The average salary for a Loan Underwriter, Mortgage with Mortgage Loans skills in Phoenix, Arizona is $71,944.
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$52k - $94k
$51k - $95k
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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.
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
Skills that pay less than market rate include Financial Analysis and Loan Underwriting.
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 $53,789 based on 9 salaries. A mid-career Loan Underwriter, Mortgage with 5-9 years of experience earns an average total compensation of $75,947 based on 8 salaries. An experienced Loan Underwriter, Mortgage with 10-19 years of experience earns an average total compensation of $87,832 based on 12 salaries.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Loan Underwriter, Mortgage in their job title in Dallas, Texas earn an average of 14.7% more than the national average. The lowest salaries can be found in Jacksonville, Florida (17.2% less), Chicago, Illinois (14.5% less) and Tampa, Florida (12.2% less).
Years of Experience
This data is based on 29 survey responses.
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