As of March 01, 2026, the average salary for a Mortgage Underwriter IV in the United States is $112,254 per year, which breaks down to an hourly rate of $54.
However, a Mortgage Underwriter IV's salary can vary significantly. Here’s a look at the typical salary range:
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A Mortgage Underwriter IV's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Mortgage Underwriter IV's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Mortgage Underwriter I | 0-2 years | $65,227 |
| Mortgage Underwriter II | 2-4 years | $73,326 |
| Mortgage Underwriter III | 4-7 years | $94,937 |
| Mortgage Underwriter IV | 7+ years | $112,254 |
| Mortgage Underwriting Manager | 7+ years | $111,121 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Mortgage Underwriter IVs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 4.58% |
| Tax Return | 1.62% |
| Financial Services | 1.04% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Team Operations
|
$149,298 |
33%
|
|
Mortgage Lending
|
$133,582 |
19%
|
|
Regulatory Compliance
|
$129,092 |
15%
|
|
Onboarding
|
$127,970 |
14%
|
|
Credit Risk
|
$126,847 |
13%
|
|
Mortgage Products
|
$126,847 |
13%
|
Your level of education can impact your salary potential. While many Mortgage Underwriter IVs enter the field with a No Diploma degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Mortgage Underwriter IV with a No Diploma is between $103,316 and $108,771).
Mortgage Underwriter IV Salaries by Degree Level
| 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% |
| Doctorate | 0.0% |
Understanding how a Mortgage Underwriter IV's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on March 01, 2026For a Mortgage Underwriter IV, the most direct path to higher earnings is advancing to the Mortgage Underwriting Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $111,121 - a projected growth of -1% over your current level.
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Compensation PlanningHere are companies hiring for Mortgage Underwriter IV and their salaries, click below for more details.
Ready to take the next step in your career? Browse thousands of current Mortgage Underwriter IV job openings on our job board. Use the search bar below to find your perfect match.
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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 $141,586.
The highest pay for Mortgage Underwriter IV is $129,442.
The lowest pay for Mortgage Underwriter IV is $102,973.
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. Assesses risks to determine approval status of complex loans. May help train lower level underwriters. May require a bachelor's degree. Typically reports to a manager. A specialist on complex technical and business matters. Work is highly independent. May assume a team lead role for the work group. Typically requires 7+ years of related experience.
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.)
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