Underwriter Salary in Albuquerque, New Mexico

What is the highest and lowest pay for Underwriter?

As of December 01, 2024, the average annual pay of Underwriter in Albuquerque, NM is $91,413. While Salary.com is seeing that the highest pay for Underwriter in Albuquerque, NM can go up to $117,580 and the lowest down to $72,229, but most earn between $81,372 and $105,110. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter in the United States.

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Salary range for an Underwriter

$81,372 to $105,110

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Underwriter

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Job Openings for Underwriter in Albuquerque, NM

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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Underwriter Salary By Experience Levels in Albuquerque, NM

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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.

Underwriter Salary By Level of Education in Albuquerque, NM

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LEVEL OF EDUCATION

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Average Salary Range for Underwriter in Albuquerque, NM

Average Base Salary

Core compensation

81372

105110

91413

Average Total Cash Compensation

Includes base and annual incentives

85761

114882

97695

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 Albuquerque, NM. The base salary for Underwriter ranges from $81,372 to $105,110 with the average base salary of $91,413. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $85,761 to $114,882 with the average total cash compensation of $97,695.

View Average Salary for Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$91,413	$81,372 - $105,110
Bonus	$6,282	$4,389 - $9,773
Total Pay	$97,695	$85,761 - $114,882

* 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.

Underwriter Salary Near Albuquerque, NM

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Albuquerque, NM
CITY, STATE Rio Rancho, NM	AVERAGE SALARY RANGE $81,133 - $104,801	COMPARE TO Albuquerque, NM
CITY, STATE Santa Fe, NM	AVERAGE SALARY RANGE $81,804 - $105,669	COMPARE TO Albuquerque, NM
CITY, STATE Farmington, NM	AVERAGE SALARY RANGE $80,300 - $103,725	COMPARE TO Albuquerque, NM
CITY, STATE Alamogordo, NM	AVERAGE SALARY RANGE $77,216 - $99,742	COMPARE TO Albuquerque, NM
CITY, STATE Roswell, NM	AVERAGE SALARY RANGE $75,918 - $98,065	COMPARE TO Albuquerque, NM
CITY, STATE Las Cruces, NM	AVERAGE SALARY RANGE $73,581 - $95,046	COMPARE TO Albuquerque, NM

See salaries for Underwriter in locations close to Albuquerque, NM. 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 Albuquerque, New Mexico

According to the United States Census Bureau, Albuquerque has a total area of 189.5 square miles (490.9 km2), of which 187.7 square miles (486.2 km2) is land and 1.8 square miles (4.7 km2), or 0.96%, is water. Albuquerque lies within the northern, upper edges of the Chihuahuan Desert ecoregion, based on long-term patterns of climate, associations of plants and wildlife, and landforms, including drainage patterns. Located in central New Mexico, the city also has noticeable influences from the adjacent Colorado Plateau semi-desert, Arizona-New Mexico Mountains, and Southwest plateaus and plains ...

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

View Salary for Similar Jobs to Underwriter in Albuquerque, NM

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Underwriter I	LOCATION Albuquerque, NM	MINIMUM SALARY $52,252	MAXIMUM SALARY $66,395
JOB TITLE Underwriter II	LOCATION Albuquerque, NM	MINIMUM SALARY $62,512	MAXIMUM SALARY $80,575
JOB TITLE Underwriter III	LOCATION Albuquerque, NM	MINIMUM SALARY $80,483	MAXIMUM SALARY $103,901
JOB TITLE Underwriter IV	LOCATION Albuquerque, NM	MINIMUM SALARY $93,241	MAXIMUM SALARY $124,962
JOB TITLE Underwriter V	LOCATION Albuquerque, NM	MINIMUM SALARY $118,493	MAXIMUM SALARY $164,924
JOB TITLE Health Underwriter	LOCATION Albuquerque, NM	MINIMUM SALARY $57,369	MAXIMUM SALARY $69,448

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