Underwriter, Commercial Real Estate Salary

Pay for Commercial Real Estate Underwriters in the United States sits in the ballpark of $73K annually. Geography is the biggest factor affecting pay for this group, followed by career length. Most Commercial Real Estate Underwriters like their work and job satisfaction is high. There are more male Commercial Real Estate Underwriters than female among those who completed the questionnaire, making up 63 percent. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$46,832 - $110,604
$47K
$73K
$110K
MEDIAN: $72,820
10%
50%
90%

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$15.31 - $32.00
$15
$18
$32
MEDIAN: $18.35
10%
50%
90%

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$0$122K
Salary $46,832 - $110,604
Bonus $1,622 - $24,703
Profit Sharing $983
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).
)
$41,337 - $122,429
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 101
Hourly Data $0$45
Hourly Rate $15.31 - $32.00
Overtime $32.19
Annual Data $0$122K
Bonus $1,622 - $24,703
Profit Sharing $983
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).
)
$41,337 - $122,429
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 14

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United States (change)

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Job Description for Underwriter, Commercial Real Estate

Underwriters in commercial real estate are tasked with advising loan- and credit-providers regarding the worthiness of borrowers for loans, and they must analyze all information related to a loan request in order to make these recommendations. These reviews include reading and examining financial records, available collateral, and creditworthiness of a prospective borrower, which is a commercial company or business rather than an individual.

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Underwriter, Commercial Real Estate Tasks

  • Review, analyze, and conduct risk assessment of commercial properties, business entities, and clients' financial profiles.
  • Assist loan officers with audits, credit examinations, and risk ratings and verify loan documentation accuracy.
  • Assist in loan closing activities, identifying and recommending actions for clients to limit risk factors.
  • Review appraisals, property inspections, and environmental reports to assess and identify property risk factors.

Underwriter, Commercial Real Estate Job Listings

Pay by Experience Level for Underwriter, Commercial Real Estate

Pay by Experience for an Underwriter, Commercial Real Estate has a positive trend. An entry-level Underwriter, Commercial Real Estate with less than 5 years of experience can expect to earn an average total compensation of $57,000 based on 71 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Underwriter, Commercial Real Estate with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $84,000 based on 41 salaries. An experienced Underwriter, Commercial Real Estate which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $94,000 based on 36 salaries. An Underwriter, Commercial Real Estate with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $93,000 based on 14 salaries.

Pay Difference by Location

National Average: $73,158

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

For Commercial Real Estate Underwriters, busy Seattle offers a higher-than-average pay rate, 57 percent above the national average. Commercial Real Estate Underwriters will also find cushy salaries in New York (+39 percent) and Los Angeles (+18 percent). Trailing the national average by 13 percent, Dallas is the market with the smallest paychecks.

Related Job Salaries

Key Stats for Underwriter, Commercial Real Estate

Gender

Female
38 %
Male
63 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.
Less than 1 year
4%
1-4 years
39%
5-9 years
21%
10-19 years
24%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriter, Commercial Real Estate Salaries

▲29%

▲28%

▲15%

National Average
$73,000

▼23%

Skills That Affect Underwriter, Commercial Real Estate Salaries

Real Estate
▲31%



National Average
$73,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.

Gender

Female
38 %
Male
63 %

Years of Experience

Less than 1 year
4%
1-4 years
39%
5-9 years
21%
10-19 years
24%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 81%
vision benefits
Vision: 75%
no benefits
None: 5%
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