Avg. Base Salary (USD)
The average salary for a Loan Underwriter, Mortgage is $65,000 in 2023
What Do Loan Underwriter, Mortgages Do?
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, …Read more
- 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.
FAQs About Loan Underwriter, Mortgages
What is the highest pay for Loan Underwriter, Mortgages in Oklahoma City?
Our data indicates that the highest pay for a Loan Underwriter, Mortgage in Oklahoma City is $NaN / year
What is the lowest pay for Loan Underwriter, Mortgages in Oklahoma City?
Our data indicates that the lowest pay for a Loan Underwriter, Mortgage in Oklahoma City is $NaN / year
How can Loan Underwriter, Mortgages increase their salary?
Increasing your pay as a Loan Underwriter, Mortgage is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loan Underwriter, Mortgage that oversees more junior Loan Underwriter, Mortgages, this experience can increase the likelihood to earn more.