As of April 01, 2025, the average annual salary for a Mortgage Underwriter III in Lakeville, MN is $98,177. According to Salary.com, salaries can range from a low of $80,707 to a high of $112,159, with most professionals earning between $89,032 and $105,496.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $105,496 | $8,791 | $2,029 | $51 |
| Average | $98,177 | $8,181 | $1,888 | $47 |
| 25th Percentile | $89,032 | $7,419 | $1,712 | $43 |
An entry-level Mortgage Underwriter III with under 1 year experience makes about $94,082. With less than 2 years of experience, a mid-level Mortgage Underwriter III makes around $94,765. After 2-4 years, the Mortgage Underwriter III pay rises to about $96,539. Those senior Mortgage Underwriter III with 5-8 years of experience earn roughly $98,942, and those Mortgage Underwriter III having 8 years or more experience are expected to earn about $101,454 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriter III | $94,082 |
| Intermediate Level Mortgage Underwriter III | $94,765 |
| Senior Level Mortgage Underwriter III | $96,539 |
| Specialist Level Mortgage Underwriter III | $98,942 |
| Expert Level Mortgage Underwriter III | $101,454 |
| Entry Level | 0% |
| Mid Level | 0% |
| Senior Level | 2% |
| Top Level | 5% |
| Experienced | 7% |
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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
|
$112,904 |
15%
|
|
Team Management
|
$110,940 |
13%
|
|
Insight
|
$108,977 |
11%
|
|
Communication Skills
|
$107,013 |
9%
|
|
Written Communication
|
$107,013 |
9%
|
|
Financial Services
|
$106,031 |
8%
|
