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Loan Underwriter, Mortgage Salary

The average salary for a Loan Underwriter, Mortgage is $57,984 per year.
$39,469 - $77,021
(Median)
39K
46K
58K
69K
77K
MEDIAN: $57,983
10%
25%
50%
75%
90%

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$16.01 - $34.95
(Median)
16
19
25
30
35
MEDIAN: $24.00
10%
25%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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$27K$54K$81K
Salary
$39,469 - $77,021  
   
Bonus
$0.00 - $12,094  
Profit Sharing
$150.00 - $3,561  
Commission
$590 - $10,682  
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).
)
$39,705 - $80,683  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,208
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$19$38$57
Hourly Rate
$16.01 - $34.95  
   
Overtime
$24.35 - $54.87  
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$50K$100K$150K
Bonus
$0.00 - $12,094  
   
Commission
$590 - $10,682  
Profit Sharing
$150.00 - $3,561  
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).
)
$39,705 - $80,683  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 277
United States (change)

Job Description for Loan Underwriter, Mortgage

Mortgage loan underwriters are responsible for approving or rejecting mortgages. To make this decision, the mortgage underwriter must generate a risk report and demonstrate how the contents of the report are within the lender's guidelines for approval, or how the contents of the report fail to meet the guidelines. The first thing that mortgage underwriters do is obtain and review credit reports for prospective debtors. Next, they obtain information from prospective debtors about their income, and possibly their assets and other debts. Afterward, mortgage underwriters will determine what collateral is available that can be used to back the mortgage.

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Loan Underwriter, Mortgage Tasks

  • Prepare reports based on the results from the risk analysis for use in decision-making.
  • Analyze credit data and financial statements of individuals or firms to determine the risk involved in extending credit or lending money.

Common Career Paths for Loan Underwriter, Mortgage


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Loan Underwriter, Mortgage Job Listings

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Popular Employer Salaries for Loan Underwriter, Mortgage

Popular Skills for Loan Underwriter, Mortgage

Pay by Experience Level for Loan Underwriter, Mortgage

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

Pay Difference by Location

Related Job Salaries

Experience Affects Loan Underwriter, Mortgage Salaries



National Average
$59,000



Skills That Affect Loan Underwriter, Mortgage Salaries


Financial Analysis
up arrow 4%

Mortgage Loans
up arrow 3%

National Average
$59,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 230 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
20%
10-19 years
30%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 77%
vision benefits Vision: 63% employee benefits None: 13%