Mtg Underwriter Salary at Absolute Mortgage BETA

How much does an Absolute Mortgage Mtg Underwriter make?

As of March 2025, the average annual salary for a Mtg Underwriter at Absolute Mortgage is $63,603, which translates to approximately $31 per hour. Salaries for Mtg Underwriter at Absolute Mortgage typically range from $56,011 to $71,603, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Absolute Mortgage Overview

Website:
absoluteloans.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Financial Services

Absolute Mortgage does business as Finance of America Mortgage in Arizona. Absolute Mortgage does business as Absolute Mortgage Loans in Oregon. ©2020 Absolute Mortgage is a division of Finance of America Mortgage LLC| | NMLS ID # 1071 ( www.nmlsconsumeraccess.org ) | 300 Welsh Road, Building 5, Horsham, PA 19044 | (800) 355-5626 | AZ Mortgage Banker License #0910184 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. For licensing information go to: www.nmlsconsumeraccess.org Loans made or arranged pursuant to a California Finance Lenders Law license. Pre-approvals are based on underwriter review of credit and income documentation only. A pre-approval is not a loan approval, rate lock, guarantee or commitment to lend. An underwriter must review and verify a complete loan application after you are preapproved in order to qualify. This is not a commitment to lend. Prices and guidelines are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision. This information is provided by Finance of America Mortgage d/b/a Absolute Mortgage. Any materials were not provided by HUD or FHA. It has not been approved by FHA or any Government Agency. For Reverse Loans: When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Borrowers are responsible for paying property taxes, homeowners insurance, ...

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What Skills Does a person Need at Absolute Mortgage?

At Absolute Mortgage, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  2. Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
  3. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  4. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  5. Commitment: An agreement or pledge to do something in the future a commitment to improve conditions at the prison especially : an engagement to assume a financial obligation at a future date.

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Check more jobs information at Absolute Mortgage

Job Title Average Absolute Mortgage Salary Hourly Rate
2 Branch Manager $65,504 $31
3 Loan Officer Assistant $40,653 $20
4 Mortgage Banker $119,522 $57
5 Mortgage Originator $57,487 $28
6 Sales Manager $116,914 $56
7 Sales Support $64,767 $31
8 Client Relations Manager $88,033 $42
9 Manager, Marketing $104,643 $50
10 Marketing Coordinator & Administrative Assistant $46,925 $23
11 Receptionist $34,501 $17
12 Relationship Manager $82,776 $40
13 Transaction Coordinator $42,646 $21

Hourly Pay at Absolute Mortgage

The average hourly pay at Absolute Mortgage for a Mtg Underwriter is $31 per hour. The location, department, and job description all have an impact on the typical compensation for Absolute Mortgage positions. The pay range and total remuneration for the job title are shown in the table below. Absolute Mortgage may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $63,603 look to you?

FAQ about Salary and Jobs at Absolute Mortgage

1. How much does Absolute Mortgage pay per hour?
The average hourly pay is $31. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Absolute Mortgage?
According to the data, the highest approximate salary is about $71,603 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Absolute Mortgage?
According to the data, the lowest estimated salary is about $56,011 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.