Loss Mitigation Underwriter Salary in Detroit, MI

Change City

How much does a Loss Mitigation Underwriter make in Detroit, MI? The average Loss Mitigation Underwriter salary in Detroit, MI is $83,644 as of April 24, 2024, but the salary range typically falls between $73,390 and $93,408. 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.

Search Loss Mitigation Underwriter Jobs in Detroit, MI

Develop a Job description

Pay Equity

Salary range for a Loss Mitigation Underwriter

$73,390 to $93,408

Employers: Find Surveys For This Job

Employers: Price Your Company Jobs

View Average Salary for United States
Adjust Loss Mitigation Underwriter Salary:
Select State
Select City in MI
Choose Similar Job
Pick Related Category
View Cost of Living in Detroit, Michigan

For Employees

Get a Salary Increase

Analyze the market and your qualifications to negotiate your salary with confidence.

Search Job Openings

Search thousands of open positions to find your next opportunity.

For Employers

Adjust Employee Salary

Individualize employee pay based on unique job requirements and personal qualifications.

Price My Industry Jobs

Get the latest market price for benchmark jobs and jobs in your industry.

Loss Mitigation Underwriter

Review the job openings and experience requirements for the Loss Mitigation Underwriter job to confirm that it is the job you are seeking.

See user submitted job responsibilities for Loss Mitigation Underwriter.

Search Loss Mitigation Underwriter Job Openings

Job Openings for Loss Mitigation Underwriter in Detroit, MI

Bilingual Loss Mitigation Specialist

Cornerstone Servicing - Houston , TX

Underwrites loans for loss mitigation in accordance to FHA, VA, USDA, FNMA, FHLMC guidelines and decisions all loss mitigation waterfall options for borrower(s) seeking workout assistance

LinkedIn - 9 days ago

Loss Mitigation & Asset Recovery Manager

The Atlantic Federal Credit Union - Springfield , NJ

Will ensure that the loss mitigation & asset recovery policies and procedures of the credit union ... Inform management of trends in loan underwriting and or operations contributing to delinquent ...

LinkedIn - 37 days ago

Sr. Medical Underwriter

Valenz - Indianapolis , IN

Work with the risk management team to develop and implement effective risk mitigation and loss prevention strategies. Partner with peer underwriters and other team members as needed. Reasonable ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 6 days ago

Senior Underwriter

National Processing - Orem , UT

Analyze transaction processing data and Underwriting team decisions to mitigate potential losses ... mitigation techniques * Asking questions with a high degree of curiosity to gain a full ...

LinkedIn - 11 days ago

Commercial Credit Underwriter

Mitsubishi HC Capital America Inc - Norwalk , CT

Responsible for underwriting new business transactions for Structured Finance products, which ... Loss mitigation and avoidance; and Audit exceptions. Qualifications/Competencies: Knowledge, Skills ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 84 days ago

Insurance Risk Management Analyst

Employment Enterprises, Inc. - Fairfax , VA

... underwriting information and coverage placement, claims administration oversight and investigation, loss forecasting, and analysis to assist in loss mitigation, as well as support and consult with ...

LinkedIn - 7 days ago

What does a Loss Mitigation Underwriter do?

Common responsibilities of a Loss Mitigation Underwriter

Contact homeowners and real estate agents to provide status of loss mitigation files.

May 28, 2022

Handle all written and verbal correspondence professionally between the homeowners, client, investor, insurer, subordinate lien holders, real estate agents, consumer credit counseling services, and foreclosure attorneys.

March 02, 2023

Generates customer approval and adverse action notices for modifications, short sale or deed-in-lieu.

March 11, 2023

Determine and communicate needed conditions to properly document the file (reason for default letter, updated pay stubs, bankruptcy papers, etc.

March 25, 2023

Complete system tasks as required to maintain compliance with Treasury, Company and Investor guidelines.

April 16, 2023

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.

May 13, 2023

Submit Other Responsibilities

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about

Loss Mitigation Underwriter Salary By Experience Levels in Detroit, MI

How much should you be earning in Loss Mitigation Underwriter in Detroit, MI based on your current experience?

Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Loss Mitigation Underwriter in Detroit, MI

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.

