Underwriting Supervisor Salary
Underwriting Supervisors in the United States tend to be well-versed in their field, and nearly two in three have more than 10 years of experience. Average salary is expected to be around $66K annually, but may range from $51K to $95K per year. Medical benefits are awarded to most, and a strong majority earn dental coverage. Men are in the minority of survey respondents, with female Underwriting Supervisors making up 73 percent. Most workers in this position report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
Job Description for Underwriting Supervisor
- Oversee and monitor underwriting team, including quality and timeliness.
- Review exceptions and make determinations.
- Collaborate with mortgage consultants, outside investors, and other departments.
- Analyze and update team budget.
- Schedule, prioritize, and assign work for optimum productivity.
Common Career Paths for Underwriting Supervisor
Underwriting Supervisors might see a strong upturn in salary after transitioning into upper-level roles such as Manager of Underwriting, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $88K per year.
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Pay by Experience Level for Underwriting Supervisor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average inexperienced worker's salary is approximately $65K. It's worth noting that people with five to 10 years of experience report bringing in less at around $65K on average. Underwriting Supervisors see a median salary of $70K after reaching one to two decades on the job. Old hands who claim more than two decades on the job enjoy average earnings of $81K.
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Key Stats for Underwriting Supervisor
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