How much does a Mortgage Underwriting Manager make in the United States? The average Mortgage Underwriting Manager salary in the United States is $105,138 as of May 28, 2024, but the range typically falls between $88,000 and $123,829. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Mortgage Underwriting Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Underwriting Manager Salary $72,396 US May 28, 2024
25th Percentile Mortgage Underwriting Manager Salary $88,000 US May 28, 2024
50th Percentile Mortgage Underwriting Manager Salary $105,138 US May 28, 2024
75th Percentile Mortgage Underwriting Manager Salary $123,829 US May 28, 2024
90th Percentile Mortgage Underwriting Manager Salary $140,845 US May 28, 2024
25% $88,000 10% $72,396 90% $140,845 75% $123,829 $105,138 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage Underwriting Manager need?

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.

1.

Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.

2.

Mortgage Banking: Mortgage banking generally involves loan originations as well as purchases and sales of loans through the secondary mortgage market. A bank engaged in mortgage banking may retain or sell loans it originates or purchases from affiliates, brokers, or correspondents.

3.

Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

Leadership 4.48%
Mortgage Banking 1.16%
Microsoft Office 0.82%
Others 93.54%
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Job Description for Mortgage Underwriting Manager

Mortgage Underwriting Manager provides quality mortgage loans to customers. Reviews and develops all aspects of mortgage loan guidelines to ensure compliance with federal and state regulations. Being a Mortgage Underwriting Manager monitors processes and systems of mortgage loans and promotes the new line of businesses. Requires a bachelor's degree. Additionally, Mortgage Underwriting Manager typically reports to a head of a unit/department. The Mortgage Underwriting Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Mortgage Underwriting Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)... View full job description

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Salary.com job board provides millions of Mortgage Underwriting Manager information for you to search for. Click on search button below to see Mortgage Underwriting Manager job openings or enter a new job title here.

Job Openings for Mortgage Underwriting Manager
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Mortgage Underwriting Manager salary varies from city to city. Compared with national average salary of Mortgage Underwriting Manager, the highest Mortgage Underwriting Manager salary is in San Francisco, CA, where the Mortgage Underwriting Manager salary is 25.0% above. The lowest Mortgage Underwriting Manager salary is in Miami, FL, where the Mortgage Underwriting Manager salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Mortgage Underwriting Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
88000
123829
105138

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
92864
131159
109625
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Underwriting Manager in the United States. The base salary for Mortgage Underwriting Manager ranges from $88,000 to $123,829 with the average base salary of $105,138. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $92,864 to $131,159 with the average total cash compensation of $109,625.
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88000
123829

 

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Skills associated with Mortgage Underwriting Manager: Underwriting & Rating Software, Real Estate Appraisal Report, Mortgage Loans, Lending Regulatory Compliance

Jobs with a similar salary range to Mortgage Underwriting Manager : Commercial Credit Manager, Mortgage Manager, Mortgage Underwriter Team Lead

Salary estimation for Mortgage Underwriting Manager at companies like : Kelvin Medical Hospital, TEDxUniversityofPittsburgh xts h, First National Bank & Trust of Ardmore

Mortgage Underwriting Manager Salary in United States
Mortgage Underwriting Manager Salary Graph, Regional Distribution and Summary