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Underwriting director vs underwriting manager

The differences between underwriting directors and underwriting managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an underwriting director and an underwriting manager. Additionally, an underwriting director has an average salary of $109,027, which is higher than the $77,426 average annual salary of an underwriting manager.

The top three skills for an underwriting director include portfolio, underwriting policy and product development. The most important skills for an underwriting manager are customer service, portfolio, and risk management.

Underwriting director vs underwriting manager overview

Underwriting DirectorUnderwriting Manager
Yearly salary$109,027$77,426
Hourly rate$52.42$37.22
Growth rate17%17%
Number of jobs7,09144,546
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 73%
Average age4646
Years of experience88

Underwriting director vs underwriting manager salary

Underwriting directors and underwriting managers have different pay scales, as shown below.

Underwriting DirectorUnderwriting Manager
Average salary$109,027$77,426
Salary rangeBetween $77,000 And $152,000Between $50,000 And $119,000
Highest paying City-San Francisco, CA
Highest paying state-New York
Best paying company-W. R. Berkley
Best paying industry-Insurance

Differences between underwriting director and underwriting manager education

There are a few differences between an underwriting director and an underwriting manager in terms of educational background:

Underwriting DirectorUnderwriting Manager
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Underwriting director vs underwriting manager demographics

Here are the differences between underwriting directors' and underwriting managers' demographics:

Underwriting DirectorUnderwriting Manager
Average age4646
Gender ratioMale, 60.3% Female, 39.7%Male, 49.5% Female, 50.5%
Race ratioBlack or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 7.3% White, 65.3% American Indian and Alaska Native, 0.3%Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.6% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between underwriting director and underwriting manager duties and responsibilities

Underwriting director example responsibilities.

  • Supervise staff of 20-30 credit professionals managing an $80 - $100 million A/R portfolio consistently exceeding aging goals.
  • Create FHA platform, complete the required test cases to obtain non supervise lending designation.
  • Review of appeals; concluding and processing the finalization; communicating the adjustments to the original underwriter for educational purposes.
  • Develop underwriting training on ISO and proprietary forms and guidelines for implementation of company strategy.

Underwriting manager example responsibilities.

  • Manage the company underwriting department and coordinate origination efforts within OAIC, Ocwen's REIT.
  • Manage the execution of underwriting, portfolio analysis and account- base decision making in accordance with establish guidelines and processes.
  • Review of government sponsor (FHA, VA, USDA) loans to ensure adherence to specific policies and procedures.
  • Reduce number of loan input errors per file with quality underwrites, in which are further approve by FNMA & FHLMC
  • Direct all underwriting activities in the origination of home equity loans and lines of credit.
  • Train all staff members on successful sales techniques to help facilitate consumer, conventional, FHA, commercial mortgage loans.
  • Show more

Underwriting director vs underwriting manager skills

Common underwriting director skills
  • Portfolio, 11%
  • Underwriting Policy, 11%
  • Product Development, 10%
  • Life Insurance, 8%
  • Underwriting Guidelines, 7%
  • Insurance Products, 5%
Common underwriting manager skills
  • Customer Service, 13%
  • Portfolio, 7%
  • Risk Management, 6%
  • Underwriting Guidelines, 6%
  • Financial Statements, 4%
  • Underwriting Process, 3%

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