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Underwriter Mortgage

Underwriter Mortgage Salary

  Annual Salary Monthly Pay Weekly Pay Hourly Wage
Top Earners $102,500 $8,541 $1,971 $49
75th Percentile $85,000 $7,083 $1,634 $41
Average $72,917 $6,076 $1,402 $35
25th Percentile $55,000 $4,583 $1,057 $26
$37,000 - $44,499
9% of jobs
$44,500 - $51,999
12% of jobs
$55,000 is the 25th percentile. Salaries below this are outliers.
$52,000 - $59,499
11% of jobs
$59,500 - $66,999
13% of jobs
The average salary is $72,917 a year
$67,000 - $74,499
13% of jobs
$74,500 - $81,999
14% of jobs
$85,000 is the 75th percentile. Salaries above this are outliers.
$82,000 - $89,499
8% of jobs
$89,500 - $96,999
7% of jobs
$102,500 is the 90th percentile. Salaries above this are outliers.
$97,000 - $104,499
4% of jobs
$104,500 - $111,999
3% of jobs
$112,000 - $119,500
1% of jobs

National Average

$37,000 $72,917/year $35/hour $119,500
Underwriter Mortgage Salary Comparison by Location
United States
Chicago, IL

As of Nov 23, 2020, the average annual pay for an Underwriter Mortgage in the United States is $72,917 a year.

Just in case you need a simple salary calculator, that works out to be approximately $35.06 an hour. This is the equivalent of $1,402/week or $6,076/month.

While ZipRecruiter is seeing annual salaries as high as $119,500 and as low as $37,000, the majority of Underwriter Mortgage salaries currently range between $55,000 (25th percentile) to $85,000 (75th percentile) with top earners (90th percentile) making $102,500 annually across the United States. The average pay range for an Underwriter Mortgage varies greatly (by as much as $30,000), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.

Based on recent job postings on ZipRecruiter, the Underwriter Mortgage job market in both Chicago, IL and the surrounding area is very active. An Underwriter Mortgage in your area makes on average $74,644 per year, or $1,727 (2%) more than the national average annual salary of $72,917. ranks number 1 out of 50 states nationwide for Underwriter Mortgage salaries.

To estimate the most accurate annual salary range for Underwriter Mortgage jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.

Find your next high paying job as an Underwriter Mortgage on ZipRecruiter today.

Top 10 Highest Paying Cities for Underwriter Mortgage Jobs

We’ve identified 10 cities where the typical salary for an Underwriter Mortgage job is above the national average. Topping the list is New York City, NY, with San Mateo, CA and Boston, MA close behind in the second and third positions. Boston, MA beats the national average by $8,359 (10.8%), and New York City, NY furthers that trend with another $12,186 (15.4%) above the $72,917 average.

Importantly, New York City, NY has a moderately active Underwriter Mortgage job market with only a few companies currently hiring for this type of role.

With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as an Underwriter Mortgage appears to be exceedingly fruitful.

Finally, another factor to consider is the average salary for these top ten cities varies very little at 7% between New York City, NY and Richmond, CA, reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for an Underwriter Mortgage role.

CityAnnual SalaryMonthly PayWeekly PayHourly Wage
New York City, NY$85,103$7,092$1,637$40.91
San Mateo, CA$83,979$6,998$1,615$40.37
Boston, MA$81,277$6,773$1,563$39.08
Juneau, AK$81,268$6,772$1,563$39.07
Berkeley, CA$80,709$6,726$1,552$38.80
Daly City, CA$80,481$6,707$1,548$38.69
Santa Monica, CA$80,334$6,694$1,545$38.62
Quincy, MA$80,000$6,667$1,538$38.46
Renton, WA$79,958$6,663$1,538$38.44
Richmond, CA$79,251$6,604$1,524$38.10

Top 5 Best Paying Related Underwriter Mortgage Jobs in the U.S.

We found at least five jobs related to the Underwriter Mortgage job category that pay more per year than a typical Underwriter Mortgage salary. Top examples of these roles include: Mortgage Banker, Regional Mortgage Manager, and Mortgage Credit Risk Management.

Importantly, all of these jobs are paid between $19,946 (24.1%) and $53,033 (53.3%) more than the average Underwriter Mortgage salary of $72,917. If you’re qualified, getting hired for one of these related Underwriter Mortgage jobs may help you make more money than that of the average Underwriter Mortgage position.

Job TitleAnnual SalaryMonthly PayWeekly PayHourly Wage
Mortgage Banker$125,950$10,496$2,422$60.55
Regional Mortgage Manager$101,874$8,490$1,959$48.98
Mortgage Credit Risk Management$96,617$8,051$1,858$46.45
Mortgage Underwriting Manager$93,333$7,778$1,795$44.87
Mortgage Wholesale$92,863$7,739$1,786$44.65
About Our Data
ZipRecruiter salary estimates, histograms, trends and comparisons are derived from both employer job postings and third party data sources.
Data used to develop this report includes ADP data. ADP is an exclusive provider of employee payroll data for ZipRecruiter.

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Underwriter Mortgage Salaries by State

Underwriter Mortgage Salaries by State
Nearby Underwriter Mortgage Jobs
Within 25 miles of Chicago, IL

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