Underwriting Assistant Salary (United States)

The average salary for an Underwriting Assistant is $39,812 per year. Most people move on to other jobs if they have more than 20 years' experience in this field.
Underwriting Assistant Salary (?
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.
)
$29,580 - $54,024
(Median)
30K
40K
47K
54K
MEDIAN: $39,812
10%
50%
75%
90%
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Underwriting Assistant Salary (?
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.
)
$12.74 - $22.30
(Median)
13
17
19
22
MEDIAN: $16.00
10%
50%
75%
90%
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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$19K$38K$57K
Salary
$29,580 - $54,024  
   
Bonus
$0.00 - $3,523  
Profit Sharing
$325.00 - $4,982  
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).
)
$29,244 - $54,036  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 602
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$13$26$39
Hourly Rate
$12.74 - $22.30  
   
Overtime
$17.48 - $37.81  
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$26K$52K$78K
Bonus
$0.00 - $3,523  
   
Profit Sharing
$325.00 - $4,982  
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).
)
$29,244 - $54,036  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 192
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Job Description for Underwriting Assistant

The assistant underwriter assists the lead underwriter in assessing customers' eligibility for products such as mortgages, insurance, and credit. They may work in a variety of fields, such as bank underwriting, insurance underwriting, and real estate underwriting. In all fields, assistant underwriters must cultivate good relationships with clients and be able to obtain client information quickly and accurately. They must be able to accurately assess risks while remaining within their organization's regulations and relevant laws. Assistant underwriters typically work as a subordinate to an underwriter and work in an office environment during regular business hours, although travel may occasionally be required for risk assessment.
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Underwriting Assistant Tasks
  • Prepare and distribute correspondence and documentation to facilitate underwriting.
  • Collect documentation and files and deliver information to appropriate parties.
  • Communicate and coordinate with all involved parties to complete underwriting process.
  • Obtain, process, and evaluate screening materials for underwriting process.

Common Career Paths for Underwriting Assistant

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Underwriting Assistant Job Listings

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Popular Employer Salaries for Underwriting Assistant

Popular Skills for Underwriting Assistant

Pay by Experience Level for Underwriting Assistant

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

Pay Difference By Location

up arrow 30%
San Francisco
up arrow 27%
Los Angeles
up arrow 24%
Boston
up arrow 20%
Chicago
up arrow 9%
Morristown
up arrow 8%
Philadelphia
up arrow 5%
Charlotte
up arrow 4%
up arrow 2%
Alpharetta
up arrow 2%
Dallas
0%
National Average
$39,000
Richmond
up arrow 10%
Austin
up arrow 15%
Larger circles over a city indicate a job is popular in that location.

Underwriting Assistant Reviews

What is it like working as an Underwriting Assistant?
Underwriting Assistant in Atlanta:
"Underwriter."
Pros: The process of making a sound decision and helping the Relationship Managers.
Cons: I really love my job, the pay is a little low for the job title.

Related Job Salaries

Experience Affects Underwriting Assistant Salaries

Late-Career
up arrow 23%
Experienced
up arrow 11%
National Average
$39,000

Skills That Affect Underwriting Assistant Salaries

Oral / Verbal Communication
up arrow 8%
Insurance
up arrow 4%
Customer Service
up arrow 1%
National Average
$39,000
Data Analysis
up arrow 9%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 195 votes.

Gender

Female
76%
female alumni
 
Male
24%
male alumni

Years of Experience

Less than 1 year
8%
1-4 years
41%
5-9 years
24%
10-19 years
18%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 80%
vision benefits Vision: 65% employee benefits None: 9%
Find Out Exactly What You Should Be Paid
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