As of March 01, 2026, the average salary for a Commercial Mortgage Underwriter in the United States is $70,135 per year, which breaks down to an hourly rate of $34.
However, a Commercial Mortgage Underwriter's salary can vary significantly. Here’s a look at the typical salary range:
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A Commercial Mortgage Underwriter's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Commercial Mortgage Underwriter's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Loan Unde... Level Commercial Mortgage Underwriter | $58,838 |
| Commercia... Level Commercial Mortgage Underwriter | $68,717 |
| Loan Unde... Level Commercial Mortgage Underwriter | $84,651 |
| Loan Unde... Level Commercial Mortgage Underwriter | $102,785 |
| Loan Unde... Level Commercial Mortgage Underwriter | $94,586 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Commercial Mortgage Underwriters. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 18.91% |
| Commercial Loans | 2.27% |
| Billing | 1.5% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Critical Thinking
|
$110,111 |
57%
|
|
Loan Review
|
$84,863 |
21%
|
|
Analysis
|
$84,863 |
21%
|
|
Billing
|
$82,057 |
17%
|
|
Cash Flow Analysis
|
$81,356 |
16%
|
|
Flexibility
|
$81,356 |
16%
|
Your level of education can impact your salary potential. While many Commercial Mortgage Underwriters enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Commercial Mortgage Underwriter with a Bachelor's Degree is between $70,776 and $76,290).
Commercial Mortgage Underwriter Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 18.2% |
| High School | 18.2% |
| Associates | 13.6% |
| Bachelors | 68.2% |
| Masters | 13.6% |
| Doctorate | 0.0% |
Understanding how a Commercial Mortgage Underwriter's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on March 01, 2026Salaries for a Commercial Mortgage Underwriter can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $68,295 in 2023 to around $67,625 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Commercial Mortgage Underwriter salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $68,295 |
| 2024 | $67,939 |
| 2025 | $67,625 |
| 2026 |
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|
| 2027 |
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|
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Compensation PlanningHere are companies hiring for Commercial Mortgage Underwriter and their salaries, click below for more details.
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