Lead Underwriter Salary in Chicago, Illinois

What is the highest and lowest pay for Lead Underwriter?

As of December 01, 2024, the average annual pay of Lead Underwriter in Chicago, IL is $102,013. While Salary.com is seeing that the highest pay for Lead Underwriter in Chicago, IL can go up to $131,214 and the lowest down to $80,605, but most earn between $90,807 and $117,298. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Lead Underwriter in the United States.

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Salary range for an Lead Underwriter

$90,807 to $117,298

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Lead Underwriter

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Job Openings for Lead Underwriter in Chicago, IL

What does a Lead Underwriter do?

Common responsibilities of a Lead Underwriter

Provide ongoing business unit training for underwriters, analysts and team leaders to maintain full adherence to, and compliance with, all credit policies, procedures, operations and regulations.

February 06, 2023

Evaluate acceptability of loan to corporations that buy real estate loans on secondary mortgage markets, where existing mortgages are bought and sold by investors.

March 27, 2023

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Lead Underwriter Salary By Experience Levels in Chicago, IL

How much should you be earning in Lead Underwriter in Chicago, IL based on your current experience?

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Lead Underwriter Salary By Level of Education in Chicago, IL

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Lead Underwriter in Chicago, IL

Average Base Salary

Core compensation

90807

117298

102013

Average Total Cash Compensation

Includes base and annual incentives

95705

128204

109023

What is the average salary for Lead Underwriter in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Lead Underwriter in Chicago, IL. The base salary for Lead Underwriter ranges from $90,807 to $117,298 with the average base salary of $102,013. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $95,705 to $128,204 with the average total cash compensation of $109,023.

View Average Salary for Lead Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$102,013	$90,807 - $117,298
Bonus	$7,010	$4,898 - $10,906
Total Pay	$109,023	$95,705 - $128,204

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Lead Underwriter Salary Near Chicago, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Chicago, IL
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $91,318 - $117,957	COMPARE TO Chicago, IL
CITY, STATE Oak Park, IL	AVERAGE SALARY RANGE $91,318 - $117,957	COMPARE TO Chicago, IL
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $91,214 - $117,823	COMPARE TO Chicago, IL
CITY, STATE Evanston, IL	AVERAGE SALARY RANGE $91,283 - $117,913	COMPARE TO Chicago, IL
CITY, STATE Skokie, IL	AVERAGE SALARY RANGE $91,283 - $117,913	COMPARE TO Chicago, IL
CITY, STATE Arlington Heights, IL	AVERAGE SALARY RANGE $89,240 - $115,273	COMPARE TO Chicago, IL

See salaries for Lead Underwriter in locations close to Chicago, IL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Lead Underwriter job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Chicago, IL that might be a good fit for the type of job and salary you are looking for.

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