Underwriter, Commercial Real Estate Salary

Commercial Real Estate Underwriters in the United States take home an average $70K annually. Career duration is the biggest factor affecting pay for this group, followed by geography. The majority of Commercial Real Estate Underwriters (64 percent) survey respondents are male. For the most part, Commercial Real Estate Underwriters enjoy their work and report high levels of job satisfaction. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The information for this snapshot was generated by responses to the PayScale salary survey.

$43,554 - $100,289
(Median)
$44K
$70K
$100K
MEDIAN: $69,920
10%
50%
90%

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$15.74 - $39.15
(Median)
$16
$18
$39
MEDIAN: $18.00
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
$43,554 - $100,289  
   
Bonus
$0.00 - $20,661  
Profit Sharing
$2,500  
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).
)
$42,380 - $114,775  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 217
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
$15.74 - $39.15  
   
Overtime
$32.71  
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
$0.00 - $20,661  
   
Profit Sharing
$2,500  
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).
)
$42,380 - $114,775  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 12
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Job Description for Underwriter, Commercial Real Estate

Underwriters for commercial real estate analyze and evaluate loan applications for creditworthiness. Applications should be analyzed in a direct manner and evaluated in compliance with state and federal laws, and it's important to be aware of all new policies and regulations in the industry. These underwriters often review credit scores, credit history, income, assets, and liabilities.

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Commercial Real Estate Underwriters who responded to the survey report just a handful of professional skills. Lucky workers who know Real Estate can expect a significant pay bump, scoring salaries 31 percent above average. Loan Underwriting and Financial Analysis are also correlated to pay that is above average, with increases between 4 percent and 31 percent. Aptitude in Financial Analysis tends to also indicate an understanding of Loan Underwriting.

Pay by Experience Level for Underwriter, Commercial Real Estate

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


The average worker who claims fewer than five years of experience earns around $57K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $83K. Commercial Real Estate Underwriters see a median salary of $92K after reaching one to two decades on the job. Commercial Real Estate Underwriters who claim more than two decades of experience actually make somewhat smaller average paychecks of $87K.

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Experience Affects Underwriter, Commercial Real Estate Salaries

Experienced
up arrow 26%

Late-Career
up arrow 19%

Mid-Career
up arrow 13%

National Average
$73,000

Entry-Level
up arrow 22%

Skills That Affect Underwriter, Commercial Real Estate Salaries

Real Estate
up arrow 31%

Financial Analysis
up arrow 4%

Loan Underwriting
up arrow 4%

National Average
$73,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 26 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
2%
1-4 years
37%
5-9 years
28%
10-19 years
24%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 88%
medical benefits
Vision: 73%
dental benefits
None: 4%
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