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The differences between underwriters and quality control auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an underwriter has an average salary of $61,751, which is higher than the $35,806 average annual salary of a quality control auditor.
The top three skills for an underwriter include customer service, investor guidelines and mortgage loans. The most important skills for a quality control auditor are quality control audits, quality checks, and FHA.
| Underwriter | Quality Control Auditor | |
| Yearly salary | $61,751 | $35,806 |
| Hourly rate | $29.69 | $17.21 |
| Growth rate | -4% | 6% |
| Number of jobs | 8,510 | 98,389 |
| Job satisfaction | 3 | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 47% |
| Average age | 44 | 44 |
| Years of experience | - | - |
An underwriter's duties depend on the line of work or industry involved, such as mortgage companies, insurance, or lending firms. However, an Underwriter's responsibility will mainly revolve around using their extensive expertise on how a company will achieve financial gains, and assessing the possible financial risks of a client by reviewing various aspects to determine their capacity to uphold monetary obligations. Most of the time, the Underwriter's tasks will also involve evaluating a client's credit history, health, assets, overall financial history.
A quality control auditor is in charge of auditing and evaluating quality control procedures to ensure operations adhere to company standards and budgets. Most quality control auditors work in manufacturing companies or warehouses where their responsibilities include conducting research and analysis to develop test structures for quality control, reviewing documentation and specifications, monitoring the performance of the workforce, performing risk assessments, and maintaining records. There are also times when a quality control auditor develops reports and presents them to managers, along with recommendations against vulnerable areas.
Underwriters and quality control auditors have different pay scales, as shown below.
| Underwriter | Quality Control Auditor | |
| Average salary | $61,751 | $35,806 |
| Salary range | Between $39,000 And $96,000 | Between $24,000 And $53,000 |
| Highest paying City | Boston, MA | Paterson, NJ |
| Highest paying state | Massachusetts | New Jersey |
| Best paying company | Stifel Financial | |
| Best paying industry | Manufacturing | Finance |
There are a few differences between an underwriter and a quality control auditor in terms of educational background:
| Underwriter | Quality Control Auditor | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 47% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between underwriters' and quality control auditors' demographics:
| Underwriter | Quality Control Auditor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.4% Female, 61.6% | Male, 42.3% Female, 57.7% |
| Race ratio | Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.7% American Indian and Alaska Native, 0.4% | Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 12.2% White, 64.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 9% | 7% |