Avg. Base Salary (USD)
The average salary for a Senior Underwriter is $91,691
What is the Pay by Experience Level for Senior Underwriters?
An early career Senior Underwriter with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $85,957 based on 9 salaries. A mid-career Senior Underwriter with 5-9 years of experience earns an average total compensation of $87,704 based on 17 salaries. An experienced Senior …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
- 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.