How much does a Mortgage Underwriter I make in the United States? The average Mortgage Underwriter I salary in the United States is $54,043 as of May 28, 2020, but the range typically falls between $46,896 and $63,488. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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25% $46,896 10% $40,389 90% $72,087 75% $63,488 $54,043 50%(Median)
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Job Description for Mortgage Underwriter I

Mortgage Underwriter I underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Monitors property appraisal process. Being a Mortgage Underwriter I assesses risks to determine approval status. May require a bachelor's degree. Additionally, Mortgage Underwriter I typically reports to a supervisor or manager. The Mortgage Underwriter I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Mortgage Underwriter I typically requires 0-2 years of related experience. (Copyright 2020 Salary.com)... View full job description

See user submitted job responsibilities for Mortgage Underwriter I.

Job Openings for Mortgage Underwriter I
Those that have already made the climb...
Karen Schmitt, Former Executive Vice President - Finance and Chief Financial Officer, Maiden Holdings, Ltd.
Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers primarily in Europe and internationally. The company writes treaties on a quota share basis and excess of loss basis. It also offers auto and credit life insurance products through its insurer partners to ... More
Fiscal Year Ended in 2018
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City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.3%
City, State Washington, DC Compared to national average
+ 10.7%
City, State Miami, FL Compared to national average
-2.7%
City, State Chicago, IL Compared to national average
+ 6.0%
City, State Boston, MA Compared to national average
+ 12.9%
City, State New York, NY Compared to national average
+ 21.0%
City, State Dallas, TX Compared to national average
-1.0%

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Understand the total compensation opportunity for a Mortgage Underwriter I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
46896
63488
54043

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
48435
66458
55963
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Underwriter I in the United States. The base salary for Mortgage Underwriter I ranges from $46,896 to $63,488 with the average base salary of $54,043. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $48,435 to $66,458 with the average total cash compensation of $55,963.
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46896
63488

 

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Skills associated with Mortgage Underwriter I: Real Estate Appraisal Review, Mortgage Loans, Underwriting & Rating Software, Lending Regulatory Compliance

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Salary estimation for Mortgage Underwriter I at companies like : HCI Group, Inc., Primerica, Inc., Verisk Analytics, Inc.