This question is about what a mortgage underwriter does, what an underwriter does, and mortgage underwriter.

Are underwriters paid well?

By Zippia Team - Nov. 17, 2021

Yes, underwriters are paid well. In some industries, they can make six-figure salaries.

The average underwriter's salary is $68,217 per year or $32.80 per hour. On the lower end of the salary range, people can make around $46,000, usually those in entry-level positions. On the higher end, underwriters can make $100,000 or more. As most jobs go, factors like industry, location, and experience can decide salary.

The top-paying states are Massachusetts, New York, and California. Some of the top-paying industries are finance and insurance. For example, according to the U.S. Bureau of Labor Statistics, an insurance underwriter working in the metropolitan area of New York-Newark-New Jersey City can make an annual mean wage of $103,240.

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