$71,943
Avg. Salary
$26.13
Avg. Hourly Rate
Help us gather more data! Is Loan Underwriter, Mortgage your job title? Find out what you're worth.

The average pay for a Loan Underwriter, Mortgage in Phoenix, Arizona is $26.13 per hour.

The median Loan Underwriter, Mortgage has a base pay of $71,943. Salaries generally range from $55k to $80k. The median bonus is . Skills that can affect salary include Loan Underwriting, Mortgage Loans.
$0.00
10%
$26.13
50%
$0.00
90%
MEDIAN $26.13
$55k
10%
$72k
50%
$80k
90%
MEDIAN $71,943
$55,000 - $80,400
$55K
$72K
$80K
MEDIAN: $71,943
10%
50%
90%

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$0$82K
Salary $55,000 - $80,400
Bonus $4,750
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$52,952 - $82,077
  • Country: United States
  • Currency: USD
  • Updated: 7 Feb 2019
  • Individuals Reporting: 14

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, and possibly their assets and other debts. Afterward, mortgage underwriters will determine what collateral is available that can be used to back the mortgage.

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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.

About Phoenix, Arizona

Maricopa County, Arizona
1,563,001
Male:
786,833 (50.3%)
Female:
776,168 (49.7%)
Phoenix (/ˈfiːnᵻks/) is the capital and most populous city of the U.S. state of Arizona. With 1,563,025 people (as of 2015), Phoenix is the sixth most populous city nationwide, the most populous state capital in the United States, and the only state capital with a population of more than 1 million residents. Phoenix is the anchor of the Phoenix metropolitan area, also known as the Valley of the Sun, which in turn is a part of the Salt River Valley. The metropolitan area is the 12th largest by population in the United States, with approximately 4.3 million people as of 2010. In addition, Phoenix is the county seat of Maricopa County and, at 517.9 square miles (1,341 km2), it is the largest city in the state, nearly twice the size of Tucson and one of the largest cities in the United States. Settled in 1867 as an agricultural community near the confluence of the...
Phoenix:
$48,452
Arizona:
$51,492
$922
Phoenix:
$200,800
Arizona:
$194,300
4.0%

Loan Underwriter, Mortgage Job Listings

Key Stats for Loan Underwriter, Mortgage

Gender

Female
33 %
Male
67 %
5-9 years
78%
10-19 years
22%

Skills That Affect Loan Underwriter, Mortgage Salaries

National Average
$71,000

Mortgage Loans
▼9%

Loan Underwriting
▼13%

Gender

Female
33 %
Male
67 %

Common Health Benefits

medical benefits
Medical: 100%
dental benefits
Dental: 78%
vision benefits
Vision: 67%
no benefits
None: