender ratioMale, 22.9% Female, 77.1%Male, 42.6% Female, 57.4%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.9% 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 processing supervisor and consumer loan underwriter duties and responsibilities

Loan processing supervisor example responsibilities.

  • Manage a $21MM portfolio of criticize assets to resolve delinquent obligations as determined by the FDIC.
  • Manage the organization's HMDA data and accurately complete the government reporting annually.
  • Submit files to FHA and VA for government insuring.
  • Experience processing FHA, Conv.
  • Ensure timely and consistent communication occur with borrowers and agents from origination to close.
  • Supervise loan personnel at times and interact with various lenders within a local private-own loan origination company.
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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.
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Loan processing supervisor vs consumer loan underwriter skills

Common loan processing supervisor skills
  • Customer Service, 15%
  • Loan Applications, 15%
  • FHA, 7%
  • Va, 7%
  • Origination, 7%
  • Loan Packages, 6%
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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