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The differences between mortgage analysts 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 $32,763 average annual salary of a mortgage analyst.
The top three skills for a mortgage analyst include origination, financial statements and excellent organizational. The most important skills for a personal lines underwriter are insurance policies, underwriting decisions, and loss ratio.
| Mortgage Analyst | Personal Lines Underwriter | |
| Yearly salary | $32,763 | $69,706 |
| Hourly rate | $15.75 | $33.51 |
| Growth rate | 4% | -4% |
| Number of jobs | 22,208 | 19,754 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 64% |
| Average age | 39 | 44 |
| Years of experience | 2 | - |
Mortgage analysts are financial professionals who are responsible for executing mortgage or loan applications by assessing financial risks and rewards. These analysts are required to analyze the financial and supporting documents on incoming applications to determine whether they are consistent with the internal and insurer policies. They must determine their borrowers' creditworthiness by evaluating property values based on appraised market prices. Mortgage analysts should also collaborate with credit bureaus and reporting agencies to investigate the credit ratings of loan applicants.
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.
Mortgage analysts and personal lines underwriters have different pay scales, as shown below.
| Mortgage Analyst | Personal Lines Underwriter | |
| Average salary | $32,763 | $69,706 |
| Salary range | Between $13,000 And $77,000 | Between $43,000 And $111,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Citi | Capital Group |
| Best paying industry | - | Insurance |
There are a few differences between a mortgage analyst and a personal lines underwriter in terms of educational background:
| Mortgage Analyst | Personal Lines Underwriter | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between mortgage analysts' and personal lines underwriters' demographics:
| Mortgage Analyst | Personal Lines Underwriter | |
| Average age | 39 | 44 |
| Gender ratio | Male, 54.1% Female, 45.9% | Male, 43.1% Female, 56.9% |
| Race ratio | Black or African American, 8.2% Unknown, 2.7% Hispanic or Latino, 9.8% Asian, 9.6% White, 69.3% American Indian and Alaska Native, 0.3% | 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 | 11% | 9% |