How much does a Loss Mitigation Underwriter make? The average Loss Mitigation Underwriter salary is $63,020 as of October 28, 2020, but the salary range typically falls between $52,024 and $80,105. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary range for an Loss Mitigation Underwriter
$52,024 to $80,105
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What does a Loss Mitigation Underwriter do?
Loss Mitigation Underwriter
Generates customer approval and adverse action notices for modifications, short sale or deed-in-lieu.
March 02, 2020
Calculate modification principal balance capitalization for approved retention options, taking into account past due interest, escrow, and 3rd party advances.
March 29, 2020
Request and follow up on foreclosure hold as necessary.
April 06, 2020
Review loss mitigation package documentation in accordance with Regulation X (30 calendar days) to determine if the homeowner qualifies for a loss mitigation option, and report information to investor, client, insurer.
April 16, 2020
Run a pro forma escrow analysis to ensure proper modification escrow payment calculations.
May 17, 2020
Contact homeowners and real estate agents to provide status of loss mitigation files.
July 08, 2020
Complete system tasks as required to maintain compliance with Treasury, Company and Investor guidelines.
July 10, 2020
Loss Mitigation Underwriter Salary in Major Cities
This chart shows the salary comparison for Loss Mitigation Underwriter between major cities. San Francisco City consistently ranks #1 as of October 28, 2020. Click on the chart to see the detail salary data for Loss Mitigation Underwriter in each city.
Loss Mitigation Underwriter Salary by State
- Alaska
- Alabama
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- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
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- New Hampshire
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- New York
- Ohio
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- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
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- Tennessee
- Texas
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- Washington
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- West Virginia
- Wyoming
Loss Mitigation Underwriter Salary by City
Click to see the salary for Loss Mitigation Underwriter in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $78,775 |
| Washington, DC | $70,154 |
| Miami, FL | $61,351 |
| Chicago, IL | $66,858 |
| Boston, MA | $71,005 |
| New York, NY | $75,813 |
| Dallas, TX | $62,611 |
If you'd like know Loss Mitigation Underwriter Salary in other cities, then please select a city in
Average Salary Range for Loss Mitigation Underwriter
Average Base Salary
Core compensation
52024
80105
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Loss Mitigation Underwriter in 2020?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loss Mitigation Underwriter in the United States. The base salary for Loss Mitigation Underwriter ranges from $52,024 to $80,105 with the average base salary of $63,020. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $52,024 to $80,105 with the average total cash compensation of $63,020.
View Average Salary for Loss Mitigation Underwriter as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $63,020 | $52,024 - $80,105 |
| Bonus | $0 | $0 - $0 |
| Total Pay | $63,020 | $52,024 - $80,105 |
* 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.
Estimate Salary for Loss Mitigation Underwriter online for free
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Loss Mitigation Underwriter, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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Comments about Loss Mitigation Underwriter
What's the difference between Loss Mitigation Specialist and Loss Mitigation Underwriter?
According to our latest salary estimation on October 28, 2020. The average salary of Loss Mitigation Underwriter is $63,020, and the average salary of Loss Mitigation Specialist is $52,508. The average salary of Loss Mitigation Specialist is lower than Loss Mitigation Underwriter. ( 2020-10-28 salary.com )
I am a Loss Mitigation Underwriter, which location’s salary is higher, Barnstable, MA or New Britain, CT?
New Britain, CT typically sees higher pay than Barnstable, MA for Loss Mitigation Underwriter. a Loss Mitigation Underwriter Salary in New Britain, CT is $68,063 as of October 28, 2020; a Loss Mitigation Underwriter Salary in Barnstable, MA is $66,456 as of October 28, 2020. ( 2020-10-28 salary.com )
Loss Mitigation Underwriter Frequently Asked Questions
Why does the salary of a Loss Mitigation Underwriter vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2020-10-28 salary.com )
What are the Pay Factors for Loss Mitigation Underwriter?
Salary ranges for a Loss Mitigation Underwriter can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2020-10-28 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2020-10-28 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Last Update: October 28, 2020