The average salary for a Junior Underwriter is $46,852.
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$35k - $62k
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Job Description for Junior Underwriter
A junior underwriter generally work under an underwriter, helping carry out the duties required in determining whether or not a loan should be given. The junior underwriter performs many of the same duties as an underwriter, such as investigating loan eligibility, making decisions on whether or not loans are to be granted, and explaining why a loan was granted or denied as required. Quality checks and reports are often required of a junior underwriter. They also put together documentation, updat…Read more
Junior Underwriter Tasks
- Assist with underwriting process.
- Sign off on underwriting conditions.
- Enter and track information, ensure files are completed.
- Review and monitor loans.
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Popular Skills for Junior Underwriter
Skills in Insurance, Risk Management / Risk Control, Mortgage Loans and Data Analysis are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Office.
Pay by Experience Level for Junior Underwriter
An entry-level Junior Underwriter with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $42,045 based on 37 salaries. An early career Junior Underwriter with 1-4 years of experience earns an average total compensation of $45,884 based on 137 salaries. A mid-career Junior Underwriter with 5-9 years of experience earns an average total compensation of $50,346 based on 40 salaries. An experienced Junior Underwriter with 10-19 years of experience earns an average total compensation of $55,758 based on 31 salaries. In their late career (20 years and higher), employees earn an average total compensation of $48,696.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Junior Underwriter in their job title in Los Angeles, California earn an average of 19.4% more than the national average. These job titles also find higher than average salaries in New York, New York (6.9% more) and Irvine, California (2.5% more). The lowest salaries can be found in Overland Park, Kansas (20.1% less), Miami, Florida (7.2% less) and Troy, Michigan (4.0% less).
Years of Experience
This data is based on 256 survey responses.