Underwriter Salary at First Residential Mortgage BETA

How much does a First Residential Mortgage Underwriter make?

As of March 2025, the average annual salary for an Underwriter at First Residential Mortgage is $66,729, which translates to approximately $32 per hour. Salaries for Underwriter at First Residential Mortgage typically range from $59,982 to $75,157, 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.

First Residential Mortgage Overview

Website:
1frmc.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Financial Services

Ryan and Barrett's communication, promptness and professionalism was strong from start to finish. Thanks for helping us navigate all sides of the refinancing process. Ryan and his team were perfect! Nothing at all to complain about. Thanks Ryan for all your support! Excellent to work with. Highly recommend. Worked to get us the best rate possible and close as fast as possible. Impressive! Ryan did a great job getting the rate that we wanted and communicating every step of the way. I highly recommend First Residential Mortgage and my wife and I had a great experience with this place. First Residential was so great to work with when purchasing our first home! The team there was responsive to all of our questions and very friendly and professional! Everything was perfect. A great experience working with them. Everything was on time, and they are very responsive. In the current situation of COVID-19, they manage everything by considering safety as a priority and most of the process was handled online or on the phone. I strongly recommend working with them,read more Super responsive, loved the explanation videos by Ryan (but all the staff was terrific), reliable and made sure we closed on time! Highly recommend First Residential Mortgage - whether a first timer or seasoned pro they were FABULOUS!read more We loved working with Ryan! He was able to give us a clear outline of everything we needed to get our loan process rolling. Ryan was quick to respond to all of our questions and concerns. He worked hard to make sure we were at ease and comfortable with everything.read more Ryan and his team were very helpful, they waked me through all the steps and helped me understand everything that was going on. Highly recommend! Great communicators, problem solvers and creative thinkers. Personalized videos from the lender explaining all of my options allowed me to watch multiple times to digest the information I was provided. The process was efficient.read more Ryan and his team are the best! We have had nothing but great ...

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What Skills Does a person Need at First Residential Mortgage?

At First Residential 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. Health care: Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in people.
  3. 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.
  4. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  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 First Residential Mortgage

Job Title Average First Residential Mortgage Salary Hourly Rate
2 Banker $72,042 $35
3 Branch Manager $52,580 $25
4 Compliance Officer $65,845 $32
5 Recruiter $53,352 $26
6 Transaction Coordinator $34,232 $16
7 Customer Service Representative $27,169 $13
8 Licensing Coordinator $35,141 $17
9 Loan Advisor $30,082 $14
10 Mortgage Originator $46,145 $22
11 Loan Officer $46,145 $22

Hourly Pay at First Residential Mortgage

The average hourly pay at First Residential Mortgage for an Underwriter is $32 per hour. The location, department, and job description all have an impact on the typical compensation for First Residential Mortgage positions. The pay range and total remuneration for the job title are shown in the table below. First Residential Mortgage may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $66,729 look to you?

FAQ about Salary and Jobs at First Residential Mortgage

1. How much does First Residential Mortgage pay per hour?
The average hourly pay is $32. 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 First Residential Mortgage?
According to the data, the highest approximate salary is about $75,157 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 First Residential Mortgage?
According to the data, the lowest estimated salary is about $59,982 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.