Underwriter Salary in Portland, Oregon

How much does an Underwriter make in Portland, OR?

As of March 01, 2025, the average annual salary for an Underwriter in Portland, OR is $102,058. According to Salary.com, salaries can range from a low of $80,636 to a high of $131,277, with most professionals earning between $90,845 and $117,352.

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Salary range for an Underwriter

$90,845 to $117,352

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Underwriter

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Job Openings for Underwriter in Portland, OR

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 Portland, OR

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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 Portland, OR

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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 Portland, OR

Average Base Salary

Core compensation

90845

117352

102058

Average Total Cash Compensation

Includes base and annual incentives

95745

128264

109070

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 Portland, OR. The base salary for Underwriter ranges from $90,845 to $117,352 with the average base salary of $102,058. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $95,745 to $128,264 with the average total cash compensation of $109,070.

View Average Salary for Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$102,058	$90,845 - $117,352
Bonus	$7,012	$4,900 - $10,912
Total Pay	$109,070	$95,745 - $128,264

* 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 Portland, OR

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Portland, OR
CITY, STATE Clackamas, OR	AVERAGE SALARY RANGE $90,712 - $117,181	COMPARE TO Portland, OR
CITY, STATE Gresham, OR	AVERAGE SALARY RANGE $90,712 - $117,181	COMPARE TO Portland, OR
CITY, STATE Lake Oswego, OR	AVERAGE SALARY RANGE $90,828 - $117,331	COMPARE TO Portland, OR
CITY, STATE Vancouver, WA	AVERAGE SALARY RANGE $90,596 - $117,032	COMPARE TO Portland, OR
CITY, STATE Beaverton, OR	AVERAGE SALARY RANGE $90,828 - $117,331	COMPARE TO Portland, OR
CITY, STATE Oregon City, OR	AVERAGE SALARY RANGE $90,479 - $116,881	COMPARE TO Portland, OR

See salaries for Underwriter in locations close to Portland, OR. 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 Portland, Oregon

Portland is the largest and most populous city in the U.S. state of Oregon and the seat of Multnomah County. It is a major port in the Willamette Valley region of the Pacific Northwest, at the confluence of the Willamette and Columbia rivers. As of 2017, Portland had an estimated population of 647,805, making it the 26th-largest city in the United States, and the second-most populous in the Pacific Northwest (after Seattle). Approximately 2.4 million people live in the Portland metropolitan statistical area (MSA), making it the 25th most populous MSA in the United States. Its Combined Statist...

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 Portland, OR	MINIMUM SALARY $58,343	MAXIMUM SALARY $74,135
JOB TITLE Underwriter II	LOCATION Portland, OR	MINIMUM SALARY $69,788	MAXIMUM SALARY $89,958
JOB TITLE Underwriter III	LOCATION Portland, OR	MINIMUM SALARY $89,852	MAXIMUM SALARY $116,003
JOB TITLE Underwriter IV	LOCATION Portland, OR	MINIMUM SALARY $104,149	MAXIMUM SALARY $139,578
JOB TITLE Underwriter V	LOCATION Portland, OR	MINIMUM SALARY $132,356	MAXIMUM SALARY $184,215
JOB TITLE Health Underwriter	LOCATION Portland, OR	MINIMUM SALARY $64,071	MAXIMUM SALARY $77,567

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

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