Underwriter vs sponsor

The differences between underwriters and sponsors 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 $51,039 average annual salary of a sponsor.

The top three skills for an underwriter include customer service, investor guidelines and mortgage loans. The most important skills for a sponsor are patients, leadership, and mathematics.

Underwriter vs sponsor overview

	Underwriter	Sponsor
Yearly salary	$61,751	$51,039
Hourly rate	$29.69	$24.54
Growth rate	-4%	8%
Number of jobs	8,510	2,062
Job satisfaction	3	-
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 66%
Average age	44	42
Years of experience	-	4

Underwriter vs sponsor salary

Underwriters and sponsors have different pay scales, as shown below.

	Underwriter	Sponsor
Average salary	$61,751	$51,039
Salary range	Between $39,000 And $96,000	Between $31,000 And $84,000
Highest paying City	Boston, MA	-
Highest paying state	Massachusetts	-
Best paying company	Google	-
Best paying industry	Manufacturing	-

Differences between underwriter and sponsor education

There are a few differences between an underwriter and a sponsor in terms of educational background:

	Underwriter	Sponsor
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 66%
Most common major	Business	Education
Most common college	University of Pennsylvania	Northwestern University

Underwriter vs sponsor demographics

Here are the differences between underwriters' and sponsors' demographics:

	Underwriter	Sponsor
Average age	44	42
Gender ratio	Male, 38.4% Female, 61.6%	Male, 40.1% Female, 59.9%
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, 10.1% Unknown, 5.1% Hispanic or Latino, 11.9% Asian, 5.3% White, 67.0% American Indian and Alaska Native, 0.6%
LGBT Percentage	9%	12%

Differences between underwriter and sponsor duties and responsibilities

Underwriter example responsibilities.

Attain Jr. underwriter status and AUS underwriting authority.
Manage AUS findings and analyze approvals and results accordingly.
Complete initial review of appraisals, borrower credit documents, and DU/LP findings according to Fannie Mae and investor guidelines.
Research and develop SBA program.
Work on project putting together HPR policy.
Resolve issues preventing final disposition of REO properties.

Sponsor example responsibilities.

Lead information management, collaboration, CRM, and business intelligence initiatives.
Review CRF's for comparison to SAE reports.
Co-Found school's chapter of a national mathematics honor society.
Prepare and submit SAE information to sponsor, prepare patient inform consents.
Correspond with field CRAs (sponsor and CRO) to ensure efficacy of study.
Organize fundraisers, whole class activities, service projects, prom, and project graduation.

Underwriter vs sponsor skills

Common underwriter skills

Customer Service, 11%
Investor Guidelines, 6%
Mortgage Loans, 5%
Underwriting Guidelines, 5%
Financial Statements, 4%
FHA, 3%

Common sponsor skills

Patients, 28%
Leadership, 21%
Mathematics, 8%
CPR, 6%
Co-Sponsor, 5%
Financial Statements, 3%