Underwriter Salary in Lowell, Massachusetts

How much does an Underwriter make in Lowell, MA?

As of April 01, 2025, the average annual salary for an Underwriter in Lowell, MA is $105,696. According to Salary.com, salaries can range from a low of $83,501 to a high of $135,971, with most professionals earning between $94,078 and $121,543.

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Salary range for an Underwriter

$94,078 to $121,543

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Underwriter

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Job Openings for Underwriter in Lowell, MA

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 Lowell, MA

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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 Lowell, MA

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LEVEL OF EDUCATION

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Average Salary Range for Underwriter in Lowell, MA

Average Base Salary

Core compensation

94078

121543

105696

Average Total Cash Compensation

Includes base and annual incentives

99154

132845

112961

What is the average salary for Underwriter in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter in Lowell, MA. The base salary for Underwriter ranges from $94,078 to $121,543 with the average base salary of $105,696. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $99,154 to $132,845 with the average total cash compensation of $112,961.

View Average Salary for Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$105,696	$94,078 - $121,543
Bonus	$7,265	$5,075 - $11,302
Total Pay	$112,961	$99,154 - $132,845

* 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 Lowell, MA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Lowell, MA
CITY, STATE Medford, MA	AVERAGE SALARY RANGE $97,496 - $125,959	COMPARE TO Lowell, MA
CITY, STATE Methuen, MA	AVERAGE SALARY RANGE $92,601 - $119,635	COMPARE TO Lowell, MA
CITY, STATE Lawrence, MA	AVERAGE SALARY RANGE $92,601 - $119,635	COMPARE TO Lowell, MA
CITY, STATE Newton, MA	AVERAGE SALARY RANGE $97,496 - $125,959	COMPARE TO Lowell, MA
CITY, STATE Nashua, NH	AVERAGE SALARY RANGE $93,939 - $121,363	COMPARE TO Lowell, MA
CITY, STATE Salem, NH	AVERAGE SALARY RANGE $92,601 - $119,635	COMPARE TO Lowell, MA

See salaries for Underwriter in locations close to Lowell, MA. 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 Lowell, Massachusetts

Lowell is a city in the U.S. Commonwealth of Massachusetts. Located in Middlesex County, Lowell (along with Cambridge) was a county seat until Massachusetts disbanded county government in 1999. With an estimated population of 109,945 in 2014, it is the fourth-largest city in Massachusetts, and the second-largest in the Boston metropolitan statistical area. The city is also part of a smaller Massachusetts statistical area called Greater Lowell, as well as New England's Merrimack Valley region. Incorporated in 1826 to serve as a mill town, Lowell was named after Francis Cabot Lowell, a local fi...

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

View Salary for Similar Jobs to Underwriter in Lowell, MA

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Underwriter I	LOCATION Lowell, MA	MINIMUM SALARY $57,874	MAXIMUM SALARY $72,608
JOB TITLE Underwriter II	LOCATION Lowell, MA	MINIMUM SALARY $68,818	MAXIMUM SALARY $82,989
JOB TITLE Underwriter III	LOCATION Lowell, MA	MINIMUM SALARY $91,189	MAXIMUM SALARY $109,045
JOB TITLE Underwriter IV	LOCATION Lowell, MA	MINIMUM SALARY $108,807	MAXIMUM SALARY $125,793
JOB TITLE Underwriter V	LOCATION Lowell, MA	MINIMUM SALARY $128,343	MAXIMUM SALARY $160,076
JOB TITLE Health Underwriter	LOCATION Lowell, MA	MINIMUM SALARY $68,818	MAXIMUM SALARY $82,989

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