Loss Mitigation Underwriter Salary By Level of Education in Detroit, MI

Do you know how much should you be paid for a Loss Mitigation Underwriter position in Detroit, MI based on your education level?

Tell us about your education and see an estimate of earnings for Loss Mitigation Underwriter in Detroit, MI and well to know the impact of education on future careers.

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 Loss Mitigation Underwriter in Detroit, MI

Average Base Salary

Core compensation

73390

93408

83644

Average Total Cash Compensation

Includes base and annual incentives

76790

98905

87282

What is the average salary for Loss Mitigation Underwriter in 2024?

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 Detroit, MI. The base salary for Loss Mitigation Underwriter ranges from $73,390 to $93,408 with the average base salary of $83,644. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $76,790 to $98,905 with the average total cash compensation of $87,282.

View Average Salary for Loss Mitigation Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$83,644	$73,390 - $93,408
Bonus	$3,638	$3,401 - $5,497
Total Pay	$87,282	$76,790 - $98,905

* 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.

Loss Mitigation Underwriter Salary Near Detroit, MI

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Detroit, MI
CITY, STATE Dearborn, MI	AVERAGE SALARY RANGE $73,615 - $93,695	COMPARE TO Detroit, MI
CITY, STATE Dearborn Heights, MI	AVERAGE SALARY RANGE $73,576 - $93,645	COMPARE TO Detroit, MI
CITY, STATE Livonia, MI	AVERAGE SALARY RANGE $73,382 - $93,398	COMPARE TO Detroit, MI
CITY, STATE Taylor, MI	AVERAGE SALARY RANGE $73,499 - $93,547	COMPARE TO Detroit, MI
CITY, STATE Westland, MI	AVERAGE SALARY RANGE $74,081 - $94,288	COMPARE TO Detroit, MI
CITY, STATE Southfield, MI	AVERAGE SALARY RANGE $73,460 - $93,497	COMPARE TO Detroit, MI

See salaries for Loss Mitigation Underwriter in locations close to Detroit, MI. 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 Detroit, Michigan

Detroit (/dɪˈtrɔɪt/, locally also /ˈdiːtrɔɪt/; French: Détroit, lit. 'strait') is the largest and most populous city in the U.S. state of Michigan, the largest United States city on the United States–Canada border, and the seat of Wayne County. The municipality of Detroit had a 2017 estimated population of 673,104, making it the 23rd-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area. Regarded as a major cultural center, Detroit is known for its co...

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

View Salary for Similar Jobs to Loss Mitigation Underwriter in Detroit, MI

See Additional Similar Jobs

Loading results...

JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Loss Mitigation Specialist	LOCATION Detroit, MI	MINIMUM SALARY $74,617	MAXIMUM SALARY $95,312
JOB TITLE Loss Mitigation Manager	LOCATION Detroit, MI	MINIMUM SALARY $108,085	MAXIMUM SALARY $133,521
JOB TITLE Loss Mitigation Analyst	LOCATION Detroit, MI	MINIMUM SALARY $49,020	MAXIMUM SALARY $63,434
JOB TITLE Loss Mitigation Supervisor	LOCATION Detroit, MI	MINIMUM SALARY $102,882	MAXIMUM SALARY $129,172
JOB TITLE Stop Loss Underwriter	LOCATION Detroit, MI	MINIMUM SALARY $43,206	MAXIMUM SALARY $65,162
JOB TITLE Loss Prevention Supervisor	LOCATION Detroit, MI	MINIMUM SALARY $106,890	MAXIMUM SALARY $132,490

The Loss Mitigation 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 Detroit, MI that might be a good fit for the type of job and salary you are looking for.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

73390

93408

About Detroit, Michigan Detroit (/dɪˈtrɔɪt/, locally also /ˈdiːtrɔɪt/; French: Détroit, lit. 'strait') is the largest and most populous city in the U.S. state of Michigan, th....More

Detroit, Michigan area prices were up 1.2% from a year ago

Loss Mitigation Underwriter Salary in popular cities: Grand Rapids, Warren, Sterling Heights

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

Jobs with a similar salary range to Loss Mitigation Underwriter : Total Loss Adjuster, Mitigation Specialist