How much does a Mortgage Underwriter make?

Updated May 5, 2021

Industry

Employer Size

Experience

$74,843 /yr
Average Base Pay

1,966 salaries

$52K

Low

$75K

Average

$108K

High

No additional cash compensation has been reported for this role

The national average salary for a Mortgage Underwriter is $74,843 in United States. Filter by location to see Mortgage Underwriter salaries in your area. Salary estimates are based on 1,966 salaries submitted anonymously to Glassdoor by Mortgage Underwriter employees.

Seniority Levels

L2
Underwriter$63,244 /yr
L3
Senior Underwriter$86,512 /yr
L4
Underwriter Iv$100,433 /yr
Career Path

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Related Job Titles

Mortgage Underwriter II

$64,559

per year

Senior Mortgage Underwriter

$84,475

per year

DE MORTGAGE UNDERWRITER

$74,071

per year

Junior Underwriter

$49,170

per year

Salaries by Company

Location

or

Find a Specific Employer

Sort:

Company

Average Base Salary in (USD)

Range

Wells Fargo
3.7

Wells Fargo

Mortgage Underwriter

$63,375

 /yr
Range: $40K - $113K
203 salaries
See 116 salaries from all locations

$40K

$113K

$40,427 - $113,000 Range

Bank of America
4.1

Bank of America

Mortgage Underwriter

$65,108

 /yr
Range: $36K - $100K

$36K

$100K

$36,476 - $100,000 Range

J.P. Morgan
4

J.P. Morgan

Mortgage Underwriter

$66,752

 /yr
Range: $48K - $105K

$48K

$105K

$47,699 - $105,335 Range

Chase
3.8

Chase

Mortgage Underwriter

$65,505

 /yr
Range: $50K - $102K

$50K

$102K

$49,935 - $101,528 Range

Citizens
3.6

Citizens

Mortgage Underwriter

$90,272

 /yr
Range: $63K - $111K

$63K

$111K

$62,545 - $110,789 Range

Aerotek
3.5

Aerotek

Mortgage Underwriter

$86,169

 /yr
Range: $63K - $117K

$63K

$117K

$62,575 - $116,944 Range

United Wholesale Mortgage (UWM)
3.2

United Wholesale Mortgage (UWM)

Mortgage Underwriter

$48,371

 /yr
Range: $34K - $88K

$34K

$88K

$33,550 - $88,424 Range

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Citi
3.9

Citi

Mortgage Underwriter

$64,209

 /yr
Range: $42K - $93K

$42K

$93K

$41,716 - $93,386 Range

Quicken Loans
3.9

Quicken Loans

Mortgage Underwriter

$66,015

 /yr
Range: $43K - $94K

$43K

$94K

$43,214 - $94,284 Range

U.S. Bank
3.7

U.S. Bank

Mortgage Underwriter

$62,989

 /yr
Range: $39K - $93K

$39K

$93K

$38,839 - $92,840 Range

Paramount Residential Mortgage Group
4.4

Paramount Residential Mortgage Group

Mortgage Underwriter

$92,324

 /yr
Range: $82K - $108K

$82K

$108K

$82,310 - $107,592 Range

Vale Solution

Mortgage Underwriter

$169,261

 /yr
Range: $108K - $169K

$108K

$169K

$107,711 - $169,261 Range

BBVA
3.7

BBVA

Mortgage Underwriter

$59,798

 /yr
Range: $52K - $95K

$52K

$95K

$52,363 - $94,681 Range

Regions Financial
3.5

Regions Financial

Mortgage Underwriter

$54,966

 /yr
Range: $51K - $80K

$51K

$80K

$51,192 - $80,407 Range

Provident Funding
2.9

Provident Funding

Mortgage Underwriter

$59,730

 /yr
Range: $44K - $81K

$44K

$81K

$43,792 - $80,640 Range

Freedom Mortgage
4.1

Freedom Mortgage

Mortgage Underwriter

$59,201

 /yr
Range: $50K - $100K

$50K

$100K

$49,547 - $100,010 Range

Capital One
4.1

Capital One

Mortgage Underwriter

$62,727

 /yr
Range: $50K - $100K

$50K

$100K

$49,661 - $99,838 Range

CyberCoders
4

CyberCoders

Mortgage Underwriter

$95,316

 /yr
Range: $69K - $118K

$69K

$118K

$69,243 - $117,970 Range

loanDepot
3.5

loanDepot

Mortgage Underwriter

$82,273

 /yr
Range: $59K - $105K

$59K

$105K

$58,861 - $105,025 Range

Movement Mortgage
3.9

Movement Mortgage

Mortgage Underwriter

$77,072

 /yr
Range: $50K - $93K

$50K

$93K

$49,806 - $93,350 Range

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Frequently asked questions about Mortgage Underwriter salaries

The average salary for a Mortgage Underwriter is $74,843 in United States. Salaries estimates are based on 1966 salaries submitted anonymously to Glassdoor by Mortgage Underwriter employees in United States.

The highest salary for a Mortgage Underwriter in United States is $108,445 per year.

The lowest salary for a Mortgage Underwriter in United States is $51,652 per year.

If you are thinking of becoming a Mortgage Underwriter or planning the next step in your career, find out in our Career hub the career path and salary trajectory of a Mortgage Underwriter.

See how your offer stacks up to other pay packages and negotiate confidently on our Offer Analyzer.

Recent Salary Reports

Below are the most recent mortgage underwriter salary reports. Employer name has been removed to protect anonymity.

$89,800
per year
A Risk and Underwriting Advisor in the Denver, CO Area area reported making $89,800 per year
Job Highlights
8-10 years experience
Denver, CO Area area
Full-time
 
10000+ employees
Company - Public
$47,500
per year
An Underwriting Advocate in the Tampa, FL Area area reported making $47,500 per year
Job Highlights
1-2 years experience
Tampa, FL Area area
Full-time
 
201 to 500 employees
Company - Public
$19
hourly
An Underwriter in the Detroit, MI Area area reported making $19 per hour
Job Highlights
1-2 years experience
Detroit, MI Area area
Full-time
 
5001 to 10000 employees
Company - Public
$50,000
per year
A VA IRRRL Underwriter in the Indianapolis, IN Area area reported making $50,000 per year
Job Highlights
1-2 years experience
Indianapolis, IN Area area
Full-time
 
5001 to 10000 employees
Company - Private
$185,000
per year
An Underwriter in the New York City, NY Area area reported making $185,000 per year
Job Highlights
10+ years experience
New York City, NY Area area
 
Full-time
501 to 1000 employees
$71,500
per year
A Residential Mortgage Underwriter in the San Antonio, TX Area area reported making $71,500 per year
Job Highlights
10+ years experience
San Antonio, TX Area area
Full-time
 
10000+ employees
Company - Private
$75,000
per year
An Underwriter in the Lakeland, FL Area area reported making $75,000 per year
Additional Pay
$5k cash bonus
$5k stock bonus
$20k tips/gratuities
Job Highlights
10+ years experience
Lakeland, FL Area area
Full-time
 
5001 to 10000 employees
Company - Public
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