How much does a Mortgage Underwriter II make in the United States? The average Mortgage Underwriter II salary in the United States is $72,541 as of June 27, 2024, but the range typically falls between $63,276 and $83,311. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Mortgage Underwriter II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Underwriter II Salary $54,840 US June 27, 2024
25th Percentile Mortgage Underwriter II Salary $63,276 US June 27, 2024
50th Percentile Mortgage Underwriter II Salary $72,541 US June 27, 2024
75th Percentile Mortgage Underwriter II Salary $83,311 US June 27, 2024
90th Percentile Mortgage Underwriter II Salary $93,117 US June 27, 2024
25% $63,276 10% $54,840 90% $93,117 75% $83,311 $72,541 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage Underwriter II 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 1.68%
Mortgage Products 0.96%
Others 92.46%
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Job Description for Mortgage Underwriter II

Mortgage Underwriter II 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 II assesses risks to determine approval status. May require a bachelor's degree. Additionally, Mortgage Underwriter II typically reports to a supervisor or manager. The Mortgage Underwriter II gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Mortgage Underwriter II typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Salary.com job board provides millions of Mortgage Underwriter II information for you to search for. Click on search button below to see Mortgage Underwriter II job openings or enter a new job title here.

Job Openings for Mortgage Underwriter II
  • This position offers an optional hybrid work schedule, with three days working in the office and two days working remotely. Are you looking to kick-start y...
    - 1 Month Ago
  • Accountant Level II. Families and Youth Innovation Plus is hiring a full-time Accountant Level II. The Accountant II is responsible for the fundamental asp...
    - 2 Months Ago
  • United Wholesale Mortgage (UWM) is America’s #1 mortgage lender and we’re looking to fill an immediate need for underwriters. Join a company that invests i...
    - 11 Months Ago
  • United Wholesale Mortgage (UWM) is America’s #1 mortgage lender and we’re looking to fill an immediate need for underwriters. When you join UWM as an under...
    - 11 Months Ago
  • Requisition ID: 39064. Job Location(s). Milwaukee, WI, US. Job Description. Danfoss engineers products and technologies that enable the world of tomorrow t...
    - 1 Month Ago

Career Path for Mortgage Underwriter II

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 II, the upper level is Mortgage Underwriter III and then progresses to Mortgage Underwriter IV.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Mortgage Underwriter II salary varies from city to city. Compared with national average salary of Mortgage Underwriter II, the highest Mortgage Underwriter II salary is in San Francisco, CA, where the Mortgage Underwriter II salary is 25.0% above. The lowest Mortgage Underwriter II salary is in Miami, FL, where the Mortgage Underwriter II salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

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Understand the total compensation opportunity for a Mortgage Underwriter II, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
63276
83311
72541

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
65162
87708
75038
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Underwriter II in the United States. The base salary for Mortgage Underwriter II ranges from $63,276 to $83,311 with the average base salary of $72,541. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $65,162 to $87,708 with the average total cash compensation of $75,038.
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63276
83311

 

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Skills associated with Mortgage Underwriter II: Underwriting & Rating Software, Mortgage Loans, Lending Regulatory Compliance, Real Estate Appraisal Report

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Mortgage Underwriter II Salary in United States
Mortgage Underwriter II Salary Graph, Regional Distribution and Summary