Underwriter Salary
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How much does an Underwriter make? The average Underwriter salary is $96,084 as of June 27, 2024, but the salary range typically falls between $85,530 and $110,477. 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 Underwriter
$85,530 to $110,477
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What does an Underwriter do?
Common responsibilities of an Underwriter
Evaluates new business submissions, renewals, and policy change requests for their book of business resulting in underwriting decisions within their authority or recommendations for decisions exceeding their authority.
November 24, 2022
Assists the Quality Control Department and the Post-Closing Department in obtaining missing documentation needed in order to render a loan saleable in the secondary market.
December 31, 2022
Provides primary communication and direction for all processing requirements including policy issuance instruction, endorsement requests, billing requirements and audit review.
February 11, 2023
Demonstrates continual learning by attending industry seminars, webinars and other training programs.
February 22, 2023
Review and evaluate loan documents to ensure accuracy, completeness, and compliance with company standards, federal and agency standards and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.
March 12, 2023
Works closely with Account Managers, Lending Officers & Management to answer specific loan questions or verify condition and documentation request.
April 05, 2023
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Explore JobArchitectUnderwriter Salary in Major Cities
This chart shows the salary comparison for 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 Underwriter in each city.
Underwriter Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
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- Kentucky
- Louisiana
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- Maryland
- Maine
- Michigan
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- Montana
- North Carolina
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- 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
Underwriter Salary by City
Click to see the salary for Underwriter in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $120,105 |
| Washington, DC | $106,941 |
| Miami, FL | $92,721 |
| Chicago, IL | $100,792 |
| Boston, MA | $107,710 |
| New York, NY | $112,226 |
| Dallas, TX | $94,835 |
If you'd like know Underwriter Salary in other cities, then please select a city in
Average Salary Range for Underwriter
Average Base Salary
Core compensation
85530
110477
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Underwriter in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter in the United States. The base salary for Underwriter ranges from $85,530 to $110,477 with the average base salary of $96,084. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $90,142 to $120,744 with the average total cash compensation of $102,683.
View Average Salary for Underwriter as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $96,084 | $85,530 - $110,477 |
| Bonus | $6,599 | $4,612 - $10,267 |
| Total Pay | $102,683 | $90,142 - $120,744 |
* 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 Underwriter online for free
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Please enter the following pay factors for 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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85530
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Similar Jobs to Underwriter
Comments about Underwriter
What's the difference between Underwriter I and Underwriter?
According to our latest salary estimation on June 27, 2024. The average salary of Underwriter is $96,084, and the average salary of Underwriter I is $61,481. The average salary of Underwriter I is lower than Underwriter. ( 2024-06-27 salary.com )
I am an Underwriter, which location’s salary is higher, Auburn, AL or Bentonville, AR?
Bentonville, AR typically sees higher pay than Auburn, AL for Underwriter. an Underwriter Salary in Bentonville, AR is $86,860 as of June 27, 2024; an Underwriter Salary in Auburn, AL is $84,746 as of June 27, 2024. ( 2024-06-27 salary.com )
Underwriter Frequently Asked Questions
Why does the salary of an 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 Underwriter?
Salary ranges for an 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