As of March 01, 2025, the average annual salary for a Mortgage Underwriting Manager in the United States is $107,188. According to Salary.com, salaries can range from a low of $73,818 to a high of $143,597, with most professionals earning between $89,721 and $126,246.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $126,246 | $10,520 | $2,428 | $61 |
| Average | $107,188 | $8,932 | $2,061 | $52 |
| 25th Percentile | $89,721 | $7,477 | $1,725 | $43 |
An entry-level Mortgage Underwriting Manager with less than 1 year of experience earns about $99,603. With 1-2 years of experience, the average salary increases to $100,377. For 2-4 years of experience, the pay typically rises to $102,183. Senior-level professionals with 5-8 years of experience earn around $104,247, and those with over 8 years of experience can expect an average of $108,023.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriting Manager | $99,603 |
| Intermediate Level Mortgage Underwriting Manager | $100,377 |
| Senior Level Mortgage Underwriting Manager | $102,183 |
| Specialist Level Mortgage Underwriting Manager | $104,247 |
| Expert Level Mortgage Underwriting Manager | $108,023 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 5% |
| Top Level | 3% |
| Experienced | 1% |
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 Underwriting Manager compensation over the past six years. For example, the median salary increased from $105,558 in 2023 to approximately $106,828 in 2024. (For a detailed analysis of Mortgage Underwriting Manager 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 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.
Here are companies hiring for Mortgage Underwriting Manager and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $107,188 | 70.3% | ||
| Bonus | $4,576 | 3.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $8,550 | 5.6% | ||
| 401K/403B | $5,253 | 3.4% | ||
| Disability | $894 | 0.6% | ||
| Healthcare | $6,056 | 4.0% | ||
| Pension | $6,147 | 4.0% | ||
| Time Off | $13,755 | 9.0% | ||
| Total Compensation | $152,418 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| Bachelors | 100.0% |
What Am I Worth?
The average annual salary of Mortgage Underwriting Manager is $107,188. In case you are finding an easy salary calculator, the average hourly pay of Mortgage Underwriting Manager is $52; the average weekly pay of Mortgage Underwriting Manager is $2,061; the average monthly pay of Mortgage Underwriting Manager is $8,932.
A Mortgage Underwriting Manager'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 Underwriting Manager earns the most in San Jose, CA, where the annual salary of a Mortgage Underwriting Manager is $134,520.
The highest pay for Mortgage Underwriting Manager is $143,597.
The lowest pay for Mortgage Underwriting Manager is $73,818.
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.
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.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
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.
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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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