Claims Administrator Salary at Mortgage Insurance BETA

How much does a Mortgage Insurance Claims Administrator make?

As of March 2025, the average annual salary for a Claims Administrator at Mortgage Insurance is $92,027, which translates to approximately $44 per hour. Salaries for Claims Administrator at Mortgage Insurance typically range from $82,632 to $102,140, 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.

Mortgage Insurance Overview

Website:
mgic.com
Size:
500 - 1,000 Employees
Revenue:
$1B - $3B
Industry:
Financial Services

Founded in 1957 and headquartered in Milwaukee, Wisconsin, MGIC Investment Corporation provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure.

See similar companies related to Mortgage Insurance

What Skills Does a person Need at Mortgage Insurance?

At Mortgage Insurance, 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. 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.
  2. Decision Making: Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.
  3. Problem Solving: Analyzing and identifying the root cause of problems and applying critical thinking skills to solve problems.
  4. Claim Handling: involved in managing a claim from the start through to settlement, making decisions on the extent and validity of a claim, and checking for any potential fraudulent activity.
  5. Written Communication: Communicating information through written media to educate, inform and influence the target audience.

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Check more jobs information at Mortgage Insurance

Job Title Average Mortgage Insurance Salary Hourly Rate
2 Manager, Integration Services $138,605 $67
3 Manager, Production $128,957 $62
4 Manager, Support Services $120,079 $58
5 Medical Laboratory Scientists $82,345 $40
6 Operations Leader $123,427 $59
7 Oracle Database Administrator $134,406 $65
8 President & Chief Executive Officer $896,934 $431
9 Production $99,769 $48
10 Program Manager, Business Development $88,704 $43
11 Project Manager, Information Technology $132,131 $64
12 Quantitative Financial Analyst $70,134 $34
13 Secretary $250,176 $120

Hourly Pay at Mortgage Insurance

The average hourly pay at Mortgage Insurance for a Claims Administrator is $44 per hour. The location, department, and job description all have an impact on the typical compensation for Mortgage Insurance positions. The pay range and total remuneration for the job title are shown in the table below. Mortgage Insurance may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $92,027 look to you?

FAQ about Salary and Jobs at Mortgage Insurance

1. How much does Mortgage Insurance pay per hour?
The average hourly pay is $44. 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 Mortgage Insurance?
According to the data, the highest approximate salary is about $102,140 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 Mortgage Insurance?
According to the data, the lowest estimated salary is about $82,632 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.