Underwriting Supervisor Salary
With nearly two in three of Underwriting Supervisors in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $53K to $100K per year and averages out to $66K per year. In the world of Underwriting Supervisors, total cash compensation can vary between $53K and $100K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $15K and $10K, respectively. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Female Underwriting Supervisors make up most of the survey respondents at 74 percent. Most Underwriting Supervisors 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.
Underwriting Supervisor Job Listings
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Pay by Experience Level for Underwriting Supervisor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
More years of relevant experience do not necessarily translate to higher paychecks. In this position, someone who has worked for fewer than five years can expect a median salary of $64K. The median for people with five to 10 years of experience is only a little bit higher at $64K. For Underwriting Supervisors, 10 to 20 years of experience on the job amounts to an average salary of $69K. Veterans who have acquired more than 20 years report a median income of $84K, which is generally higher than the pay reported by other tenure groups.