As of March 01, 2025, the average annual salary for a Mortgage Underwriter IV in the United States is $110,016. Salary.com reports that pay typically ranges from $100,292 to $129,313, with most professionals earning between $91,438 and $146,883.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $129,313 | $10,776 | $2,487 | $62 |
| Average | $110,016 | $9,168 | $2,116 | $53 |
| 25th Percentile | $100,292 | $8,358 | $1,929 | $48 |
An entry-level Mortgage Underwriter IV with less than 1 year of experience earns about $103,747. With 1-2 years of experience, the average salary increases to $104,464. For 2-4 years of experience, the pay typically rises to $105,182. Senior-level professionals with 5-8 years of experience earn around $107,766, and those with over 8 years of experience can expect an average of $116,459.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriter IV | $103,747 |
| Intermediate Level Mortgage Underwriter IV | $104,464 |
| Senior Level Mortgage Underwriter IV | $105,182 |
| Specialist Level Mortgage Underwriter IV | $107,766 |
| Expert Level Mortgage Underwriter IV | $116,459 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 4% |
| Top Level | 2% |
| Experienced | 6% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Mortgage Underwriter IV compensation over the past six years. For example, the median salary increased from $109,088 in 2023 to approximately $109,743 in 2024. (For a detailed analysis of Mortgage Underwriter IV salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Mortgage Underwriter IV information for you to search for. Click on search button below to see Mortgage Underwriter IV job openings or enter a new job title here.
Here are companies hiring for Mortgage Underwriter IV and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $110,016 | 67.2% | ||
| Bonus | $11,421 | 7.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $9,290 | 5.7% | ||
| 401K/403B | $3,765 | 2.3% | ||
| Disability | $1,093 | 0.7% | ||
| Healthcare | $5,345 | 3.3% | ||
| Pension | $6,558 | 4.0% | ||
| Time Off | $16,347 | 10.0% | ||
| Total Compensation | $163,834 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 5.6% |
| High School | 44.4% |
| Associates | 5.6% |
| Bachelors | 38.9% |
| Masters | 5.6% |
What Am I Worth?
The average annual salary of Mortgage Underwriter IV is $110,016. In case you are finding an easy salary calculator, the average hourly pay of Mortgage Underwriter IV is $53; the average weekly pay of Mortgage Underwriter IV is $2,116; the average monthly pay of Mortgage Underwriter IV is $9,168.
A Mortgage Underwriter IV's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Mortgage Underwriter IV earns the most in San Jose, CA, where the annual salary of a Mortgage Underwriter IV is $138,070.
The highest pay for Mortgage Underwriter IV is $146,883.
The lowest pay for Mortgage Underwriter IV is $91,438.
Mortgage Underwriter IV underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Monitors property appraisal process and assists with property inspections. Being a Mortgage Underwriter IV assesses risks to determine approval status of complex loans. May help train lower level underwriters. Additionally, Mortgage Underwriter IV may require a bachelor's degree. Typically reports to a manager. Mortgage Underwriter IV is a specialist on complex technical and business matters. Work is highly independent. May assume a team lead role for the work group. To be a Mortgage Underwriter IV typically requires 7+ years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
