Mortgage Underwriting Manager Salary in Rockford, Illinois

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Mortgage Underwriting Manager Salary in Rockford, IL

What is the highest and lowest pay for Mortgage Underwriting Manager?

As of December 01, 2024, the average annual pay of Mortgage Underwriting Manager in Rockford, IL is $104,052. While Salary.com is seeing that the highest pay for Mortgage Underwriting Manager in Rockford, IL can go up to $139,401 and the lowest down to $71,654, but most earn between $87,094 and $122,555. Salary.com shows 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.

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Mortgage Underwriting Manager Salaries by Percentile
Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $125,440 $10,453 $2,412 $60
Average $106,501 $8,875 $2,048 $51
25th Percentile $89,144 $7,429 $1,714 $43
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Average Salary

25% $87,094 10% $71,654 90% $139,401 75% $122,555 $104,052 50%(Median) Didn’t find job title? Click
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View Mortgage Underwriting Manager Salary by Hour, Week, Month, Year

Salary.com provides you with accurate and diversified Mortgage Underwriting Manager salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Mortgage Underwriting Manager hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
$89,144
Average
$106,501/year
$125,440
$7,429
Average
$8,875/month
$10,453
$1,714
Average
$2,048/week
$2,412
$43
Average
$51/hour
$60
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $125,440 $10,453 $2,412 $60
Average $106,501 $8,875 $2,048 $51
25th Percentile $89,144 $7,429 $1,714 $43
Last Updated on December 01, 2024

View Mortgage Underwriting Manager Salary by Experience Levels

An entry-level Mortgage Underwriting Manager with under 1 year experience makes about $97,312. With less than 2 years of experience, a mid-level Mortgage Underwriting Manager makes around $98,068. After 2-4 years, the Mortgage Underwriting Manager pay rises to about $99,833. Those senior Mortgage Underwriting Manager with 5-8 years of experience earn roughly $101,850, and those Mortgage Underwriting Manager having 8 years or more experience are expected to earn about $105,538 on average.

Levels Salary
Entry Level Mortgage Underwriting Manager $97,312
Intermediate Level Mortgage Underwriting Manager $98,068
Senior Level Mortgage Underwriting Manager $99,833
Specialist Level Mortgage Underwriting Manager $101,850
Expert Level Mortgage Underwriting Manager $105,538
$97,312 0 yr
$98,068 < 2 yrs
$99,833 2-4 yrs
$101,850 5-8 yrs
$105,538 > 8 yrs
Last Updated on December 01, 2024
Entry Level 9%
Mid Level 8%
Senior Level 6%
Top Level 4%
Experienced 1%
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Last Updated on December 01, 2024

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Job Openings of Mortgage Underwriting Manager

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Cost of Living In Rockford, IL

Cost of Living in Rockford , IL is
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than the National Average
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Best-Paid Skills and Qualifications for Mortgage Underwriting Manager

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.

See More Skills
Leadership 4.48%
Mortgage Banking 1.16%
Microsoft Office 0.82%
Others 93.54%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Mortgage Underwriting Manager higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Loan Underwriting, you can get a 12% salary raise. If you are good at Loss Mitigation, your salary will increase by 9%. If you are expert in Team Management, your salary will rise by 9%.
Skill Salary Demand
Loan Underwriting
 $116,538
12%
Loss Mitigation
 $113,416
9%
Team Management
 $113,416
9%
Planning
 $111,335
7%
PowerPoint
 $111,335
7%
Credit Risk
 $110,295
6%
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Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Mortgage Underwriting Manager is $104,052 per year in Rockford, IL, updated at December 01, 2024.
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