Average Underwriter Hourly Pay at Wells Fargo Home Mortgage

$28.18
Avg. Hourly RateShow Salary
$7,000
Bonus
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The average hourly pay for an Underwriter at Wells Fargo Home Mortgage is $28.18.
25%
$17.72
MEDIAN
$28.18
75%
$31.54
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United States (change)
Hourly Rate
$18 - $32
Bonus
$3,500 - $10,000
Total Pay
$37,754 - $88,840

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Job Description for Underwriter

Underwriter Tasks
  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
  • Manage underwriting territory and select new business based on analysis of their profitability.
The top respondents for the job title Underwriter are from the companies State Farm Insurance Company, Aetna, Inc. and The Hartford Financial Services Group, Inc.. Reported salaries are highest at American International Group, Inc. (AIG) where the average pay is $31.41. Other companies that offer high salaries for this role include Chase Bank and The Hartford Financial Services Group, Inc., earning around $31.02 and $24.81, respectively. Cigna Corporation pays the lowest at around $16.56. State Farm Insurance Company and Aetna, Inc. also pay on the lower end of the scale, paying $19.48 and $21.55, respectively.

Underwriter Job Listings

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Popular Skills for Underwriter

Skills that pay less than market rate include Risk Management / Risk Control, Data Analysis and Loan Underwriting.

Pay by Experience Level for Underwriter

A mid-career Underwriter with 5-9 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $26.45 based on 5 salaries. An experienced Underwriter with 10-19 years of experience earns an average total compensation of $23.50 based on 5 salaries.

Pay Difference by Location

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Years of Experience

This data is based on 10 survey responses.
Mid Career
50.0%
Experienced
50.0%