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Loan processing supervisor vs senior underwriter

The differences between loan processing supervisors 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 $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 senior underwriter are customer service, portfolio, and underwriting guidelines.

Loan processing supervisor vs senior underwriter overview

Loan Processing SupervisorSenior Underwriter
Yearly salary$35,560$69,375
Hourly rate$17.10$33.35
Growth rate4%-4%
Number of jobs18,8926,726
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 71%
Average age4544
Years of experience6-

Loan processing supervisor vs senior underwriter salary

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

Loan Processing SupervisorSenior Underwriter
Average salary$35,560$69,375
Salary rangeBetween $21,000 And $57,000Between $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 processing supervisor and senior underwriter education

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

Loan Processing SupervisorSenior Underwriter
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan processing supervisor vs senior underwriter demographics

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

Loan Processing SupervisorSenior Underwriter
Average age4544
Gender ratioMale, 22.9% Female, 77.1%Male, 42.0% Female, 58.0%
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, 9.3% 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 processing supervisor and senior 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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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.
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Loan processing supervisor vs senior underwriter skills

Common loan processing supervisor skills
  • Customer Service, 15%
  • Loan Applications, 15%
  • FHA, 7%
  • Va, 7%
  • Origination, 7%
  • Loan Packages, 6%
Common senior underwriter skills
  • Customer Service, 11%
  • Portfolio, 8%
  • Underwriting Guidelines, 5%
  • Strong Analytical, 4%
  • SR, 4%
  • Excellent Interpersonal, 4%

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