A Senior Underwriter earns an average salary of $76,959 per year. A skill in Sales is associated with high pay for this job. For the first five to ten years in this position, pay increases modestly, but any additional experience does not have a big effect on pay.
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$54,475 - $103,851
(Median)
$54K
$77K
$100K
MEDIAN: $76,959
10%
50%
90%

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$17.89 - $42.07
(Median)
$18
$31
$42
MEDIAN: $30
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$50K$100K$150K
Salary
$54,475 - $103,851  
   
Bonus
$1,472 - $19,589  
Profit Sharing
$0.00 - $11,562  
Commission
$12,208  
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).
)
$55,275 - $114,701  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,100
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$25$50$75
Hourly Rate
$17.89 - $42.07  
   
Hourly Tips
$0.43  
Overtime
$28.28 - $64.08  
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
$1,472 - $19,589  
   
Commission
$12,208  
Profit Sharing
$0.00 - $11,562  
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).
)
$55,275 - $114,701  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 63
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Job Description for Senior Underwriter

Senior underwriters analyze new loan applications to determine whether an applicant should be administered a loan. They may analyze the ability to pay, credit score, and how much is being requested, and the submitted information should be verified during this process. It's also important to determine whether the application fulfills certain parameters of various loans.

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Senior Underwriter Tasks

  • Structure products to meet clients' needs.
  • Evaluate collateral and ensure portfolio credit quality.
  • Assess eligibility of clients' applications to receive capital, insurance, mortgage, or credit.

Common Career Paths for Senior Underwriter


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Senior Underwriter Job Listings

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Popular Employer Salaries for Senior Underwriter

Popular Skills for Senior Underwriter

Pay by Experience Level for Senior Underwriter

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

Pay Difference by Location

National Average: $80,576

Larger city markers indicate a job is popular in that location.

Senior Underwriter Reviews

What is it like working as a Senior Underwriter at The Travelers Companies, Inc.?

Senior Underwriter in New York:
"I am able to provide a valuable service to my customers,"
Pros: Providing high level service to the customer.
Cons: The time it takes to provide that service, even with the new technology.

Related Job Salaries

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Experience Affects Senior Underwriter Salaries



National Average
$81,000



Skills That Affect Senior Underwriter Salaries

Sales
up arrow 18%


Underwriting
up arrow 5%

Financial Analysis
up arrow 3%

Insurance
up arrow 2%

Customer Relationship Management (CRM)
up arrow 2%

Risk Management / Risk Control
0%

Data Analysis
0%

National Average
$81,000

Loan Underwriting
up arrow 2%

Mortgage Loans
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 182 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
0%
1-4 years
7%
5-9 years
27%
10-19 years
39%
20 years or more
27%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 86%
medical benefits
Vision: 75%
dental benefits
None: 7%
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