Average Loan Underwriter, Mortgage Salary - Payscale

United StatesJobLoan Underwriter, MortgageAverage Loan Underwriter, Mortgage SalaryPayJob DetailsSkillsJob ListingsEmployersHow should I pay?Price a JobWhat am I worth?Find market worth$74,069/ yearAvg. Base Salary (USD)10%$51kMEDIAN$74k90%$100k

The average salary for a Loan Underwriter, Mortgage is $74,069 in 2026

Base Salary$51k - $100kBonus$1k - $11kProfit Sharing$772 - $5kCommission$0 - $20kTotal Pay$50k - $100kBased on 355 salary profiles (last updated Jan 29 2026)Is Average Loan Underwriter, Mortgage Salary your job title? Find out what you should be paidUse our tool to get a personalized report on your market worth.What's this?Location:United States (change)Years in Field/Career:How it works:1Enter city & years of experience2Add pay factors like skills & education3Find your market worth with a report tailored to youEXPLORE BY:CityPhoenix, AZHouston, TXSan Antonio, TXOrlando, FLNew York, NYAtlanta, GACharlotte, NCGrand Rapids, MIDallas, TXBoston, MASee All CitiesDon't see what you are looking for?Get A Free Custom Salary Report »ExperienceEntry LevelEarly CareerMid CareerExperiencedLate CareerDon't see what you are looking for?Get A Free Custom Salary Report »SkillLoan UnderwritingMortgage LoansResidential LoansFinancial AnalysisRisk Management / Risk ControlReal EstateData AnalysisLoan ProcessingLoan DocumentsRegulatory ComplianceSee All SkillsDon't see what you are looking for?Get A Free Custom Salary Report »EmployerWells Fargo & Co.Wells Fargo Home MortgageBank of America Corp. (BOFA)Primary Residential Mortgage, Inc.J.P. Morgan Chase & Co. (JPMCC)Wells Fargo BankSunTrust Mortgage, Inc.U.S. BankFirst Reliance BankBank of America CorporationSee All EmployersDon't see what you are looking for?Get A Free Custom Salary Report »JobAdministrative AssistantFinancial AnalystCustomer Service Representative (CSR)Office ManagerCashierData AnalystSenior Financial AnalystSales AssociateRetail Store ManagerOperations ManagerDon't see what you are looking for?Get A Free Custom Salary Report »

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What is the Pay by Experience Level for Loan Underwriter, Mortgages?

Entry Level▼29%Early Career▼14%Mid Career▼5%Late Career▲12%Experienced▲19%

An entry-level Loan Underwriter, Mortgage with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $52,222 based on 53 salaries. An early career Loan Underwriter, Mortgage with 1-4 years of experience earns an average total compensation of $63,370 based on 115 …Read more

What Do Loan Underwriter, Mortgages Do?

Mortgage loan underwriters are responsible for approving or rejecting mortgages. To make this decision, the mortgage underwriter must generate a risk report and demonstrate how the contents of the report are within the lender's guidelines for approval, or how the contents of the report fail to meet the guidelines. The first thing that mortgage underwriters do is obtain and review credit reports for prospective debtors. Next, they obtain information from prospective debtors about their income, …Read more

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How do Loan Underwriter, Mortgages Rate Their Jobs?

4.1 out of 5(31)Highly Satisfied11ReviewsBased on 31 responses, the job of Loan Underwriter, Mortgage has received a job satisfaction rating of 4.14 out of 5. On average, Loan Underwriter, Mortgages are highly satisfied with their job. See all reviews

Common Health Benefits for a Loan Underwriter, Mortgage

Medical86%Dental78%Vision71%None12%

Gender Breakdown for Loan Underwriter, Mortgages

Female63.2%Male34.0%Prefer to self-define1.9%This data is based on 106 survey responses. Learn more about the gender pay gap.

FAQs About Loan Underwriter, Mortgages

What is the highest pay for Loan Underwriter, Mortgages?

Our data indicates that the highest pay for a Loan Underwriter, Mortgage is $100k / year

What is the lowest pay for Loan Underwriter, Mortgages?

Our data indicates that the lowest pay for a Loan Underwriter, Mortgage is $51k / year

How can Loan Underwriter, Mortgages increase their salary?

Increasing your pay as a Loan Underwriter, Mortgage is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loan Underwriter, Mortgage that oversees more junior Loan Underwriter, Mortgages, this experience can increase the likelihood to earn more.

WHAT AM I WORTH?What your skills are worth in the job market is constantly changing.Job Title:Location:United States (change)