As of March 01, 2025, the average annual salary for a Mortgage Underwriter I in Troy, MI is $61,489. Salary.com reports that pay typically ranges from $53,346 to $72,235, with most professionals earning between $45,932 and $82,019.
| 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 $60,225. With less than 2 years of experience, a mid-level Mortgage Underwriter I makes around $61,143. After 2-4 years, the Mortgage Underwriter I pay rises to about $63,523. Those senior Mortgage Underwriter I with 5-8 years of experience earn roughly $63,999, and those Mortgage Underwriter I having 8 years or more experience are expected to earn about $64,316 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriter I | $60,225 |
| Intermediate Level Mortgage Underwriter I | $61,143 |
| Senior Level Mortgage Underwriter I | $63,523 |
| Specialist Level Mortgage Underwriter I | $63,999 |
| Expert Level Mortgage Underwriter I | $64,316 |
| Entry Level | 2% |
| Mid Level | 0% |
| Senior Level | 4% |
| Top Level | 4% |
| Experienced | 5% |
Not the salary data you are looking for? Choose the city salary you want to see.
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.
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
|
$81,165 |
32%
|
|
Partnering
|
$70,712 |
15%
|
|
Verbal Communication
|
$67,023 |
9%
|
|
Presentation
|
$65,793 |
7%
|
|
Insight
|
$65,178 |
6%
|
|
Tax Return
|
$65,178 |
6%
|
