Senior Underwriter Salary

A Senior Underwriter earns an average salary of $76,792 per year. A skill in Sales is associated with high pay for this job. For the first five to ten years in this position, pay increases modestly, but any additional experience does not have a big effect on pay.
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$54,763 - $105,063
$55K
$77K
$110K
MEDIAN: $76,968
10%
50%
90%

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$18.01 - $42.34
$18
$32
$42
MEDIAN: $32.15
10%
50%
90%

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$0$115K
Salary $54,763 - $105,063
Bonus $1,473 - $19,603
Profit Sharing $0.00 - $8,854
Commission $20,000
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).
)
$55,409 - $115,798
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2017
  • Individuals Reporting: 1,128
Hourly Data $0$63
Hourly Rate $18.01 - $42.34
Overtime $29.60 - $63.91
Annual Data $0$115K
Bonus $1,473 - $19,603
Commission $20,000
Profit Sharing $0.00 - $8,854
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).
)
$55,409 - $115,798
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2017
  • Individuals Reporting: 71

Job Description for Senior Underwriter

Senior underwriters analyze new loan applications to determine whether an applicant should be administered a loan. They may analyze the ability to pay, credit score, and how much is being requested, and the submitted information should be verified during this process. It's also important to determine whether the application fulfills certain parameters of various loans.

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Senior Underwriter Tasks

  • Assess eligibility of clients' applications to receive capital, insurance, mortgage, or credit.
  • Evaluate collateral and ensure portfolio credit quality.
  • Structure products to meet clients' needs.

Common Career Paths for Senior Underwriter


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Senior Underwriter Job Listings

Popular Employer Salaries for Senior Underwriter

Popular Skills for Senior Underwriter

Pay by Experience Level for Senior Underwriter

Pay by Experience for a Senior Underwriter has a positive trend. An entry-level Senior Underwriter with less than 5 years of experience can expect to earn an average total compensation of $72,000 based on 172 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Underwriter with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $79,000 based on 400 salaries. An experienced Senior Underwriter which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $82,000 based on 485 salaries. A Senior Underwriter with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $83,000 based on 303 salaries.

Pay Difference by Location

National Average: $81,211

Larger city markers indicate a job is popular in that location.

Senior Underwriter Reviews

Q: What is it like working as a Senior Underwriter?

Senior Underwriter in New York:
"I am able to provide a valuable service to my customers,"
Pros: Providing high level service to the customer.
Cons: The time it takes to provide that service, even with the new technology.

Related Job Salaries

Key Stats for Senior Underwriter

Gender

Female
57 %
Male
43 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 234 votes.
1-4 years
9%
5-9 years
27%
10-19 years
37%
20 years or more
27%

Experience Affects Senior Underwriter Salaries

▲2%

▲1%

National Average
$81,000

▼2%

▼12%

Skills That Affect Senior Underwriter Salaries

Sales
▲17%

▲4%

Underwriting
▲3%

Data Analysis
▲3%

▲1%



National Average
$81,000




Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 234 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

1-4 years
9%
5-9 years
27%
10-19 years
37%
20 years or more
27%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 84%
vision benefits
Vision: 74%
no benefits
None: 8%