Underwriter Salary in Passaic, New Jersey

How much does an Underwriter make in Passaic, NJ?

As of March 01, 2025, the average annual salary for an Underwriter in Passaic, NJ is $112,734. According to Salary.com, salaries can range from a low of $89,071 to a high of $145,010, with most professionals earning between $100,348 and $129,628.

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Salary range for an Underwriter

$100,348 to $129,628

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Underwriter

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Job Openings for Underwriter in Passaic, NJ

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 Passaic, NJ

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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 Passaic, NJ

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Underwriter in Passaic, NJ

Average Base Salary

Core compensation

100348

129628

112734

Average Total Cash Compensation

Includes base and annual incentives

105760

141681

120479

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 Passaic, NJ. The base salary for Underwriter ranges from $100,348 to $129,628 with the average base salary of $112,734. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $105,760 to $141,681 with the average total cash compensation of $120,479.

View Average Salary for Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$112,734	$100,348 - $129,628
Bonus	$7,746	$5,413 - $12,053
Total Pay	$120,479	$105,760 - $141,681

* 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 Passaic, NJ

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Passaic, NJ
CITY, STATE Clifton, NJ	AVERAGE SALARY RANGE $100,522 - $129,854	COMPARE TO Passaic, NJ
CITY, STATE Bloomfield, NJ	AVERAGE SALARY RANGE $100,522 - $129,854	COMPARE TO Passaic, NJ
CITY, STATE Hackensack, NJ	AVERAGE SALARY RANGE $100,435 - $129,741	COMPARE TO Passaic, NJ
CITY, STATE Paramus, NJ	AVERAGE SALARY RANGE $100,609 - $129,966	COMPARE TO Passaic, NJ
CITY, STATE Bergenfield, NJ	AVERAGE SALARY RANGE $100,435 - $129,741	COMPARE TO Passaic, NJ
CITY, STATE East Orange, NJ	AVERAGE SALARY RANGE $98,691 - $127,488	COMPARE TO Passaic, NJ

See salaries for Underwriter in locations close to Passaic, NJ. 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 Passaic, New Jersey

According to the United States Census Bureau, the city had a total area of 3.244 square miles (8.401 km2), including 3.146 square miles (8.149 km2) of land and 0.098 square miles (0.253 km2) of water (3.01%). Unincorporated communities, localities and place names located partially or completely within the city include Davis Bridge and Pleasant Plains. Passaic's only land border is with neighboring Clifton, which borders Passaic to the north, south, and west. The Passaic River forms the eastern border of Passaic. Four additional neighboring towns in Bergen County immediately across the river fr...

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

View Salary for Similar Jobs to Underwriter in Passaic, NJ

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Underwriter I	LOCATION Passaic, NJ	MINIMUM SALARY $61,896	MAXIMUM SALARY $77,655
JOB TITLE Underwriter II	LOCATION Passaic, NJ	MINIMUM SALARY $73,601	MAXIMUM SALARY $88,757
JOB TITLE Underwriter III	LOCATION Passaic, NJ	MINIMUM SALARY $97,527	MAXIMUM SALARY $116,624
JOB TITLE Underwriter IV	LOCATION Passaic, NJ	MINIMUM SALARY $116,370	MAXIMUM SALARY $134,536
JOB TITLE Underwriter V	LOCATION Passaic, NJ	MINIMUM SALARY $137,264	MAXIMUM SALARY $171,202
JOB TITLE Health Underwriter	LOCATION Passaic, NJ	MINIMUM SALARY $73,601	MAXIMUM SALARY $88,757

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