Underwriter, Commercial Real Estate Salary

Earnings for Commercial Real Estate Underwriters in the United States come in at around $73K annually on average. Residence is the biggest factor affecting pay for this group, followed by tenure. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. 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 64 percent. The information for this snapshot was generated by responses to the PayScale salary survey.

$46,584 - $109,780
$47K
$73K
$110K
MEDIAN: $73,231
10%
50%
90%

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$15.31 - $23.12
$15
$18
$23
MEDIAN: $18.35
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
$46,584 - $109,780  
   
Bonus
$2,144 - $24,927  
Profit Sharing
$1,000  
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).
)
$40,788 - $120,061  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 114
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
$15.31 - $23.12  
   
Overtime
$27.80  
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
$2,144 - $24,927  
   
Profit Sharing
$1,000  
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).
)
$40,788 - $120,061  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 14

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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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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: $72,435

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

Seattle is home to an above-average pay rate for Commercial Real Estate Underwriters, 58 percent higher than the national average. Commercial Real Estate Underwriters will also find cushy salaries in New York (+40 percent) and Los Angeles (+19 percent). Dallas ranks last in the field for pay, reporting salaries 12 percent below the national average.

Related Job Salaries

Key Stats for Underwriter, Commercial Real Estate

Gender

Female
36 %
Male
64 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.
Less than 1 year
3%
1-4 years
38%
5-9 years
23%
10-19 years
24%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriter, Commercial Real Estate Salaries

▲30%

▲29%

▲16%

National Average
$72,000

▼22%

Skills That Affect Underwriter, Commercial Real Estate Salaries

Real Estate
▲33%



National Average
$72,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
3%
1-4 years
38%
5-9 years
23%
10-19 years
24%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 83%
vision benefits
Vision: 78%
no benefits
None: 6%