How Much Does a Home Equity Underwriter Make in Minnesota?

Updated May 28, 2024
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Individually reported data submitted by users of our website

Low Confidence
$96,183/yr
Average Base Pay
Low $84,744
Average $96,183
High $109,503
The average salary for Home Equity Underwriter is $96,183 per year in Minnesota.

Related Job Titles to Home Equity Underwriter

Home Equity Processor
$51,020
Minnesota
Per Year
Home Equity Specialist
$49,819
Minnesota
Per Year
Home Equity Loan Processor
$45,095
Minnesota
Per Year
Home Equity Processing POD Manager
$47,981
Minnesota
Per Year

Similar Job Salaries to Home Equity Underwriter by Company

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Company average base salary in (usd) range
Gravie
Underwriter
$87,580/yr
$75,471
$99,689
RANGE: $75,471 - $99,689
Rochester Public Schools
Equity Specialist
$101,710/yr
$86,354
$117,066
RANGE: $86,354 - $117,066
Osseo Area Schools
Teacher - Equity
$63,395/yr
$51,517
$75,274
RANGE: $51,517 - $75,274
Bloomington Public Schools
Equity Coordinator
$104,381/yr
$89,972
$118,791
RANGE: $89,972 - $118,791
Risk Placement Services, Inc.
Underwriter/Broker
$105,310/yr
$89,022
$121,598
RANGE: $89,022 - $121,598
$73,795/yr
$63,592
$83,998
RANGE: $63,592 - $83,998
Burns & Wilcox
Associate Underwriter
$87,580/yr
$75,471
$99,689
RANGE: $75,471 - $99,689
Goldleaf Surety Services, LLC
Underwriter Assistant
$53,312/yr
$46,991
$59,633
RANGE: $46,991 - $59,633
Cambria
Sr. Underwriter
$103,284/yr
$88,719
$117,849
RANGE: $88,719 - $117,849
RLI Insurance Company
Associate Underwriter
$84,443/yr
$72,768
$96,119
RANGE: $72,768 - $96,119

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Top 10 Highest Paying Cities For Home Equity Underwriter Jobs in Minnesota

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Home Equity 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 Home Equity Underwriter job salaries in Minnesota. Some cities can pay higher salaries for Home Equity Underwriter jobs, which can indicate that there is a large demand for Home Equity Underwriter positions in this city.
The following table shows top 10 cities where the Home Equity Underwriter salary is higher than other cities in Minnesota. Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka. The Home Equity Underwriter salary is $99,756 in Minneapolis, which is higher than the national average. There are 7 cities' Home Equity Underwriter salary higher than national average in Minnesota.
The average salary for a Home Equity Underwriter in Minnesota is $96,183, but we found that the city with the highest salary for Home Equity Underwriter jobs is Minneapolis, MN, and it is higher than Saint Paul. Home Equity Underwriter jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Minneapolis $99,756 $8,313 $1,918 $48
Saint Paul $99,756 $8,313 $1,918 $48
Minnetonka $99,756 $8,313 $1,918 $48
Eden Prairie $99,568 $8,297 $1,915 $48
Burnsville $99,474 $8,290 $1,913 $48
Lakeville $99,098 $8,258 $1,906 $48
Rochester $94,303 $7,859 $1,814 $45
Saint Cloud $92,705 $7,725 $1,783 $45
Duluth $90,824 $7,569 $1,747 $44

What Does a Home Equity Underwriter Do?

Underwriters are critical to the mortgage industry, insurance industry, equity markets, and common types of debt security trading because of their ability to ascertain risk.
Updated December 21, 2021
With a cash-out refinance, you receive funds for the equity in your home, just as you would with a home equity loan.
Updated December 21, 2021
The reason for this is there is less risk involved for lenders because home equity loans are secured by your home.
Updated December 20, 2021
Since home equity loans are lump-sum payments, your lender pays you your entire loan amount after the loan closes.
Updated December 17, 2021
Home equity loan rates are generally higher because second mortgages are only paid back after primary mortgages have been.
Updated December 17, 2021

Frequently Asked Questions About a Home Equity Underwriter Salaries

What is the average of a Home Equity Underwriter in Minnesota?

The Home Equity Underwriter salary range is from $84,744 to $109,503, and the average Home Equity Underwriter salary is $96,183/year in Minnesota. The Home Equity Underwriter's salary will change in different locations.

Which location pays the highest Home Equity Underwriter salary in the United States?

The Home Equity Underwriter salary in San Jose, CA is $117,996 which is the highest in the US.

What kinds of reasons will influence the Home Equity 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 Home Equity Underwriter.

What is the growth rate of the Home Equity Underwriter's salary?

If you are thinking of becoming a Home Equity Underwriter or planning the next step in your career, find the detailed salary report of a Home Equity Underwriter.