Lead Underwriter Salary in Madison, Wisconsin

How much does a Lead Underwriter make in Madison, WI?

As of March 01, 2025, the average annual salary for a Lead Underwriter in Madison, WI is $96,475. According to Salary.com, salaries can range from a low of $76,225 to a high of $124,096, with most professionals earning between $85,875 and $110,933.

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Salary range for an Lead Underwriter

$85,875 to $110,933

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Lead Underwriter

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Job Openings for Lead Underwriter in Madison, WI

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 Madison, WI

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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 Madison, WI

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LEVEL OF EDUCATION

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Average Salary Range for Lead Underwriter in Madison, WI

Average Base Salary

Core compensation

85875

110933

96475

Average Total Cash Compensation

Includes base and annual incentives

90507

121248

103104

What is the average salary for Lead Underwriter in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Lead Underwriter in Madison, WI. The base salary for Lead Underwriter ranges from $85,875 to $110,933 with the average base salary of $96,475. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $90,507 to $121,248 with the average total cash compensation of $103,104.

View Average Salary for Lead Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$96,475	$85,875 - $110,933
Bonus	$6,629	$4,632 - $10,315
Total Pay	$103,104	$90,507 - $121,248

* 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 Madison, WI

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Madison, WI
CITY, STATE Janesville, WI	AVERAGE SALARY RANGE $85,077 - $109,903	COMPARE TO Madison, WI
CITY, STATE Rockford, IL	AVERAGE SALARY RANGE $85,858 - $110,910	COMPARE TO Madison, WI
CITY, STATE Waukesha, WI	AVERAGE SALARY RANGE $85,959 - $111,041	COMPARE TO Madison, WI
CITY, STATE Milwaukee, WI	AVERAGE SALARY RANGE $86,284 - $111,461	COMPARE TO Madison, WI
CITY, STATE Oshkosh, WI	AVERAGE SALARY RANGE $83,112 - $107,363	COMPARE TO Madison, WI
CITY, STATE Dubuque, IA	AVERAGE SALARY RANGE $82,295 - $106,309	COMPARE TO Madison, WI

See salaries for Lead Underwriter in locations close to Madison, WI. 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 Madison, Wisconsin

Madison is located in the center of Dane County in south-central Wisconsin, 77 miles (124 km) west of Milwaukee and 122 miles (196 km) northwest of Chicago. The city completely surrounds the smaller Town of Madison, the City of Monona, and the villages of Maple Bluff and Shorewood Hills. Madison shares borders with its largest suburb, Sun Prairie, and three other suburbs, Middleton, McFarland, and Fitchburg. Other suburbs include the city of Verona and the villages of Cottage Grove, DeForest, and Waunakee as well as Mount Horeb, Oregon, Stoughton, and Cross Plains among others. According to th...

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

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