Average Loan Underwriter, Mortgage Salary

$64,469
Avg. SalaryShow Hourly Rate
$5,075
Bonus
$9,586
Commission
$2,500
Profit Sharing
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The average salary for a Loan Underwriter, Mortgage is $64,469.
10%
$45k
10%
$64k
50%
$87k
90%
90%
MEDIAN $64,469
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United States (change)
Salary
$45k - $87k
Bonus
$1k - $15k
Profit Sharing
$460 - $10k
Commission
$1k - $14k
Total Pay
$43k - $90k

Your Market Worth Over Time

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Job Description for Loan Underwriter, Mortgage

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.
The top respondents for the job title Loan Underwriter, Mortgage are from the companies Wells Fargo Home Mortgage, J.P. Morgan Chase & Co. (JPMCC) and Wells Fargo & Co.. Reported salaries are highest at Chase Bank where the average pay is $66,129. Other companies that offer high salaries for this role include J.P. Morgan Chase & Co. (JPMCC) and Wells Fargo Home Mortgage, earning around $61,416 and $60,366, respectively. Bank of America Corp. (BOFA) pays the lowest at around $54,349. Wells Fargo & Co. and Primary Residential Mortgage, Inc. also pay on the lower end of the scale, paying $55,000 and $58,750, respectively.

Career Paths

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
Senior Underwriter
Underwriter
Manager, Underwriting
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Loan Underwriter, Mortgage Job Listings

Popular Skills for Loan Underwriter, Mortgage

Skills in Residential Loans and Risk Management / Risk Control are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis, Mortgage Loans and Loan Underwriting.

Pay by Experience Level for Loan Underwriter, Mortgage

An entry-level Loan Underwriter, Mortgage with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $49,643 based on 41 salaries. An early career Loan Underwriter, Mortgage with 1-4 years of experience earns an average total compensation of $55,417 based on 379 salaries. A mid-career Loan Underwriter, Mortgage with 5-9 years of experience earns an average total compensation of $63,507 based on 335 salaries. An experienced Loan Underwriter, Mortgage with 10-19 years of experience earns an average total compensation of $68,854 based on 452 salaries. In their late career (20 years and higher), employees earn an average total compensation of $74,881.
Employees with Loan Underwriter, Mortgage in their job title in Dallas, Texas earn an average of 16.2% more than the national average. These job titles also find higher than average salaries in Charlotte, North Carolina (15.6% more) and Atlanta, Georgia (9.1% more). The lowest salaries can be found in Chicago, Illinois (12.7% less).

Years of Experience

This data is based on 1,571 survey responses.
Entry Level
2.6%
Early Career
24.1%
Mid Career
21.3%
Experienced
28.8%
Late Career
23.2%

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