Junior Underwriter Salary

Median pay for Junior Underwriters in the United States lies in the neighborhood of $46K per year. Career length and the particular city each impact pay for this group, with the former having the largest influence. Women account for the majority of Junior Underwriters who responded to the questionnaire — 69 percent to be exact. For the most part, Junior Underwriters enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to almost all, and a fair number earn dental coverage. This overview is based on answers to PayScale's salary questionnaire.

$34,438 - $62,655
$34K
$46K
$63K
MEDIAN: $46,008
10%
50%
90%

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$13.78 - $25.96
$14
$19
$26
MEDIAN: $18.69
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
$34,438 - $62,655  
   
Bonus
$5.30 - $9,344  
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).
)
$34,371 - $61,710  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 116
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
$13.78 - $25.96  
   
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
$5.30 - $9,344  
   
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).
)
$34,371 - $61,710  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 33

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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 $74K per year.

Junior Underwriter Job Listings

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Pay by Experience Level for Junior Underwriter

Pay by Experience for a Junior Underwriter has a positive trend. An entry-level Junior Underwriter with less than 5 years of experience can expect to earn an average total compensation of $44,000 based on 116 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Junior Underwriter with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 20 salaries. An experienced Junior Underwriter which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $54,000 based on 21 salaries. A Junior Underwriter with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $50,000 based on 9 salaries.

Related Job Salaries

Key Stats for Junior Underwriter

Gender

Female
69 %
Male
31 %

Job Satisfaction

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

Experience Affects Junior Underwriter Salaries

Experienced
▲18%

Late-Career
▲9%

Mid-Career
▲5%

National Average
$46,000

▼3%

Skills That Affect Junior Underwriter Salaries

Insurance
▲2%

National Average
$46,000

Loan Underwriting
▼2%

Risk Management / Risk Control
▼2%

Mortgage Loans
▼13%

Loan Processing
▼24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 80%
vision benefits
Vision: 64%
no benefits
None: 8%