As of March 01, 2025, the average annual salary for a Mortgage Underwriter Team Lead in Milwaukee, WI is $107,958. Salary.com reports that pay typically ranges from $90,737 to $127,185, with most professionals earning between $75,059 and $144,690.
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The Mortgage Underwriter Team Lead is responsible for overseeing a team of mortgage underwriters and ensuring that all loan applications are thoroughly reviewed and approved in accordance with company policies and industry regulations. They provide guidance and support to their team, review complex loan applications, and make final decisions on loan approvals. The Team Lead also collaborates with other departments, such as loan processing and closing, to ensure a smooth and efficient mortgage approval process. Additionally, they may be responsible for training new underwriters, conducting performance evaluations, and implementing process improvements to enhance the overall efficiency and accuracy of the underwriting team. Strong communication, leadership, and decision-making skills are essential for this role.
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| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $107,958 | $90,737 - $127,185 |
| Bonus | $4,763 | $4,890 - $7,683 |
| Total Pay | $112,721 | $95,627 - $134,868 |
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Milwaukee, WI |
|---|---|---|
| CITY, STATE Waukesha, WI | AVERAGE SALARY RANGE $90,003 - $126,156 | COMPARE TO Milwaukee, WI |
| CITY, STATE Racine, WI | AVERAGE SALARY RANGE $89,677 - $125,699 | COMPARE TO Milwaukee, WI |
| CITY, STATE Kenosha, WI | AVERAGE SALARY RANGE $89,677 - $125,699 | COMPARE TO Milwaukee, WI |
| CITY, STATE Waukegan, IL | AVERAGE SALARY RANGE $91,217 - $127,856 | COMPARE TO Milwaukee, WI |
| CITY, STATE Janesville, WI | AVERAGE SALARY RANGE $89,080 - $124,862 | COMPARE TO Milwaukee, WI |
| CITY, STATE Mount Prospect, IL | AVERAGE SALARY RANGE $95,968 - $134,516 | COMPARE TO Milwaukee, WI |
| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Mortgage Underwriter IV | LOCATION Milwaukee, WI | MINIMUM SALARY $99,690 | MAXIMUM SALARY $128,537 |
| JOB TITLE Specialist Mortgage Underwriter | LOCATION Milwaukee, WI | MINIMUM SALARY $99,700 | MAXIMUM SALARY $128,600 |
| JOB TITLE Mortgage Underwriter | LOCATION Milwaukee, WI | MINIMUM SALARY $64,934 | MAXIMUM SALARY $85,364 |
| JOB TITLE Underwriter IV | LOCATION Milwaukee, WI | MINIMUM SALARY $99,351 | MAXIMUM SALARY $133,149 |
| JOB TITLE Mortgage Underwriter I | LOCATION Milwaukee, WI | MINIMUM SALARY $52,814 | MAXIMUM SALARY $71,516 |
| JOB TITLE Mortgage Underwriter II | LOCATION Milwaukee, WI | MINIMUM SALARY $64,093 | MAXIMUM SALARY $84,387 |
About Milwaukee, Wisconsin Milwaukee lies along the shores and bluffs of Lake Michigan at the confluence of three rivers: the Menomonee, the Kinnickinnic, and the Milwaukee. Sma....More
Milwaukee, Wisconsin area prices were up 1.8% from a year ago
Mortgage Underwriter Team Lead Salary in popular cities: Madison, Green Bay, Kenosha
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role