Collateral Underwriter Salaries in Indiana
How Much Does a Collateral Underwriter Make in Indiana?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Collateral Underwriter in Indiana is $92,024.
While Salary.com is seeing that Collateral Underwriter salary in IN can go up to $112,783
or down to $63,913, but most earn between $77,309 and $102,890.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Collateral Underwriter
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Similar Job Salaries to Collateral Underwriter by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Jet HomeLoans, a Dream Finders Homes company
Collateral Underwriter w/ DE
|
$79,946/yr
|
RANGE: $73,393 - $86,499
|
|
Merchants Bank of Indiana
Underwriter
|
$78,452/yr
|
RANGE: $71,454 - $85,449
|
|
Merchants Capital
Underwriter
|
$78,452/yr
|
RANGE: $71,454 - $85,449
|
|
Aon Corporation
Underwriter
|
$75,639/yr
|
RANGE: $69,085 - $82,193
|
|
Freedom Mortgage
Analyst, Doc Management Collateral
|
$50,038/yr
|
RANGE: $44,592 - $55,484
|
|
Centier Bank
Credit Underwriter
|
$66,729/yr
|
RANGE: $60,173 - $73,284
|
|
Citizens Bank
Mortgage Underwriter
|
$68,950/yr
|
RANGE: $61,973 - $75,927
|
|
Risk Placement Services, Inc.
Senior Underwriter
|
$83,706/yr
|
RANGE: $75,982 - $91,429
|
|
Cypress HCM
Commercial Underwriter
|
$134,514/yr
|
RANGE: $120,709 - $148,319
|
|
TIH
Inside Underwriter
|
$67,330/yr
|
RANGE: $60,901 - $73,758
|
Top 10 Highest Paying Cities For Collateral Underwriter Jobs in Indiana
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Collateral Underwriter can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Collateral Underwriter job salaries in Indiana.
Some cities can pay higher salaries for Collateral Underwriter jobs, which can indicate that there is a large demand for Collateral Underwriter positions in this city.
The following table shows top 10 cities where the Collateral Underwriter salary is higher than other cities in Indiana.
Hammond takes first place in this list, followed by Gary, Indianapolis.
The Collateral Underwriter salary is $95,341 in Hammond,
which is lower than the national average. There is 0 city's Collateral Underwriter salary higher than national average in Indiana.
The average salary for a Collateral Underwriter in Indiana is $92,024,
but we found that the city with the highest salary for Collateral Underwriter jobs is Hammond, IN, and it is higher than Gary.
Collateral Underwriter jobs in Hammond can have the opportunity to earn higher salaries than in other cities in Indiana.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Hammond | $95,341 | $7,945 | $1,833 | $46 |
| Gary | $95,341 | $7,945 | $1,833 | $46 |
| Indianapolis | $93,280 | $7,773 | $1,794 | $45 |
| Greenwood | $93,241 | $7,770 | $1,793 | $45 |
| Carmel | $93,165 | $7,764 | $1,792 | $45 |
| Lafayette | $92,704 | $7,725 | $1,783 | $45 |
| Elkhart | $92,570 | $7,714 | $1,780 | $45 |
| Evansville | $90,806 | $7,567 | $1,746 | $44 |
| Fort Wayne | $89,435 | $7,453 | $1,720 | $43 |
| South Bend | $89,224 | $7,435 | $1,716 | $43 |
What Does a Collateral Underwriter Do?
Collateral Underwriter (CU) program is intended to give lenders access to the same appraisal analytics that Fannie Mae uses in its quality control process.
Updated November 04, 2021
Upon resubmission, Collateral Underwriter analyzes the revised appraisal as if it were a new appraisal.
Updated October 04, 2021
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Explore JobArchitectFrequently Asked Questions About a Collateral Underwriter Salaries
What is the average of a Collateral Underwriter in Indiana?
The Collateral Underwriter salary range is from $77,309 to $102,890, and the average Collateral Underwriter salary is $92,024/year in Indiana.
The Collateral Underwriter's salary will change in different locations.
Which location pays the highest Collateral Underwriter salary in the United States?
The Collateral Underwriter salary in San Jose, CA is $120,918
which is the highest in the US.
What kinds of reasons will influence the Collateral Underwriter's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Collateral Underwriter.
What is the growth rate of the Collateral Underwriter's salary?
If you are thinking of becoming a Collateral Underwriter or planning the next step in your career, find the detailed salary report of a Collateral Underwriter.
