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Loan supervisor vs mortgage underwriter

The differences between loan supervisors and mortgage 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 supervisor and a mortgage underwriter. Additionally, a loan supervisor has an average salary of $67,504, which is higher than the $55,721 average annual salary of a mortgage underwriter.

The top three skills for a loan supervisor include customer service, real estate and financial statements. The most important skills for a mortgage underwriter are customer service, work ethic, and FHA.

Loan supervisor vs mortgage underwriter overview

Loan SupervisorMortgage Underwriter
Yearly salary$67,504$55,721
Hourly rate$32.45$26.79
Growth rate4%4%
Number of jobs9,6069,260
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 65%
Average age4545
Years of experience66

Loan supervisor vs mortgage underwriter salary

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

Loan SupervisorMortgage Underwriter
Average salary$67,504$55,721
Salary rangeBetween $46,000 And $98,000Between $38,000 And $80,000
Highest paying City-New York, NY
Highest paying state-New Mexico
Best paying company-CTBC Bank
Best paying industry-Professional

Differences between loan supervisor and mortgage underwriter education

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

Loan SupervisorMortgage Underwriter
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Loan supervisor vs mortgage underwriter demographics

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

Loan SupervisorMortgage Underwriter
Average age4545
Gender ratioMale, 36.4% Female, 63.6%Male, 39.3% Female, 60.7%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.5% 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, 63.4% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between loan supervisor and mortgage underwriter duties and responsibilities

Loan supervisor example responsibilities.

  • Manage loan origination underwriting and funding teams for dealer and consumer financial products and services.
  • Receive loans originate by multiple loan officers, gather all necessary documentation and submit complete underwriting packages to lenders.
  • Analyze mortgagors for approval of HAMP or traditional modification.

Mortgage underwriter example responsibilities.

  • Manage AUS findings and analyze approvals and results accordingly.
  • Involve with USDA and NH housing loans.
  • Obtain NMLS license in 2011 and real estate license in 2005.
  • Prepare and respond to compliance HMDA, NMLS, and ECOA relate inquiries.
  • Audit and analyze TIL, GFE and HUD documentation for accuracy to insure compliance.
  • Review MHA and FHA guidelines and calculate proper income to approve or decline loans for a temporary or permanent modification.
  • Show more

Loan supervisor vs mortgage underwriter skills

Common loan supervisor skills
  • Customer Service, 14%
  • Real Estate, 13%
  • Financial Statements, 9%
  • Escrow, 7%
  • Mortgage Loans, 6%
  • Direct Reports, 5%
Common mortgage underwriter skills
  • Customer Service, 7%
  • Work Ethic, 6%
  • FHA, 5%
  • Va, 5%
  • Excellent Organizational, 4%
  • Excellent Interpersonal, 4%

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