As of January 01, 2026, the average salary for a Specialist Mortgage Underwriter in New Mexico is $104,000 per year, which breaks down to an hourly rate of $50.
However, a Specialist Mortgage Underwriter's salary can vary significantly. Here’s a look at the typical salary range:
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Specialist Mortgage Underwriter Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $112,300 | $9,358 | $2,160 | $54 |
| Average | $104,000 | $8,667 | $2,000 | $50 |
| 25th Percentile | $99,500 | $8,292 | $1,913 | $48 |
Edwards Lifesciences Belgium - Santa Fe, NM
Carrington - Santa Fe, NM
Edwards Lifesciences Belgium - Santa Fe, NM
Edwards Lifesciences Belgium - Santa Fe, NM
A Specialist Mortgage Underwriter's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Specialist Mortgage Underwriter's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Entry Mortgage Underwriter | 0-2 years | $60,393 |
| Intermediate Mortgage Underwriter | 2-4 years | $67,910 |
| Senior Mortgage Underwriter | 4-7 years | $87,924 |
| Specialist Mortgage Underwriter | 7+ years | $103,948 |
| Underwriting Manager - Mortgage Loans | 7+ years | $102,921 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Specialist Mortgage Underwriters. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Understanding how a Specialist Mortgage Underwriter's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $112,300 | $9,358 | $2,160 | $54 |
| Average | $104,000 | $8,667 | $2,000 | $50 |
| 25th Percentile | $99,500 | $8,292 | $1,913 | $48 |
For a Specialist Mortgage Underwriter, the most direct path to higher earnings is advancing to the Underwriting Manager - Mortgage Loans role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $103,000 - a projected growth of -1% over your current level.
Ready to take the next step in your career? Browse thousands of current Specialist Mortgage Underwriter job openings on our job board. Use the search bar below to find your perfect match.
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