Loan Underwriter, Mortgage at Wells Fargo Home Mortgage Salary

Average Mortgage Loan Underwriters at Wells Fargo Home Mortgage make around $62K annually. Most people in this profession are content with their work, and moderate levels of job satisfaction are reported. Men working as Mortgage Loan Underwriters at Wells Fargo Home Mortgage who took the survey just slightly outnumber women at 57 percent. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance. The data in this summary comes from the PayScale salary survey.

$39,624 - $83,643
$40K
$62K
$84K
MEDIAN: $61,869
10%
50%
90%

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$21.16 - $32.71
$24
MEDIAN: $24.14
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$32K$64K$96K
Salary
$39,624 - $83,643  
   
Bonus
$5,119 - $22,468  
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).
)
$40,231 - $95,761  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 23
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$21$42$63
Hourly Rate
$24.14  
   
Overtime
$31.29 - $61.66  
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$50K$100K$150K
Bonus
$5,119 - $22,468  
   
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).
)
$40,231 - $95,761  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 9

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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.


Respondents with less than five years' experience take home $52K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $65K. Mortgage Loan Underwriters at Wells Fargo Home Mortgage bring in $63K after working for 10 to 20 years. Mortgage Loan Underwriters at Wells Fargo Home Mortgage who have spent more than 20 years on the job report earning a significantly higher median of $75K.

Key Stats for Loan Underwriter, Mortgage

Gender

Female
43 %
Male
57 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.
Less than 1 year
3%
1-4 years
31%
5-9 years
31%
10-19 years
25%
20 years or more
9%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Underwriter, Mortgage Salaries

Late-Career
▲21%

Mid-Career
▲4%

Experienced
▲1%

National Average
$62,000

▼16%

Skills That Affect Loan Underwriter, Mortgage Salaries


National Average
$62,000


Financial Analysis
▼9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
3%
1-4 years
31%
5-9 years
31%
10-19 years
25%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 97%
dental benefits
Dental: 80%
vision benefits
Vision: 80%
dental benefits
None: 3%
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