How much does a Mortgage Underwriter I make in Iowa? The average Mortgage Underwriter I salary in Iowa is $57,227 as of February 26, 2024, but the range typically falls between $49,641 and $67,221. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Mortgage Underwriter I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Underwriter I Salary $42,735 IA February 26, 2024
25th Percentile Mortgage Underwriter I Salary $49,641 IA February 26, 2024
50th Percentile Mortgage Underwriter I Salary $57,227 IA February 26, 2024
75th Percentile Mortgage Underwriter I Salary $67,221 IA February 26, 2024
90th Percentile Mortgage Underwriter I Salary $76,320 IA February 26, 2024
25% $49,641 10% $42,735 90% $76,320 75% $67,221 $57,227 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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Job Openings for Mortgage Underwriter I in Iowa

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Location Avg. Salary Date Updated
Location Ackley, IA Avg. Salary $53,578 Date Updated February 26, 2024
Location Ackworth, IA Avg. Salary $57,497 Date Updated February 26, 2024
Location Adair, IA Avg. Salary $57,210 Date Updated February 26, 2024
Location Adel, IA Avg. Salary $57,353 Date Updated February 26, 2024
Location Afton, IA Avg. Salary $57,210 Date Updated February 26, 2024
Location Agency, IA Avg. Salary $56,943 Date Updated February 26, 2024
Location Ainsworth, IA Avg. Salary $56,676 Date Updated February 26, 2024
Location Akron, IA Avg. Salary $51,408 Date Updated February 26, 2024
Location Albert City, IA Avg. Salary $51,372 Date Updated February 26, 2024
Location Albia, IA Avg. Salary $57,210 Date Updated February 26, 2024

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.

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Mortgage Underwriter I Salary in Iowa
Mortgage Underwriter I Salary Graph, Regional Distribution and Summary