How Much Does a Collateral Underwriter Make in Washington?

Updated April 01, 2025
As of April 01, 2025, the average annual pay of Collateral Underwriter in Washington is $103,950. While Salary.com is seeing that Collateral Underwriter salary in WA can go up to $127,399 or down to $72,196, but most earn between $87,328 and $116,224. 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.
25% $87,328 10% $72,196 90% $127,399 75% $116,224 $103,950 50%(Median)
Related Job Titles to Collateral Underwriter
Collateral Appraiser
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Collateral Analyst
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Collateral Examiner
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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
$73,393
$86,499
RANGE: $73,393 - $86,499
RealREPP
Underwriter
$76,586/yr
$69,273
$83,899
RANGE: $69,273 - $83,899
Diedre Moire Corp.
Insurance Underwriter
$68,621/yr
$61,822
$75,419
RANGE: $61,822 - $75,419
Gallagher UK
Associate Underwriter
$76,586/yr
$69,273
$83,899
RANGE: $69,273 - $83,899
Brown & Brown Insurance
Renewal Underwriter
$73,920/yr
$66,315
$81,525
RANGE: $66,315 - $81,525
Sound Credit Union
Consumer Loan Underwriter
$69,003/yr
$61,447
$76,558
RANGE: $61,447 - $76,558
CopperPoint Insurance Companies
Associate Underwriter Team Lead
$96,679/yr
$88,160
$105,198
RANGE: $88,160 - $105,198
$71,170/yr
$64,439
$77,902
RANGE: $64,439 - $77,902
Boeing Employees Credit Union
Sr. Mortgage Loan Underwriter
$106,397/yr
$97,838
$114,957
RANGE: $97,838 - $114,957

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Top 10 Highest Paying Cities For Collateral Underwriter Jobs in Washington

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 Washington. 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 Washington. Seattle takes first place in this list, followed by Bellevue, Renton. The Collateral Underwriter salary is $105,973 in Seattle, which is higher than the national average. There are 20 cities' Collateral Underwriter salary higher than national average in Washington.
The average salary for a Collateral Underwriter in Washington is $103,950, but we found that the city with the highest salary for Collateral Underwriter jobs is Seattle, WA, and it is higher than Bellevue. Collateral Underwriter jobs in Seattle can have the opportunity to earn higher salaries than in other cities in Washington.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Seattle $105,973 $8,831 $2,038 $51
Bellevue $105,973 $8,831 $2,038 $51
Renton $105,867 $8,822 $2,036 $51
Everett $104,506 $8,709 $2,010 $50
Marysville $104,506 $8,709 $2,010 $50
Bremerton $104,036 $8,670 $2,001 $50
Tacoma $103,691 $8,641 $1,994 $50
Auburn $103,691 $8,641 $1,994 $50
Federal Way $103,691 $8,641 $1,994 $50
Lakewood $103,691 $8,641 $1,994 $50

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

Frequently Asked Questions About a Collateral Underwriter Salaries

What is the average of a Collateral Underwriter in Washington?

The Collateral Underwriter salary range is from $87,328 to $116,224, and the average Collateral Underwriter salary is $103,950/year in Washington. 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.