As of April 01, 2025, the average annual salary for a Mortgage Underwriter III in Elizabeth, NJ is $106,900. According to Salary.com, salaries can range from a low of $87,877 to a high of $122,123, with most professionals earning between $96,942 and $114,868.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $114,868 | $9,572 | $2,209 | $55 |
| Average | $106,900 | $8,908 | $2,056 | $51 |
| 25th Percentile | $96,942 | $8,079 | $1,864 | $47 |
An entry-level Mortgage Underwriter III with under 1 year experience makes about $102,441. With less than 2 years of experience, a mid-level Mortgage Underwriter III makes around $103,184. After 2-4 years, the Mortgage Underwriter III pay rises to about $105,116. Those senior Mortgage Underwriter III with 5-8 years of experience earn roughly $107,732, and those Mortgage Underwriter III having 8 years or more experience are expected to earn about $110,468 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriter III | $102,441 |
| Intermediate Level Mortgage Underwriter III | $103,184 |
| Senior Level Mortgage Underwriter III | $105,116 |
| Specialist Level Mortgage Underwriter III | $107,732 |
| Expert Level Mortgage Underwriter III | $110,468 |
| Entry Level | 9% |
| Mid Level | 9% |
| Senior Level | 11% |
| Top Level | 14% |
| Experienced | 17% |
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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 |
|---|---|---|
|
Analytical Skills
|
$122,935 |
15%
|
|
Team Management
|
$120,797 |
13%
|
|
Insight
|
$118,659 |
11%
|
|
Communication Skills
|
$116,521 |
9%
|
|
Written Communication
|
$116,521 |
9%
|
|
Financial Services
|
$115,452 |
8%
|
