Avg. Base Salary (USD)
The average salary for a Senior Underwriter is $88,672 in 2023
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 $80,643 based on 169 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
How do Senior Underwriters Rate Their Jobs?
FAQs About Senior Underwriters
What is the highest pay for Senior Underwriters?
Our data indicates that the highest pay for a Senior Underwriter is $121k / year
What is the lowest pay for Senior Underwriters?
Our data indicates that the lowest pay for a Senior Underwriter is $65k / year
How can Senior Underwriters increase their salary?
Increasing your pay as a Senior Underwriter 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 Senior Underwriter that oversees more junior Senior Underwriters, this experience can increase the likelihood to earn more.