As of March 01, 2025, the average annual salary for a Mortgage Underwriter IV in Novi, MI is $112,440. Salary.com reports that pay typically ranges from $106,402 to $118,892, with most professionals earning between $100,906 and $124,767.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $116,447 | $9,704 | $2,239 | $56 |
| Average | $110,127 | $9,177 | $2,118 | $53 |
| 25th Percentile | $104,214 | $8,685 | $2,004 | $50 |
An entry-level Mortgage Underwriter IV with under 1 year experience makes about $109,286. With less than 2 years of experience, a mid-level Mortgage Underwriter IV makes around $109,736. After 2-4 years, the Mortgage Underwriter IV pay rises to about $110,187. Those senior Mortgage Underwriter IV with 5-8 years of experience earn roughly $111,809, and those Mortgage Underwriter IV having 8 years or more experience are expected to earn about $115,040 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriter IV | $109,286 |
| Intermediate Level Mortgage Underwriter IV | $109,736 |
| Senior Level Mortgage Underwriter IV | $110,187 |
| Specialist Level Mortgage Underwriter IV | $111,809 |
| Expert Level Mortgage Underwriter IV | $115,040 |
| Entry Level | 1% |
| Mid Level | 0% |
| Senior Level | 0% |
| Top Level | 2% |
| Experienced | 4% |
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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 |
|---|---|---|
|
Team Operations
|
$149,545 |
33%
|
|
Mortgage Lending
|
$133,803 |
19%
|
|
Regulatory Compliance
|
$129,306 |
15%
|
|
Onboarding
|
$128,181 |
14%
|
|
Credit Risk
|
$127,057 |
13%
|
|
Mortgage Products
|
$127,057 |
13%
|
