Mortgage Underwriter Salary in the US
$67,440
per year
per month
$5,620
per month
per year
Bonus
$3,800/year
Commission
$5,700/year
Bonus
$320/month
Commission
$480/month
Mortgage Underwriter - Average Salary
The average salary for a Mortgage Underwriter is $67,440 per year ($5,620 per month), which is $13,950 (+26%) higher than the average salary in the United States.
A Mortgage Underwriter can expect an average starting salary of $48,625. The highest salaries can exceed $94,550.
A Mortgage Underwriter can expect an average starting salary of $48,625. The highest salaries can exceed $94,550.
$48,625
Low
$67,440
Average salary
$94,550
High
$4,050
Low
$5,620
Average salary
$7,880
High
Total pay includes salary, bonus and commission.
$1,200 $65,200 $131,550 | ||
| Salary | $48,625 - 94,550 | |
| Bonus | $1,200 - 15,500 | |
| Commission | $2,300 - 21,500 | |
| Total Pay | $52,125 - 131,550 |
$100 $5,430 $10,960 | ||
| Salary | $4,050 - 7,880 | |
| Bonus | $100 - 1,290 | |
| Commission | $190 - 1,790 | |
| Total Pay | $4,340 - 10,960 |
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Mortgage Underwriter Salary Range
Among Mortgage Underwriters in the U.S., entry level mortgage underwriters and junior mortgage underwriters earn considerably less per year, while commercial mortgage underwriters and senior mortgage underwriters boast the highest annual earnings.
Mortgage Underwriter - Salary Differences
| Job | Salary | Difference |
|---|---|---|
| Senior Mortgage Underwriter | $79K/year | +17% |
| Commercial Mortgage Underwriter | $78K/year | +16% |
| Entry Level Mortgage Underwriter | $59K/year | -13% |
| Junior Mortgage Underwriter | $57K/year | -16% |
Mortgage Underwriter - Pay by Experience Level in the United States
An Entry Level Mortgage Underwriter with less than three years of experience can expect to earn an average starting salary of $56,230 per year. A mid level Mortgage Underwriter with 4-9 years of experience earns an average salary of $67,440, while a Senior Mortgage Underwriter with 10-20 years of experience makes on average $74,600. Mortgage Underwriters with more than 20 years of experience earn $79,420 per year on average.
How Work Experience Affects the Salary of a Mortgage Underwriter
| Late Career | ▲ +18% |
| Senior | ▲ +11% |
| Mid Level | ±0% |
| Average Salary | $67,440/year |
| Entry Level | ▼ -17% |
Gender Breakdown
Female
29%
29%
Male
71%
71%
Mortgage Underwriter - Related Salaries
The salary information presented on this page is based on all Mortgage Underwriter jobs published on Jobted in the last 12 months and on data from the Bureau of Labor Statistics (BLS.gov).
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