Get a Salary Report for

- Compare Your Salary
- Evaluate a Job Offer

- Price a New Hire
- Give a Raise

- Benchmark Jobs
- Create a Comp Plan

Loan Underwriter, Mortgage Average Salary

Change Country United Kingdom » Job » Loan Underwriter, Mortgage Overview » Loan Underwriter, Mortgage Salary
Updated: 12 Apr 2014
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
United States (change)
- OR -
Job Satisfaction
We have no job satisfaction data for this job. Do you work as Loan Underwriter, Mortgage?
Follow Us On:
follow us on twitter    linkedin  
Subscribe to Our Newsletter
Salary and career advice to put you a step ahead.
newsletter icon

national salary data
National Employer Data
There is not enough data available to display this chart. Is this your job? Help us build our database by providing information about this job title. Start here.

Loan Underwriter, Mortgage Job Listings

Search for more jobs:
job title / company

Job Description for Loan Underwriter, Mortgage

Mortgage loan underwriters are responsible for approving or rejecting mortgages. To make this decision, the mortgage underwriter must generate a risk report and demonstrate how the contents of the report are within the lender's guidelines for approval, or how the contents of the report fail to meet the guidelines. The first thing that mortgage underwriters do is obtain and review credit reports for prospective debtors. Next, they obtain information from prospective debtors about their income, and possibly their assets and other debts. Afterward, mortgage underwriters will determine what collateral is available that can be used to back the mortgage.

After mortgage underwriters have information on the debtors' credit, ability to repay, and possible collateral, the underwriters will generate reports that sum up the risks posed by offering the prospective debtors the requested mortgages. At this point, the underwriters may write in conditions for the mortgages. After analyzing all of the risks as a whole, the underwriters will then make a decision to either approve or reject the mortgages. However, the job does not end here. In either situation, the underwriters may need to explain the basis of their decisions to the clients, support staff or superiors. Excellent interpersonal skills are necessary to convince individuals who have a different tolerance for risk and who disagree with the mortgage underwriters' decisions.

Mortgage underwriters usually work in an office environment for banks and other lending institutions. The educational requirements vary, but the most important requirements are that the underwriter have appropriate certifications and an in depth understanding of the process and laws related to mortgage underwriting.
Loan Underwriter, Mortgage Tasks
  • Prepare reports based on the results from the risk analysis for use in decision-making.
  • Analyze credit data and financial statements of individuals or firms to determine the risk involved in extending credit or lending money.
Your Loan Underwriter, Mortgage Connections Invite your friends

Please log in with Facebook to see who you know.


company salaries
Companies and Industries for Loan Underwriter, Mortgage Salaries

Popular Employers

Salary Range

There is not enough data available to display this chart.

key statistics
Key Statistics for Loan Underwriter, Mortgage Salaries and Jobs

female alumni
male alumni
Years of Experience
Less than 1 year
1-4 years
5-9 years
20 years or more
Most Common Health Benefits
medical benefits Medical: n/a dental benefits Dental: n/a
vision benefits Vision: 25% employee benefits None: 75%

career news
Recent Blog Posts on Career News

career path Salary Map for Loan Underwriter, Mortgage Jobs

Top Cities by Popularity for Loan Underwriter, Mortgage Jobs

Top Cities by Popularity

Next Steps
Start the survey
- OR -
Sign in with LinkedIn
PayScale Research