Underwriter Salary in Philadelphia, Pennsylvania

How much does an Underwriter make in Philadelphia, PA?

As of March 01, 2025, the average annual salary for an Underwriter in Philadelphia, PA is $103,429. According to Salary.com, salaries can range from a low of $81,719 to a high of $133,041, with most professionals earning between $92,065 and $118,929.

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Salary range for an Underwriter

$92,065 to $118,929

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Underwriter

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Job Openings for Underwriter in Philadelphia, PA

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 Philadelphia, PA

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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 Philadelphia, PA

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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 Philadelphia, PA

Average Base Salary

Core compensation

92065

118929

103429

Average Total Cash Compensation

Includes base and annual incentives

97031

129987

110535

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 Philadelphia, PA. The base salary for Underwriter ranges from $92,065 to $118,929 with the average base salary of $103,429. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $97,031 to $129,987 with the average total cash compensation of $110,535.

View Average Salary for Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$103,429	$92,065 - $118,929
Bonus	$7,106	$4,966 - $11,058
Total Pay	$110,535	$97,031 - $129,987

* 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 Philadelphia, PA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Philadelphia, PA
CITY, STATE Camden, NJ	AVERAGE SALARY RANGE $92,519 - $119,515	COMPARE TO Philadelphia, PA
CITY, STATE West Chester, PA	AVERAGE SALARY RANGE $91,368 - $118,028	COMPARE TO Philadelphia, PA
CITY, STATE Doylestown, PA	AVERAGE SALARY RANGE $94,801 - $122,463	COMPARE TO Philadelphia, PA
CITY, STATE Trenton, NJ	AVERAGE SALARY RANGE $95,092 - $122,839	COMPARE TO Philadelphia, PA
CITY, STATE Wilmington, DE	AVERAGE SALARY RANGE $91,542 - $118,253	COMPARE TO Philadelphia, PA
CITY, STATE New Castle, DE	AVERAGE SALARY RANGE $91,542 - $118,253	COMPARE TO Philadelphia, PA

See salaries for Underwriter in locations close to Philadelphia, PA. 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 Philadelphia, Pennsylvania

Philadelphia, sometimes known colloquially as Philly, is the largest city in the U.S. state and Commonwealth of Pennsylvania, and the sixth-most populous U.S. city, with a 2017 census-estimated population of 1,580,863. Since 1854, the city has been coterminous with Philadelphia County, the most populous county in Pennsylvania and the urban core of the eighth-largest U.S. metropolitan statistical area, with over 6 million residents as of 2017[update]. Philadelphia is also the economic and cultural anchor of the greater Delaware Valley, located along the lower Delaware and Schuylkill Rivers, wit...

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

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Underwriter I	LOCATION Philadelphia, PA	MINIMUM SALARY $59,126	MAXIMUM SALARY $75,131
JOB TITLE Underwriter II	LOCATION Philadelphia, PA	MINIMUM SALARY $70,726	MAXIMUM SALARY $91,167
JOB TITLE Underwriter III	LOCATION Philadelphia, PA	MINIMUM SALARY $91,060	MAXIMUM SALARY $117,562
JOB TITLE Underwriter IV	LOCATION Philadelphia, PA	MINIMUM SALARY $105,548	MAXIMUM SALARY $141,454
JOB TITLE Underwriter V	LOCATION Philadelphia, PA	MINIMUM SALARY $134,134	MAXIMUM SALARY $186,690
JOB TITLE Health Underwriter	LOCATION Philadelphia, PA	MINIMUM SALARY $64,932	MAXIMUM SALARY $78,609

The Underwriter job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Philadelphia, PA that might be a good fit for the type of job and salary you are looking for.

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