How is underwriting analyst different from underwriter position? What is the difference in terms of hour, work load, pay, etc?
What do analysts do that is different from what underwriters do? Do underwriting analysts just analyze the information and report to the underwriters?
"Analyst" is a less experienced underwriter; "Underwriter" is a full underwriter, if that makes sense. In many (most) cases, a full Underwriter has no supervisory role of analysts--they just are put in a back room and told to work (that was basically my life as an underwriter).
Let me add, underwriter is a perfect job for someone who is looking to earn a great living, to not be hassled much at work, and to generally leave their work at the office. If a job is a job for you and not the central aspect of your life, it's an amazing career track, and I think it's why a disproportionate number of U/Ws are women. If you really want to self-actualize at your job and do something you at least feel is meaningful, it's not a great role long-term.
It depends on the organization you come out of, how long you've been at the role, and in what area you specialize, if any. A multifamily analyst (sometimes called "associate") role at a GSE (Fannie, Freddie), a federal behemoth (FHA), or a large, well-known group (Capital One, Prudential, Wells Fargo Multifamily Capital) where you're at for 1-2 years will open up plenty of doors across the spectrum, particularly with multifamily institutions (REITs, developers, lenders, etc.). Once you're a full underwriter, like, underwriting is your exit option unless you jump to a smaller developer.
The reality is, if you progress too far down the line in underwriting you become an underwriter. You may be able to work within a multifamily lending group in the production team (as an originator) or in their treasury department. But underwriting is a career path. It's almost like asking, "What's the exit option of a doctor?"
(Focused on multifamily, because "underwriting analyst" is generally a credit underwriting term used in the multifamily industry, so I assume it's the role you're looking at.)