Underwriter Salary in Phoenix, Arizona

How much does an Underwriter make in Phoenix, AZ?

As of April 01, 2025, the average annual salary for an Underwriter in Phoenix, AZ is $97,014. According to Salary.com, salaries can range from a low of $76,642 to a high of $124,803, with most professionals earning between $86,351 and $111,560.

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Salary range for an Underwriter

$86,351 to $111,560

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Underwriter

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Job Openings for Underwriter in Phoenix, AZ

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 Phoenix, AZ

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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 Phoenix, AZ

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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 Phoenix, AZ

Average Base Salary

Core compensation

86351

111560

97014

Average Total Cash Compensation

Includes base and annual incentives

91009

121933

103683

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 Phoenix, AZ. The base salary for Underwriter ranges from $86,351 to $111,560 with the average base salary of $97,014. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $91,009 to $121,933 with the average total cash compensation of $103,683.

View Average Salary for Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$97,014	$86,351 - $111,560
Bonus	$6,669	$4,658 - $10,373
Total Pay	$103,683	$91,009 - $121,933

* 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 Phoenix, AZ

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Phoenix, AZ
CITY, STATE Glendale, AZ	AVERAGE SALARY RANGE $86,351 - $111,560	COMPARE TO Phoenix, AZ 0%
CITY, STATE Peoria, AZ	AVERAGE SALARY RANGE $86,176 - $111,334	COMPARE TO Phoenix, AZ
CITY, STATE Tempe, AZ	AVERAGE SALARY RANGE $86,368 - $111,582	COMPARE TO Phoenix, AZ
CITY, STATE Sun City, AZ	AVERAGE SALARY RANGE $86,001 - $111,108	COMPARE TO Phoenix, AZ
CITY, STATE Scottsdale, AZ	AVERAGE SALARY RANGE $86,368 - $111,582	COMPARE TO Phoenix, AZ
CITY, STATE Avondale, AZ	AVERAGE SALARY RANGE $86,115 - $111,255	COMPARE TO Phoenix, AZ

See salaries for Underwriter in locations close to Phoenix, AZ. 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 Phoenix, Arizona

Phoenix is in the southwestern United States, in the south-central portion of Arizona; about halfway between Tucson to the southeast and Flagstaff to the north. By car, the city is approximately 150 miles (240 kilometers) north of the US-Mexico border at Sonoyta and 180 mi (290 km) north of the border at Nogales. The metropolitan area is known as the "Valley of the Sun" due to its location in the Salt River Valley. It lies at a mean elevation of 1,086 feet (331 m), in the northern reaches of the Sonoran Desert. Other than the mountains in and around the city, the topography of Phoenix is gener...

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 Phoenix, AZ	MINIMUM SALARY $53,120	MAXIMUM SALARY $66,644
JOB TITLE Underwriter II	LOCATION Phoenix, AZ	MINIMUM SALARY $63,165	MAXIMUM SALARY $76,172
JOB TITLE Underwriter III	LOCATION Phoenix, AZ	MINIMUM SALARY $83,698	MAXIMUM SALARY $100,088
JOB TITLE Underwriter IV	LOCATION Phoenix, AZ	MINIMUM SALARY $99,870	MAXIMUM SALARY $115,460
JOB TITLE Underwriter V	LOCATION Phoenix, AZ	MINIMUM SALARY $117,801	MAXIMUM SALARY $146,927
JOB TITLE Health Underwriter	LOCATION Phoenix, AZ	MINIMUM SALARY $63,165	MAXIMUM SALARY $76,172

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 Phoenix, AZ that might be a good fit for the type of job and salary you are looking for.

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