As of April 01, 2025, the average annual salary for a Mortgage Underwriter IV in Salem, MA is $122,590. Salary.com reports that pay typically ranges from $111,755 to $144,090, with most professionals earning between $101,891 and $163,664.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $129,344 | $10,779 | $2,487 | $62 |
| Average | $110,045 | $9,170 | $2,116 | $53 |
| 25th Percentile | $100,319 | $8,360 | $1,929 | $48 |
An entry-level Mortgage Underwriter IV with under 1 year experience makes about $115,574. With less than 2 years of experience, a mid-level Mortgage Underwriter IV makes around $116,373. After 2-4 years, the Mortgage Underwriter IV pay rises to about $117,173. Those senior Mortgage Underwriter IV with 5-8 years of experience earn roughly $120,051, and those Mortgage Underwriter IV having 8 years or more experience are expected to earn about $129,735 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriter IV | $115,574 |
| Intermediate Level Mortgage Underwriter IV | $116,373 |
| Senior Level Mortgage Underwriter IV | $117,173 |
| Specialist Level Mortgage Underwriter IV | $120,051 |
| Expert Level Mortgage Underwriter IV | $129,735 |
| Entry Level | 5% |
| Mid Level | 6% |
| Senior Level | 6% |
| Top Level | 9% |
| Experienced | 18% |
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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
|
$163,045 |
33%
|
|
Mortgage Lending
|
$145,882 |
19%
|
|
Regulatory Compliance
|
$140,979 |
15%
|
|
Onboarding
|
$139,753 |
14%
|
|
Credit Risk
|
$138,527 |
13%
|
|
Mortgage Products
|
$138,527 |
13%
|
