How much does a Mortgage Underwriter I make in the United States? The average Mortgage Underwriter I salary in the United States is $59,921 as of April 24, 2024, but the range typically falls between $51,986 and $70,391. 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. 

Mortgage Underwriter I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Underwriter I Salary $44,762 US April 24, 2024
25th Percentile Mortgage Underwriter I Salary $51,986 US April 24, 2024
50th Percentile Mortgage Underwriter I Salary $59,921 US April 24, 2024
75th Percentile Mortgage Underwriter I Salary $70,391 US April 24, 2024
90th Percentile Mortgage Underwriter I Salary $79,923 US April 24, 2024
25% $51,986 10% $44,762 90% $79,923 75% $70,391 $59,921 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage Underwriter I need?

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.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Tax Return: Calculating an entity’s income earned with the amount of tax payable to the government, organizations, or potential taxpayers.

3.

Mortgage Products: Mortgage Products means residential real estate secured loan products as from time to time offered by Bank.

Analysis 4.9%
Tax Return 1.73%
Mortgage Products 0.96%
Others 92.41%

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 2024 Salary.com)... View full job description

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Salary.com job board provides millions of Mortgage Underwriter I information for you to search for. Click on search button below to see Mortgage Underwriter I job openings or enter a new job title here.

Job Openings for Mortgage Underwriter I
  • The. Mortgage Fulfillment Underwriter. ensures that the assets reviewed meet all applicable investor guidelines, through a complete knowledge of requiremen...
    - 4 Days Ago
  • Position Summary. The Mortgage Fulfillment Underwriter ensures that the assets reviewed meet all applicable investor guidelines, through a complete knowled...
    - 2 Days Ago
  • Mphasis Digital Risk is a one stop shop for Mortgage Solutions offering cutting-edge technology tailored to deliver high performance solutions for our clie...
    - 4 Days Ago
  • The Mortgage Underwriter will evaluate and verify loan applications and information to determine the borrower’s creditworthiness and financial risk. They w...
    - 3 Days Ago
  • SENIOR MORTGAGE UNDERWRITER. Farmers Bank of Kansas City. is growing and in need a highly motivated, experienced Sr. Underwriter. As a new member of our te...
    - 4 Days Ago

Career Path for Mortgage Underwriter I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Mortgage Underwriter I, the upper level is Mortgage Underwriter II and then progresses to Mortgage Underwriter IV.

Those that have already made the climb...
Patrick J. Haveron, Co-Chief Executive Officer and Chief Financial Officer
Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers in Europe, the United States, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The company writes treaties on a quota share basis and... More
Fiscal Year Ended in 2022
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Mortgage Underwriter I salary varies from city to city. Compared with national average salary of Mortgage Underwriter I, the highest Mortgage Underwriter I salary is in San Francisco, CA, where the Mortgage Underwriter I salary is 25.0% above. The lowest Mortgage Underwriter I salary is in Miami, FL, where the Mortgage Underwriter I salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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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

 
 
 
51986
70391
59921

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
53690
73677
62043
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 $51,986 to $70,391 with the average base salary of $59,921. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $53,690 to $73,677 with the average total cash compensation of $62,043.
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51986
70391

 

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

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Mortgage Underwriter I Salary in United States
Mortgage Underwriter I Salary Graph, Regional Distribution and Summary