As of March 01, 2025, the average annual salary for a Mortgage Underwriter I in New Jersey is $67,123. Salary.com reports that pay typically ranges from $58,234 to $78,854, with most professionals earning between $50,141 and $89,535.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $71,947 | $5,996 | $1,384 | $35 |
| Average | $61,244 | $5,104 | $1,178 | $29 |
| 25th Percentile | $53,133 | $4,428 | $1,022 | $26 |
An entry-level Mortgage Underwriter I with under 1 year experience makes about $65,743. With less than 2 years of experience, a mid-level Mortgage Underwriter I makes around $66,746. After 2-4 years, the Mortgage Underwriter I pay rises to about $69,343. Those senior Mortgage Underwriter I with 5-8 years of experience earn roughly $69,863, and those Mortgage Underwriter I having 8 years or more experience are expected to earn about $70,209 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriter I | $65,743 |
| Intermediate Level Mortgage Underwriter I | $66,746 |
| Senior Level Mortgage Underwriter I | $69,343 |
| Specialist Level Mortgage Underwriter I | $69,863 |
| Expert Level Mortgage Underwriter I | $70,209 |
| Entry Level | 7% |
| Mid Level | 9% |
| Senior Level | 13% |
| Top Level | 14% |
| Experienced | 15% |
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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 | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $76,555 |
25.0%
|
| Washington, DC | $68,164 |
11.3%
|
| Miami, FL | $59,100 |
|
| Chicago, IL | $64,245 |
4.9%
|
| Boston, MA | $68,654 |
12.1%
|
| New York, NY | $71,533 |
16.8%
|
