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Junior Underwriter Salary

Earnings for Junior Underwriters in the United States come in at around $45K per year on average. Geography and experience level each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Junior Underwriters like their work and job satisfaction is high. Female Junior Underwriters are more common than men among those who completed the survey; more than half (67 percent) are women. The information for this snapshot was generated by responses to the PayScale salary survey.

$34,381 - $60,822
(Median)
$34K
$45K
$61K
MEDIAN: $45,104
10%
50%
90%

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$13.06 - $21.27
(Median)
$13
$17
$21
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$21K$42K$63K
Salary
$34,381 - $60,822  
   
Bonus
$0.00 - $5,817  
Profit Sharing
$1,000 - $1,965  
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).
)
$31,627 - $60,555  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 116
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$12$24$36
Hourly Rate
$13.06 - $21.27  
   
Overtime
$18.00 - $35.00  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Bonus
$0.00 - $5,817  
   
Profit Sharing
$1,000 - $1,965  
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).
)
$31,627 - $60,555  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 37

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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

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

Junior Underwriter Job Listings

Jobs by Simply Hired
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Professional skills reported by Junior Underwriters are few in number. Loan Underwriting and Loan Processing are considered valuable skills and can increase employee pay. Loan Processing and Loan Underwriting, on the other hand, are typically associated with much lower pay.

Pay by Experience Level for Junior Underwriter

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


For Junior Underwriters, more experience in the field does not usually mean bigger paychecks. Salaries for inexperienced workers average out to $45K, and those with five to 10 years' experience earn a higher median of $42K. People with 10 to 20 years of experience make an average of about $48K in this role. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $49K.

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United States (change)

Experience Affects Junior Underwriter Salaries

Late-Career
up arrow 12%

Experienced
up arrow 8%

Mid-Career
up arrow 1%

National Average
$44,000

Entry-Level
up arrow 4%

Skills That Affect Junior Underwriter Salaries

National Average
$44,000

Loan Underwriting
up arrow 20%

Loan Processing
up arrow 21%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 25 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
12%
1-4 years
50%
5-9 years
14%
10-19 years
18%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 78%
vision benefits Vision: 72% employee benefits None: 11%
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