Mortgage Loan Underwriter Salary
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How much does a Mortgage Loan Underwriter make? The average Mortgage Loan Underwriter salary is $73,344 as of June 27, 2024, but the salary range typically falls between $64,105 and $84,276. 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 a Mortgage Loan Underwriter
$64,105 to $84,276
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What does a Mortgage Loan Underwriter do?
Common responsibilities of a Mortgage Loan Underwriter
Requires light physical activity performing non strenuous daily activities of an administrative nature as well as periods of prolonged sitting.
March 27, 2023
Communicates with outside mortgage firms, financial institution mortgage loan officers and customer of the financial institution to underwrite files properly.
September 03, 2022
Assists in training loan officers and processors for qualifying loan applicants, reviewing investor guidelines, and updating changes by conducting classes and preparing materials.
March 19, 2023
Follows prescribed guidelines, receives and reviews loan applications and associated documentation to insure thoroughness and accuracy of information.
March 31, 2023
Works effectively under pressure, ability to maintain work volume and accuracy, carry out instructions and fulfill responsibilities acceptably Treats co-workers and others with respect and shows a willingness to cooperate.
April 19, 2023
Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity.
April 23, 2023
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Explore JobArchitectMortgage Loan Underwriter Salary in Major Cities
This chart shows the salary comparison for Mortgage Loan Underwriter between major cities. San Francisco City consistently ranks #1 as of June 27, 2024. Click on the chart to see the detail salary data for Mortgage Loan Underwriter in each city.
Mortgage Loan Underwriter Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Mortgage Loan Underwriter Salary by City
Click to see the salary for Mortgage Loan Underwriter in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $91,681 |
| Washington, DC | $81,632 |
| Miami, FL | $70,777 |
| Chicago, IL | $76,938 |
| Boston, MA | $82,219 |
| New York, NY | $85,666 |
| Dallas, TX | $72,391 |
If you'd like know Mortgage Loan Underwriter Salary in other cities, then please select a city in
Average Salary Range for Mortgage Loan Underwriter
Average Base Salary
Core compensation
64105
84276
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Mortgage Loan Underwriter in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Underwriter in the United States. The base salary for Mortgage Loan Underwriter ranges from $64,105 to $84,276 with the average base salary of $73,344. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $66,046 to $88,843 with the average total cash compensation of $75,984.
View Average Salary for Mortgage Loan Underwriter as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $73,344 | $64,105 - $84,276 |
| Bonus | $2,639 | $1,941 - $4,567 |
| Total Pay | $75,984 | $66,046 - $88,843 |
* 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.
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Please enter the following pay factors for Mortgage Loan Underwriter, to get a real-time salary target.
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Comments about Mortgage Loan Underwriter
What's the difference between Mortgage Underwriter I and Mortgage Loan Underwriter?
According to our latest salary estimation on June 27, 2024. The average salary of Mortgage Loan Underwriter is $73,344, and the average salary of Mortgage Underwriter I is $60,187. The average salary of Mortgage Underwriter I is lower than Mortgage Loan Underwriter. ( 2024-06-27 salary.com )
I am a Mortgage Loan Underwriter, which location’s salary is higher, Auburn, AL or Bentonville, AR?
Bentonville, AR typically sees higher pay than Auburn, AL for Mortgage Loan Underwriter. a Mortgage Loan Underwriter Salary in Bentonville, AR is $66,303 as of June 27, 2024; a Mortgage Loan Underwriter Salary in Auburn, AL is $64,690 as of June 27, 2024. ( 2024-06-27 salary.com )
Mortgage Loan Underwriter Frequently Asked Questions
Why does the salary of a Mortgage Loan 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. ( 2024-06-27 salary.com )
What are the Pay Factors for Mortgage Loan Underwriter?
Salary ranges for a Mortgage Loan 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 ( 2024-06-27 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. ( 2024-06-27 salary.com )
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Last Update: June 27, 2024