As of April 01, 2025, the average annual salary for a Mortgage Underwriter III in Madison, WI is $93,004. According to Salary.com, salaries can range from a low of $76,454 to a high of $106,249, with most professionals earning between $84,341 and $99,937.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $101,438 | $8,453 | $1,951 | $49 |
| Average | $94,401 | $7,867 | $1,815 | $45 |
| 25th Percentile | $85,608 | $7,134 | $1,646 | $41 |
An entry-level Mortgage Underwriter III with under 1 year experience makes about $89,125. With less than 2 years of experience, a mid-level Mortgage Underwriter III makes around $89,771. After 2-4 years, the Mortgage Underwriter III pay rises to about $91,452. Those senior Mortgage Underwriter III with 5-8 years of experience earn roughly $93,728, and those Mortgage Underwriter III having 8 years or more experience are expected to earn about $96,108 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriter III | $89,125 |
| Intermediate Level Mortgage Underwriter III | $89,771 |
| Senior Level Mortgage Underwriter III | $91,452 |
| Specialist Level Mortgage Underwriter III | $93,728 |
| Expert Level Mortgage Underwriter III | $96,108 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 3% |
| Top Level | 1% |
| Experienced | 2% |
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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
|
$106,954 |
15%
|
|
Team Management
|
$105,094 |
13%
|
|
Insight
|
$103,234 |
11%
|
|
Communication Skills
|
$101,374 |
9%
|
|
Written Communication
|
$101,374 |
9%
|
|
Financial Services
|
$100,444 |
8%
|
