As of March 01, 2025, the average annual salary for a Mortgage Underwriter III in Massachusetts is $97,700. According to Salary.com, salaries can range from a low of $76,479 to a high of $124,951, with most professionals earning between $86,592 and $111,964.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $102,908 | $8,576 | $1,979 | $49 |
| Average | $89,798 | $7,483 | $1,727 | $43 |
| 25th Percentile | $79,588 | $6,632 | $1,531 | $38 |
An entry-level Mortgage Underwriter III with under 1 year experience makes about $91,732. With less than 2 years of experience, a mid-level Mortgage Underwriter III makes around $92,552. After 2-4 years, the Mortgage Underwriter III pay rises to about $94,684. Those senior Mortgage Underwriter III with 5-8 years of experience earn roughly $98,126, and those Mortgage Underwriter III having 8 years or more experience are expected to earn about $102,966 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriter III | $91,732 |
| Intermediate Level Mortgage Underwriter III | $92,552 |
| Senior Level Mortgage Underwriter III | $94,684 |
| Specialist Level Mortgage Underwriter III | $98,126 |
| Expert Level Mortgage Underwriter III | $102,966 |
| Entry Level | 2% |
| Mid Level | 3% |
| Senior Level | 5% |
| Top Level | 9% |
| Experienced | 15% |
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Mortgage Underwriter III salary varies from city to city. Compared with national average salary of Mortgage Underwriter III, the highest Mortgage Underwriter III salary is in San Francisco, CA, where the Mortgage Underwriter III salary is 25.0% above. The lowest Mortgage Underwriter III salary is in Miami, FL, where the Mortgage Underwriter III salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $112,247 |
25.0%
|
| Washington, DC | $99,945 |
11.3%
|
| Miami, FL | $86,655 |
|
| Chicago, IL | $94,198 |
4.9%
|
| Boston, MA | $100,663 |
12.1%
|
| New York, NY | $104,884 |
16.8%
|
