What is the difference between an insurance underwriter & mortgage underwriter?
Besides the obvious companies they work for, what is sold, policies and that one offers insurance and one offers loans….
IS there work tasks and procedures essentially closely related? Which is in higher demand for employment, which has less turn over rates, which pays more?
The tasks are completely different because the products are completely different, so the procedures must be different.
These days, there’s more call for insurance underwriters, because the housing sales market has fallen. Additionally, since Obama is talking about making it illegal for banks to foreclose, the natural result of that, is that they’ll flat out stop making mortgages, as no one will have ANY incentive to pay their mortgage!! And the housing market will further fall.
http://www.salary.com for average salaries.