Vice President, Underwriting Salary at Pennymac Mortgage Investment Trust BETA

How much does a Pennymac Mortgage Investment Trust Vice President, Underwriting make?

As of December 2024, the average annual salary for a Vice President, Underwriting at Pennymac Mortgage Investment Trust is $343,199, which translates to approximately $165 per hour. Salaries for Vice President, Underwriting at Pennymac Mortgage Investment Trust typically range from $286,147 to $398,371, 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.

PennyMac Mortgage Investment Trust Overview

Website:
pennymacmortgageinvestmenttrust.com
Size:
3,000 - 7,500 Employees
Revenue:
$50M - $200M
Industry:
Financial Services

PennyMac Mortgage Investment Trust is a mortgage real estate investment trust ("REIT") that invests primarily in residential mortgage loans and mortgage-related assets. PennyMac Mortgage Investment Trust is based in Westlake Village, California.

See similar companies related to Pennymac Mortgage Investment Trust

What Skills Does a person Need at Pennymac Mortgage Investment Trust?

At Pennymac Mortgage Investment Trust, 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. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
  3. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  4. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  5. Lending Products: Any of the wide variety of bilateral credit products that are offered by private or public banking firms and institutions.

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Check more jobs information at Pennymac Mortgage Investment Trust

Job Title Average Pennymac Mortgage Investment Trust Salary Hourly Rate
2 Account Manager $90,025 $43
3 Administrative $59,403 $29
4 Assistant General Counsel $298,203 $143
5 Azure Data Engineer $143,760 $69
6 Business Analyst III $115,946 $56
7 Certified Residential Appraiser $66,040 $32
8 Chief Accounting Officer $269,987 $130
9 Client Operations Specialist $156,503 $75
10 Collections $50,184 $24
11 Collections Specialist $50,184 $24
12 Contact Center Specialist $53,472 $26
13 Contractor $111,491 $54

Hourly Pay at Pennymac Mortgage Investment Trust

The average hourly pay at Pennymac Mortgage Investment Trust for a Vice President, Underwriting is $165 per hour. The location, department, and job description all have an impact on the typical compensation for Pennymac Mortgage Investment Trust positions. The pay range and total remuneration for the job title are shown in the table below. Pennymac Mortgage Investment Trust may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $343,199 look to you?

FAQ about Salary and Jobs at Pennymac Mortgage Investment Trust

1. How much does Pennymac Mortgage Investment Trust pay per hour?
The average hourly pay is $165. 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 Pennymac Mortgage Investment Trust?
According to the data, the highest approximate salary is about $398,371 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 Pennymac Mortgage Investment Trust?
According to the data, the lowest estimated salary is about $286,147 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.