The average salary for a Loan Underwriter, Mortgage in Canada is C$55,604.
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C$43k - C$69k
C$0 - C$10k
C$41k - C$73k
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Job Description for Loan Underwriter, Mortgage
Mortgage loan underwriters are responsible for approving or rejecting mortgages. To make this decision, the mortgage underwriter must generate a risk report and demonstrate how the contents of the report are within the lender's guidelines for approval, or how the contents of the report fail to meet the guidelines. The first thing that mortgage underwriters do is obtain and review credit reports for prospective debtors. Next, they obtain information from prospective debtors about their income, an…Read more
Loan Underwriter, Mortgage Tasks
- Analyze credit data and financial statements of individuals or firms to determine the risk involved in extending credit or lending money.
- Prepare reports based on the results from the risk analysis for use in decision-making.
Popular Employer Salaries for Loan Underwriter, Mortgage
Explore the most common career paths for Loan Underwriter, Mortgage. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Loan Underwriter, Mortgage
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Loan Underwriter, Mortgage Job Listings
Popular Skills for Loan Underwriter, Mortgage
Risk Management / Risk Control
Skills in Loan Underwriting and Residential Loans are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis, Risk Management / Risk Control and Mortgage Loans.
Pay by Experience Level for Loan Underwriter, Mortgage
An early career Loan Underwriter, Mortgage with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of C$52,100 based on 47 salaries. A mid-career Loan Underwriter, Mortgage with 5-9 years of experience earns an average total compensation of C$56,950 based on 36 salaries. An experienced Loan Underwriter, Mortgage with 10-19 years of experience earns an average total compensation of C$58,133 based on 35 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$58,688.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Loan Underwriter, Mortgage in their job title in Calgary, Alberta earn an average of 6.7% more than the national average. These job titles also find higher than average salaries in Toronto, Ontario (4.3% more) and Edmonton, Alberta (4.2% more). The lowest salaries can be found in Montréal, Québec (7.4% less) and Vancouver, British Columbia (7.1% less).
Years of Experience
This data is based on 135 survey responses.
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