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Senior mortgage consultant vs mortgage underwriter

The differences between senior mortgage consultants 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 senior mortgage consultant and a mortgage underwriter. Additionally, a mortgage underwriter has an average salary of $55,721, which is higher than the $37,351 average annual salary of a senior mortgage consultant.

The top three skills for a senior mortgage consultant include origination, bank products and customer service. The most important skills for a mortgage underwriter are customer service, work ethic, and FHA.

Senior mortgage consultant vs mortgage underwriter overview

Senior Mortgage ConsultantMortgage Underwriter
Yearly salary$37,351$55,721
Hourly rate$17.96$26.79
Growth rate4%4%
Number of jobs15,9619,260
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 65%
Average age4545
Years of experience66

Senior mortgage consultant vs mortgage underwriter salary

Senior mortgage consultants and mortgage underwriters have different pay scales, as shown below.

Senior Mortgage ConsultantMortgage Underwriter
Average salary$37,351$55,721
Salary rangeBetween $23,000 And $60,000Between $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 senior mortgage consultant and mortgage underwriter education

There are a few differences between a senior mortgage consultant and a mortgage underwriter in terms of educational background:

Senior Mortgage ConsultantMortgage Underwriter
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior mortgage consultant vs mortgage underwriter demographics

Here are the differences between senior mortgage consultants' and mortgage underwriters' demographics:

Senior Mortgage ConsultantMortgage Underwriter
Average age4545
Gender ratioMale, 71.3% Female, 28.7%Male, 39.3% Female, 60.7%
Race ratioBlack 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, 9.2% 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 senior mortgage consultant and mortgage underwriter duties and responsibilities

Senior mortgage consultant example responsibilities.

  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Originate and process mortgage loans (FHA, VA, conforming and non-conforming loans).
  • Full accountability for loan origination, underwriting and servicing, successfully cultivating a large and intensely-loyal client base.
  • Price out loans, retrieve and submit RESPA & income documentation to the bank (s).
  • Negotiate an exclusive marketing agreement with 2 REMAX offices and a builder that generate over 1.5 million/month in FHA business.
  • Establish communication with escrow officers, processors, loan officers and underwriter regarding loan status and/or missing information.
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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.
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Senior mortgage consultant vs mortgage underwriter skills

Common senior mortgage consultant skills
  • Origination, 9%
  • Bank Products, 8%
  • Customer Service, 7%
  • SR, 7%
  • Product Knowledge, 7%
  • Customer Satisfaction, 6%
Common mortgage underwriter skills
  • Customer Service, 7%
  • Work Ethic, 6%
  • FHA, 5%
  • Va, 5%
  • Excellent Organizational, 4%
  • Excellent Interpersonal, 4%

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