Avg. Base Salary (USD)
The average salary for a Senior Underwriter is $82,934
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.