Underwriter Salary in Rockford, Illinois

How much does an Underwriter make in Rockford, IL?

As of April 01, 2025, the average annual salary for an Underwriter in Rockford, IL is $94,598. According to Salary.com, salaries can range from a low of $74,734 to a high of $121,694, with most professionals earning between $84,200 and $108,781.

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Salary range for an Underwriter

$84,200 to $108,781

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Underwriter

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Job Openings for Underwriter in Rockford, IL

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 Rockford, IL

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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 Rockford, IL

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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 Rockford, IL

Average Base Salary

Core compensation

84200

108781

94598

Average Total Cash Compensation

Includes base and annual incentives

88743

118896

101100

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 Rockford, IL. The base salary for Underwriter ranges from $84,200 to $108,781 with the average base salary of $94,598. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $88,743 to $118,896 with the average total cash compensation of $101,100.

View Average Salary for Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$94,598	$84,200 - $108,781
Bonus	$6,502	$4,542 - $10,115
Total Pay	$101,100	$88,743 - $118,896

* 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 Rockford, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Rockford, IL
CITY, STATE Janesville, WI	AVERAGE SALARY RANGE $84,419 - $109,064	COMPARE TO Rockford, IL
CITY, STATE Elgin, IL	AVERAGE SALARY RANGE $88,842 - $114,778	COMPARE TO Rockford, IL
CITY, STATE Hoffman Estates, IL	AVERAGE SALARY RANGE $89,559 - $115,704	COMPARE TO Rockford, IL
CITY, STATE Aurora, IL	AVERAGE SALARY RANGE $89,638 - $115,806	COMPARE TO Rockford, IL
CITY, STATE Madison, WI	AVERAGE SALARY RANGE $86,123 - $111,266	COMPARE TO Rockford, IL
CITY, STATE Wheaton, IL	AVERAGE SALARY RANGE $89,122 - $115,140	COMPARE TO Rockford, IL

See salaries for Underwriter in locations close to Rockford, IL. 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 Rockford, Illinois

Rockford is a city in Winnebago County in the U.S. state of Illinois, in far northern Illinois. Located on the banks of the Rock River, Rockford is the county seat of Winnebago County (a small portion of the city is located in Ogle County). The largest city in Illinois outside of the Chicago metropolitan area, Rockford is the third-largest city in the state and the 171st most populous in the United States According to 2010 U.S. Census Data, the City of Rockford had a population of 152,871, with an outlying metropolitan area population of 348,360. The City of Rockford's population is 147,051...

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

View Salary for Similar Jobs to Underwriter in Rockford, IL

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Underwriter I	LOCATION Rockford, IL	MINIMUM SALARY $51,797	MAXIMUM SALARY $64,984
JOB TITLE Underwriter II	LOCATION Rockford, IL	MINIMUM SALARY $61,592	MAXIMUM SALARY $74,275
JOB TITLE Underwriter III	LOCATION Rockford, IL	MINIMUM SALARY $81,614	MAXIMUM SALARY $97,595
JOB TITLE Underwriter IV	LOCATION Rockford, IL	MINIMUM SALARY $97,382	MAXIMUM SALARY $112,585
JOB TITLE Underwriter V	LOCATION Rockford, IL	MINIMUM SALARY $114,867	MAXIMUM SALARY $143,268
JOB TITLE Health Underwriter	LOCATION Rockford, IL	MINIMUM SALARY $61,592	MAXIMUM SALARY $74,275

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