Collateral Underwriter Salaries in Michigan
How Much Does a Collateral Underwriter Make in Michigan?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Collateral Underwriter in Michigan is $94,411.
While Salary.com is seeing that Collateral Underwriter salary in MI can go up to $115,708
or down to $65,571, but most earn between $79,315 and $105,559.
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
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Collateral Underwriter by Company
Loading results...
| 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
|
|
Rocket Mortgage
Collateral Coordinator
|
$57,475/yr
|
RANGE: $51,844 - $63,106
|
|
Rock Family of Companies
Collateral Coordinator
|
$57,475/yr
|
RANGE: $51,844 - $63,106
|
|
Illinois Facilities Fund
Senior Underwriter
|
$128,816/yr
|
RANGE: $115,804 - $141,828
|
|
Northern Mortgage Services
Underwriter II
|
$67,464/yr
|
RANGE: $61,073 - $73,855
|
|
Allied Insurance Managers Inc.
Assistant Underwriter
|
$64,523/yr
|
RANGE: $58,366 - $70,681
|
|
Corewell Health
Senior Underwriter
|
$87,628/yr
|
RANGE: $79,543 - $95,714
|
|
Priority Health
Senior Underwriter
|
$87,628/yr
|
RANGE: $79,543 - $95,714
|
|
Ally Financial
Open Market Associate Underwriter
|
$73,464/yr
|
RANGE: $66,831 - $80,097
|
|
Huntington National Bank
SBA Underwriter III
|
$84,496/yr
|
RANGE: $76,469 - $92,523
|
Top 10 Highest Paying Cities For Collateral Underwriter Jobs in Michigan
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 Michigan.
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 Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Collateral Underwriter salary is $96,376 in Ann Arbor,
which is higher than the national average. There are 6 cities' Collateral Underwriter salary higher than national average in Michigan.
The average salary for a Collateral Underwriter in Michigan is $94,411,
but we found that the city with the highest salary for Collateral Underwriter jobs is Ann Arbor, MI, and it is higher than Canton.
Collateral Underwriter jobs in Ann Arbor can have the opportunity to earn higher salaries than in other cities in Michigan.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Ann Arbor | $96,376 | $8,031 | $1,853 | $46 |
| Canton | $96,223 | $8,019 | $1,850 | $46 |
| Novi | $95,916 | $7,993 | $1,845 | $46 |
| Detroit | $95,878 | $7,990 | $1,844 | $46 |
| Warren | $95,878 | $7,990 | $1,844 | $46 |
| Dearborn | $95,878 | $7,990 | $1,844 | $46 |
| Dearborn Heights | $95,830 | $7,986 | $1,843 | $46 |
| Royal Oak | $95,772 | $7,981 | $1,842 | $46 |
| Westland | $95,743 | $7,979 | $1,841 | $46 |
| Taylor | $95,724 | $7,977 | $1,841 | $46 |
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
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Collateral Underwriter Salaries
What is the average of a Collateral Underwriter in Michigan?
The Collateral Underwriter salary range is from $79,315 to $105,559, and the average Collateral Underwriter salary is $94,411/year in Michigan.
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.
