As of April 01, 2025, the average annual salary for a Mortgage Underwriter I in Madison, AL is $59,574. Salary.com reports that pay typically ranges from $53,797 to $63,764, with most professionals earning between $48,537 and $67,579.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $65,872 | $5,489 | $1,267 | $32 |
| Average | $61,543 | $5,129 | $1,184 | $30 |
| 25th Percentile | $55,575 | $4,631 | $1,069 | $27 |
An entry-level Mortgage Underwriter I with under 1 year experience makes about $59,143. With less than 2 years of experience, a mid-level Mortgage Underwriter I makes around $59,699. After 2-4 years, the Mortgage Underwriter I pay rises to about $60,637. Those senior Mortgage Underwriter I with 5-8 years of experience earn roughly $60,825, and those Mortgage Underwriter I having 8 years or more experience are expected to earn about $60,950 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriter I | $59,143 |
| Intermediate Level Mortgage Underwriter I | $59,699 |
| Senior Level Mortgage Underwriter I | $60,637 |
| Specialist Level Mortgage Underwriter I | $60,825 |
| Expert Level Mortgage Underwriter I | $60,950 |
| Entry Level | 4% |
| Mid Level | 3% |
| Senior Level | 1% |
| Top Level | 1% |
| Experienced | 1% |
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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
|
$78,637 |
32%
|
|
Partnering
|
$68,510 |
15%
|
|
Verbal Communication
|
$64,935 |
9%
|
|
Presentation
|
$63,744 |
7%
|
|
Insight
|
$63,148 |
6%
|
|
Tax Return
|
$63,148 |
6%
|
