The average hourly pay for an Underwriter at Wells Fargo Home Mortgage is $28.18.
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$18 - $32
$3,500 - $10,000
$37,754 - $88,840
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Job Description for Underwriter
Underwriters work primarily in banks which handle loans and mortgages and are responsible for analyzing the risks of a loan based on the data in the application. They also oversee other information in the loan application to ensure it is accurate. Loans are the primary source of income for a bank, and ensuring the quality of loans is of the utmost importance. Underwriters must follow all regulations, from the guidelines of the company and external underwriter to federal regulations for the appr…Read more
- 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.
Popular Employer Salaries for Underwriter
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
Avg. Hourly Rate
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.
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