Collateral Underwriter Salary in Elmwood, MA

How much does a Collateral Underwriter make in Elmwood, MA?

As of August 01, 2026, the average salary for a Collateral Underwriter in Elmwood, MA is $100,766 per year, which breaks down to an hourly rate of $48.

However, a Collateral Underwriter's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $118,108
  • Majority Range (25th-75th percentile): $89,298 to $109,843
  • Entry-Level (10th percentile): $78,857
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View as table View as graph 25% $89,298 10% $78,857 90% $118,108 75% $109,843 $100,766 50%(Median) Didn’t find job title? Click

Collateral Underwriter Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $109,843 $9,154 $2,112 $53
Average $100,766 $8,397 $1,938 $48
25th Percentile $89,298 $7,442 $1,717 $43
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Key Factors That Influence Collateral Underwriter Salaries

A Collateral 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, skills and company size can directly affect your earning potential.

How Experience Level Affects Collateral Underwriter Salaries?

Experience is a primary driver of a Collateral 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:

  • Entry-Level (less than 1 year): $63,345
  • Early Career (1-2 years): $83,596
  • Mid-Level (2-4 years): $101,563
  • Senior-Level (5-8 years): $125,536
  • Expert (over 8 years): $122,111
Levels Salary
Appraiser... Level Collateral Underwriter$63,345
Appraiser... Level Collateral Underwriter$83,596
Collatera... Level Collateral Underwriter$101,563
Appraiser... Level Collateral Underwriter$125,536
Appraisal... Level Collateral Underwriter$122,111
$63,345 0 yr
$83,596 < 2 yrs
$101,563 2-4 yrs
$125,536 5-8 yrs
$122,111 > 8 yrs
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What Am I Worth?

Top Paying Cities for Collateral Underwriters

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $117,993
  • San Francisco: $116,702
  • Oakland: $114,242

What Skills Can Increase a Collateral Underwriter's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 7.78% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  • Economics (Mentioned in 2.4% Job Postings): Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
  • Data Input (Mentioned in 1.32% Job Postings): Data input are information's that is provided to a computer or a software program. Input means to provide the program with some data to be used in it.
See More Skills
Skills Demand Percentage
Customer Service 7.78%
Economics 2.4%
Data Input 1.32%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Collateral Underwriter's salary.
  • Loan Servicing: Can increase your salary by up to 17%.
  • Leadership: Can increase your salary by up to 13%.
  • Real Estate Practice: Can increase your salary by up to 12%.
Skill Salary Salary % Increase
Loan Servicing
$117,897
17%
Leadership
$113,866
13%
Real Estate Practice
$112,858
12%
Collateral Management
$110,843
10%
Diversity and Inclusion
$108,828
8%
Innovation
$107,820
7%
Get Latest Data

Collateral Underwriter Salary by Industry: Top Paying Sectors

For Collateral Underwriter roles, the industry you choose can affect earning potential by as much as 100% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 50% above the average. In contrast, Collateral Underwriter positions in Insurance or Business Services typically offer lower base pay, as these industries often view Collateral Underwriter as a support function rather than a direct revenue driver.

The top paying industries for a Collateral Underwriter

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$151,150$73.050%
Edu., Gov't. & Nonprofit$110,843$53.010%

Collateral Underwriter Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Collateral 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 August 01, 2026

Find Your Next Collateral Underwriter Job

Ready to take the next step in your career? Browse thousands of current Collateral Underwriter job openings on our job board. Use the search bar below to find your perfect match.

United States
  • Saab

    Elmwood, MA

    Saab | Elmwood, MA

    SAAB seeks a Senior Software Engineer to design, build, and maintain secure, high-reliability solutions for defense and aerospace systems within our IT org... more

    7 Days Ago

  • Saab

    Elmwood, MA

    Saab | Elmwood, MA

    Saab, a leader in global defense and security systems, is seeking an experienced Senior Staff Electrical Engineer to join our dynamic team. Located in Swed... more

    7 Days Ago

  • Earn Haus

    Elmwood, MA

    Earn Haus | Elmwood, MA

    Job description. We are urgently looking for people interested in taking online surveys for Fortune 500 brands. If you are a self-starter, looking for flex... more

    22 Days Ago

  • Alchemy

    WARREN, NJ

    Alchemy | WARREN, NJ

    Required Qualifications & Skills. Bachelor’s degree in Business, Technology, Data Science, or a related field (MBA preferred). 8+ years of experience in Pr... more

    10 Days Ago

  • Alchemy

    SANTA CLARA, CA

    Alchemy | SANTA CLARA, CA

    Required SkillsExperience. Total IT 10+ Years. 4–7 years of software engineering with at least 2 years focused on LLM application development in production... more

    10 Days Ago

  • Nedia Enterprises Inc

    , VA

    Nedia Enterprises Inc | , VA

    Job Summary. Administrative assistant. Nedia Enterprises Inc. Full-time. In-Office | Asbburn, VA, United States. The Opportunity. You’re the kind of person... more

    7 Days Ago

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