As of April 01, 2025, the average annual salary for a Senior Mortgage Underwriter in Newark, NJ is $106,900. According to Salary.com, salaries can range from a low of $87,987 to a high of $122,184, with most professionals earning between $97,000 and $114,900.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $114,900 | $9,575 | $2,210 | $55 |
| Average | $106,900 | $8,908 | $2,056 | $51 |
| 25th Percentile | $97,000 | $8,083 | $1,865 | $47 |
An entry-level Senior Mortgage Underwriter with under 1 year experience makes about $102,550. With less than 2 years of experience, a mid-level Senior Mortgage Underwriter makes around $103,293. After 2-4 years, the Senior Mortgage Underwriter pay rises to about $105,227. Those senior Senior Mortgage Underwriter with 5-8 years of experience earn roughly $107,840, and those Senior Mortgage Underwriter having 8 years or more experience are expected to earn about $110,561 on average.
| Levels | Salary |
|---|---|
| Entry Level Senior Mortgage Underwriter | $102,550 |
| Intermediate Level Senior Mortgage Underwriter | $103,293 |
| Senior Level Senior Mortgage Underwriter | $105,227 |
| Specialist Level Senior Mortgage Underwriter | $107,840 |
| Expert Level Senior Mortgage Underwriter | $110,561 |
| Entry Level | 4% |
| Mid Level | 3% |
| Senior Level | 2% |
| Top Level | 1% |
| Experienced | 3% |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Tax Return: Calculating an entity’s income earned with the amount of tax payable to the government, organizations, or potential taxpayers.
Mortgage Products: Mortgage Products means residential real estate secured loan products as from time to time offered by Bank.
| Skill | Salary | Demand |
|---|---|---|
|
Analytical Skills
|
$122,935 |
15%
|
|
Team Management
|
$120,797 |
13%
|
|
Insight
|
$118,659 |
11%
|
|
Communication Skills
|
$116,521 |
9%
|
|
Written Communication
|
$116,521 |
9%
|
|
Financial Services
|
$115,452 |
8%
|
