Underwriter, Commercial Real Estate Salary

Average Commercial Real Estate Underwriters in the United States make around $75K per year. Residence and years of experience each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. Job satisfaction for Commercial Real Estate Underwriters is high. Men account for the majority of Commercial Real Estate Underwriters who responded to the questionnaire — 61 percent to be exact. This report is based on responses to the PayScale salary survey.

$48,011 - $108,560
$48K
$69K
$110K
MEDIAN: $69,240
10%
50%
90%

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$15.29 - $43.63
$15
$19
$44
MEDIAN: $18.71
10%
50%
90%

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$0$117K
Salary $48,011 - $108,560
Bonus $1,589 - $24,694
Profit Sharing $1,000
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).
)
$43,695 - $117,694
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 121
Hourly Data $0$45
Hourly Rate $15.29 - $43.63
Overtime $42.82
Annual Data $0$117K
Bonus $1,589 - $24,694
Profit Sharing $1,000
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).
)
$43,695 - $117,694
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 13

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Underwriter, Commercial Real Estate

Underwriters in commercial real estate are tasked with advising loan- and credit-providers regarding the worthiness of borrowers for loans, and they must analyze all information related to a loan request in order to make these recommendations. These reviews include reading and examining financial records, available collateral, and creditworthiness of a prospective borrower, which is a commercial company or business rather than an individual.

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Underwriter, Commercial Real Estate Tasks

  • Review, analyze, and conduct risk assessment of commercial properties, business entities, and clients' financial profiles.
  • Assist loan officers with audits, credit examinations, and risk ratings and verify loan documentation accuracy.
  • Assist in loan closing activities, identifying and recommending actions for clients to limit risk factors.
  • Review appraisals, property inspections, and environmental reports to assess and identify property risk factors.

Underwriter, Commercial Real Estate Job Listings

Pay by Experience Level for Underwriter, Commercial Real Estate

Pay by Experience for an Underwriter, Commercial Real Estate has a positive trend. An entry-level Underwriter, Commercial Real Estate with less than 5 years of experience can expect to earn an average total compensation of $57,000 based on 71 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Underwriter, Commercial Real Estate with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $84,000 based on 41 salaries. An experienced Underwriter, Commercial Real Estate which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $94,000 based on 36 salaries. An Underwriter, Commercial Real Estate with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $93,000 based on 14 salaries.

Pay Difference by Location

National Average: $69,984

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

For Commercial Real Estate Underwriters, Seattle provides a pay rate that is 57 percent greater than the national average. Commercial Real Estate Underwriters will also find cushy salaries in New York (+39 percent) and Los Angeles (+18 percent). Falling short of the national average by 13 percent, the area with the worst salaries is Dallas.

Related Job Salaries

Key Stats for Underwriter, Commercial Real Estate

Gender

Female
39 %
Male
61 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.
Less than 1 year
6%
1-4 years
45%
5-9 years
20%
10-19 years
20%
20 years or more
9%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriter, Commercial Real Estate Salaries

▲35%

▲34%

▲20%

National Average
$70,000

▼19%

Skills That Affect Underwriter, Commercial Real Estate Salaries

Real Estate
▲37%



National Average
$70,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
6%
1-4 years
45%
5-9 years
20%
10-19 years
20%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 81%
vision benefits
Vision: 75%
no benefits
None: 7%
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