Team Lead, Underwriting Salary at United Wholesale Mortgage Llc BETA

How much does an United Wholesale Mortgage Llc Team Lead, Underwriting make?

As of December 2024, the average annual salary for a Team Lead, Underwriting at United Wholesale Mortgage Llc is $120,857, which translates to approximately $58 per hour. Salaries for Team Lead, Underwriting at United Wholesale Mortgage Llc typically range from $110,971 to $139,676, 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.

United Wholesale Mortgage LLC Overview

Website:
uwm.com
Size:
3,000 - 7,500 Employees
Revenue:
$1B - $3B
Industry:
Financial Services

United Wholesale Mortgage is a lending firm supporting independent mortgage brokers acrouss the county. The company is headquartered in Pontiac, Michigan.

See similar companies related to United Wholesale Mortgage Llc

What Skills Does a person Need at United Wholesale Mortgage Llc?

At United Wholesale Mortgage Llc, 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. Mortgage Underwriting: Mortgage underwriting is the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower is acceptable and is a part of the larger mortgage origination process.
  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 United Wholesale Mortgage Llc

Job Title Average United Wholesale Mortgage Llc Salary Hourly Rate
2 1 Business Analyst $93,329 $45
3 Administrative Secretary $47,615 $23
4 Agile Coach $105,564 $51
5 App Developer $117,950 $57
6 Application Administrator $130,858 $63
7 Assistant Underwriter $58,502 $28
8 Associate Architect $84,910 $41
9 Associate Quality Assurance Analyst $70,239 $34
10 Auditor II $87,949 $42
11 Benefits Coordinator $77,403 $37
12 Business Analyst II $116,811 $56
13 Business Operations Specialist $136,998 $66

Hourly Pay at United Wholesale Mortgage Llc

The average hourly pay at United Wholesale Mortgage Llc for a Team Lead, Underwriting is $58 per hour. The location, department, and job description all have an impact on the typical compensation for United Wholesale Mortgage Llc positions. The pay range and total remuneration for the job title are shown in the table below. United Wholesale Mortgage Llc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $120,857 look to you?

FAQ about Salary and Jobs at United Wholesale Mortgage Llc

1. How much does United Wholesale Mortgage Llc pay per hour?
The average hourly pay is $58. 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 United Wholesale Mortgage Llc?
According to the data, the highest approximate salary is about $139,676 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 United Wholesale Mortgage Llc?
According to the data, the lowest estimated salary is about $110,971 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.