An average Mortgage Loan Underwriter at Wells Fargo Home Mortgage can expect to take home roughly $62K annually. Most people who answered the questionnaire are men; 63 percent of Mortgage Loan Underwriters at Wells Fargo Home Mortgage are male. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a fair number. Most people on this career path report moderate levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$40,547 - $81,900
(Median)
$41K
$62K
$82K
MEDIAN: $61,868
10%
50%
90%

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$18.13 - $24.71
(Median)
$
$23
$
MEDIAN: $23.00
50%

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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$29K$58K$87K
Salary
$40,547 - $81,900  
   
Bonus
$5,072 - $21,331  
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).
)
$39,472 - $86,605  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 21
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$19$38$57
Hourly Rate
$23.19  
   
Overtime
$47.51  
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$29K$58K$87K
Bonus
$5,072 - $21,331  
   
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).
)
$39,472 - $86,605  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 8

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Pay by Experience Level for Loan Underwriter, Mortgage

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


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Relatively untried employees who have less than five years' experience make $49K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $63K. Mortgage Loan Underwriters at Wells Fargo Home Mortgage bring in $67K after working for 10 to 20 years. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $75K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Underwriter, Mortgage Salaries

Late-Career
up arrow 24%

Experienced
up arrow 11%

Mid-Career
up arrow 4%

National Average
$60,000


Skills That Affect Loan Underwriter, Mortgage Salaries


National Average
$60,000

Loan Underwriting
up arrow 1%

Financial Analysis
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
3%
1-4 years
38%
5-9 years
28%
10-19 years
24%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 78%
medical benefits
Vision: 78%
dental benefits
None: 4%
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