As of April 01, 2025, the average annual salary for a Mortgage Underwriter I in Bloomfield, NJ is $70,307. Salary.com reports that pay typically ranges from $63,489 to $75,252, with most professionals earning between $57,282 and $79,755.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $75,252 | $6,271 | $1,447 | $36 |
| Average | $70,307 | $5,859 | $1,352 | $34 |
| 25th Percentile | $63,489 | $5,291 | $1,221 | $31 |
An entry-level Mortgage Underwriter I with under 1 year experience makes about $69,798. With less than 2 years of experience, a mid-level Mortgage Underwriter I makes around $70,454. After 2-4 years, the Mortgage Underwriter I pay rises to about $71,562. Those senior Mortgage Underwriter I with 5-8 years of experience earn roughly $71,783, and those Mortgage Underwriter I having 8 years or more experience are expected to earn about $71,931 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriter I | $69,798 |
| Intermediate Level Mortgage Underwriter I | $70,454 |
| Senior Level Mortgage Underwriter I | $71,562 |
| Specialist Level Mortgage Underwriter I | $71,783 |
| Expert Level Mortgage Underwriter I | $71,931 |
| Entry Level | 13% |
| Mid Level | 14% |
| Senior Level | 16% |
| Top Level | 17% |
| Experienced | 17% |
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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 |
|---|---|---|
|
Consulting
|
$92,805 |
32%
|
|
Partnering
|
$80,853 |
15%
|
|
Verbal Communication
|
$76,634 |
9%
|
|
Presentation
|
$75,228 |
7%
|
|
Insight
|
$74,525 |
6%
|
|
Tax Return
|
$74,525 |
6%
|
