Median pay for Junior Underwriters in the United States lies in the neighborhood of $45K per year. Career length and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Most Junior Underwriters survey respondents are women (70 percent). Medical benefits are awarded to a large number, and a fair number earn dental coverage. The numbers in this rundown were provided by PayScale's salary survey participants.

$34,900 - $62,106
$35K
$45K
$62K
MEDIAN: $45,412
10%
50%
90%

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$13.70 - $25.85
$14
$19
$26
MEDIAN: $18.58
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$21K$42K$63K
Salary
$34,900 - $62,106  
   
Bonus
$4.79 - $9,682  
Profit Sharing
$1,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$34,255 - $61,214  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 122
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$13.70 - $25.85  
   
Overtime
$18.64 - $41.11  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$4.79 - $9,682  
   
Profit Sharing
$1,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$34,255 - $61,214  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 36

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United States (change)

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Job Description for Junior Underwriter

A junior underwriter generally work under an underwriter, helping carry out the duties required in determining whether or not a loan should be given. The junior underwriter performs many of the same duties as an underwriter, such as investigating loan eligibility, making decisions on whether or not loans are to be granted, and explaining why a loan was granted or denied as required. Quality checks and reports are often required of a junior underwriter. They also put together documentation, update data, and create reports relating to the loans.

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Junior Underwriter Tasks

  • Assist with underwriting process.
  • Sign off on underwriting conditions.
  • Enter and track information, ensure files are completed.
  • Review and monitor loans.

Common Career Paths for Junior Underwriter


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Junior Underwriters' salaries may rise greatly for those who assume a higher-end position such as a Senior Underwriter. The average Senior Underwriter brings home $73K per year.

Junior Underwriter Job Listings

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Pay by Experience Level for Junior Underwriter

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Relatively untried employees who have less than five years' experience have a median salary of $44K. Those who have been around for five to 10 years can expect to take home more — $48K on average. Junior Underwriters with one to two decades of relevant experience report an average salary of approximately $54K. Junior Underwriters who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $52K.

Related Job Salaries

Key Stats for Junior Underwriter

Gender

Female
70 %
Male
30 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.
055
Less than 1 year
17%
1-4 years
56%
5-9 years
11%
10-19 years
10%
20 years or more
6%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Junior Underwriter Salaries

Experienced
up arrow 18%

Late-Career
up arrow 14%

Mid-Career
up arrow 6%

National Average
$46,000

Entry-Level
up arrow 3%

Skills That Affect Junior Underwriter Salaries

Insurance
up arrow 3%

National Average
$46,000

Loan Underwriting
up arrow 1%

Risk Management / Risk Control
up arrow 1%

Mortgage Loans
up arrow 12%

Loan Processing
up arrow 23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
17%
1-4 years
56%
5-9 years
11%
10-19 years
10%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 79%
vision benefits
Vision: 65%
dental benefits
None: 9%
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