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The differences between loan review analysts 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 $42,678 average annual salary of a loan review analyst.
The top three skills for a loan review analyst include financial statements, loan documentation and real estate. The most important skills for a senior underwriter are customer service, portfolio, and underwriting guidelines.
| Loan Review Analyst | Senior Underwriter | |
| Yearly salary | $42,678 | $69,375 |
| Hourly rate | $20.52 | $33.35 |
| Growth rate | 4% | -4% |
| Number of jobs | 26,042 | 6,726 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 71% |
| Average age | 45 | 44 |
| Years of experience | 6 | - |
A loan review analyst is a person who evaluates all credit documents and information needed. They are responsible for gaining approval and maintaining compliance under the credit or loan guidelines. A loan revies analyst prepares needed loan reports with the necessary information for approval and decision making. Furthermore, they are the ones who are assessing credit structures. Often, this career is for someone who has experience in credit analysis and assessment.
A senior underwriter is responsible for evaluating the eligibility of an applicant for loan application processing. Senior underwriters verify the applicant's information, including their credit score and other valid documents, ensuring that the applicant fulfills the loan application's parameters. They check the applicant's portfolios and provide them the next necessary steps and the alternatives for loan types. A senior underwriter must have excellent knowledge of the loan processes and underwriting procedures to analyze applications and make accurate decisions.
Loan review analysts and senior underwriters have different pay scales, as shown below.
| Loan Review Analyst | Senior Underwriter | |
| Average salary | $42,678 | $69,375 |
| Salary range | Between $25,000 And $72,000 | Between $44,000 And $108,000 |
| Highest paying City | Parsippany-Troy Hills, NJ | New York, NY |
| Highest paying state | Washington | New York |
| Best paying company | CFA Institute | Capital Group |
| Best paying industry | Finance | Insurance |
There are a few differences between a loan review analyst and a senior underwriter in terms of educational background:
| Loan Review Analyst | Senior Underwriter | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between loan review analysts' and senior underwriters' demographics:
| Loan Review Analyst | Senior Underwriter | |
| Average age | 45 | 44 |
| Gender ratio | Male, 37.7% Female, 62.3% | Male, 42.0% Female, 58.0% |
| Race ratio | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.3% 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 Percentage | 8% | 9% |