Lead Underwriter Salary in Richmond, Virginia

How much does a Lead Underwriter make in Richmond, VA?

As of March 01, 2025, the average annual salary for a Lead Underwriter in Richmond, VA is $95,300. According to Salary.com, salaries can range from a low of $75,296 to a high of $122,584, with most professionals earning between $84,829 and $109,582.

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Salary range for an Lead Underwriter

$84,829 to $109,582

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Lead Underwriter

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Job Openings for Lead Underwriter in Richmond, VA

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 Richmond, VA

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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 Richmond, VA

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LEVEL OF EDUCATION

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Average Salary Range for Lead Underwriter in Richmond, VA

Average Base Salary

Core compensation

84829

109582

95300

Average Total Cash Compensation

Includes base and annual incentives

89405

119771

101847

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 Richmond, VA. The base salary for Lead Underwriter ranges from $84,829 to $109,582 with the average base salary of $95,300. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $89,405 to $119,771 with the average total cash compensation of $101,847.

View Average Salary for Lead Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$95,300	$84,829 - $109,582
Bonus	$6,548	$4,576 - $10,189
Total Pay	$101,847	$89,405 - $119,771

* 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 Richmond, VA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Richmond, VA
CITY, STATE Petersburg, VA	AVERAGE SALARY RANGE $86,834 - $112,172	COMPARE TO Richmond, VA
CITY, STATE Virginia State University, VA	AVERAGE SALARY RANGE $86,834 - $112,172	COMPARE TO Richmond, VA
CITY, STATE Newport News, VA	AVERAGE SALARY RANGE $82,545 - $106,631	COMPARE TO Richmond, VA
CITY, STATE Hampton, VA	AVERAGE SALARY RANGE $82,545 - $106,631	COMPARE TO Richmond, VA
CITY, STATE Suffolk, VA	AVERAGE SALARY RANGE $82,044 - $105,984	COMPARE TO Richmond, VA
CITY, STATE Portsmouth, VA	AVERAGE SALARY RANGE $82,091 - $106,045	COMPARE TO Richmond, VA

See salaries for Lead Underwriter in locations close to Richmond, VA. 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 Richmond, Virginia

Richmond (/ˈrɪtʃmənd/) is the capital of the Commonwealth of Virginia in the United States. It is the center of the Richmond Metropolitan Statistical Area (MSA) and the Greater Richmond Region. Richmond was incorporated in 1742 and has been an independent city since 1871. As of the 2010 census, the city's population was 204,214; in 2016, the population was estimated to be 223,170, making Richmond the fourth-most populous city in Virginia. The Richmond Metropolitan Area has a population of 1,260,029, the third-most populous metro in the state. Richmond is located at the fall line of the James R...

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 Richmond, VA that might be a good fit for the type of job and salary you are looking for.

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