Avg. Base Salary (USD)
The average salary for a Senior Underwriter is $84,090
What is the Pay by Experience Level for Senior Underwriters?
An entry-level Senior Underwriter with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $50,721 based on 6 salaries. An early career Senior Underwriter with 1-4 years of experience earns an average total compensation of $76,871 based on 150 salaries. A …Read more
What Do Senior Underwriters Do?
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.
Additional information should occasionally be requested from the applicant, and all risks must be analyzed to determine the …Read more