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How Much Does a Mortgage Underwriter Earn In The United States?

Mortgage Underwriter Salaries
Updated December 31, 2020
Average Yearly Salary
$68,000
$49,000
$68,000
$94,000
Mortgage underwriters in the United States make an average salary of $68,343 per year or $32.86 per hour. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $49,000 a year, while the top 10% makes $94,000. As most things go, location can be critical. Texas, Florida, Connecticut, New Hampshire, and New Jersey provide the highest mortgage underwriter salaries.
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Where Mortgage Underwriters Earn The Most

The darker areas on the map show where mortgage underwriters earn the highest salaries across all 50 states.

Average Salary

How Much Do Mortgage Underwriters Earn In Different Cities?

If both location and money are important to you, then you might want to check out moving to Texas, Florida and Connecticut, as these three states offer the highest salaries throughout the U.S. for mortgage underwriters. Quite opposite of that list is the lowest paying states, which are Georgia, Michigan, and Alaska.
Location
City
Average Salary

Houston, TX

Salary Range61k - 102k$79k$79,186

Tampa, FL

Salary Range58k - 100k$77k$76,896

Richmond, CA

Salary Range58k - 95k$75k$74,961

New York, NY

Salary Range56k - 96k$74k$73,871

Spokane, WA

Salary Range56k - 90k$72k$71,507

Englewood, CO

Salary Range55k - 91k$71k$71,139

Olathe, KS

Salary Range53k - 91k$70k$70,285

Columbia, MO

Salary Range53k - 90k$70k$69,532

Des Moines, IA

Salary Range52k - 89k$68k$68,465

Cleveland, OH

Salary Range52k - 88k$68k$68,103
$48k
$102k

High Paying Mortgage Underwriter Jobs

Which Companies Pay Mortgage Underwriters The Most?

If you want to get paid the most as a mortgage underwriter, being employed by a company such as First Republic Bank or UBS would be a smart choice, as they are the highest paying companies in this field. Additionally, companies like Union Bank and Fifth Third Bank also report highly competitive salaries for mortgage underwriters.
Company
Company
Average Salary
First Republic Bank
Salary Range85k - 111k$98k$97,615
UBS
Salary Range85k - 107k$96k$96,070
Union Bank
Salary Range83k - 105k$94k$93,627
Fifth Third Bank
Salary Range80k - 99k$89k$89,425
U.S. Bank
Salary Range81k - 97k$89k$88,841
Hancock Whitney
Salary Range77k - 92k$85k$84,924
International Bancshares
Salary Range75k - 93k$84k$84,044
Western Alliance Bank
Salary Range74k - 94k$84k$83,528
Bank of the West
Salary Range73k - 94k$83k$83,496
TCF Bank
Salary Range74k - 92k$83k$83,029
$66k
$111k

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Mortgage Underwriter Salary History

Compare salaries for individual cities or states with the national average.

Location

    How Experience Affects Mortgage Underwriter Salaries

    The salary for a mortgage underwriter can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

    Recently Added Mortgage Underwriter Salaries

    Location
    CompanyJobLocationDate AddedSalary
    Mortgage Underwriter
    Mortgage Underwriter
    Columbus, OH
    Columbus, OH
    01/28/2021
    01/28/2021
    $69,000
    $69,000
    01/28/2021
    Mortgage Underwriter 3-Cincinnati, OH or Telecommute
    Mortgage Underwriter 3-Cincinnati, OH or Telecommute
    Enon, OH
    Enon, OH
    01/27/2021
    01/27/2021
    $59,104
    $59,104
    01/27/2021
    FHA Mortgage Underwriter
    FHA Mortgage Underwriter
    Dallas, TX
    Dallas, TX
    01/26/2021
    01/26/2021
    $82,000
    $82,000
    01/26/2021
    Remote SR. Mortgage Underwriter
    Remote SR. Mortgage Underwriter
    Oakland, CA
    Oakland, CA
    01/26/2021
    01/26/2021
    $93,915
    $93,915
    01/26/2021
    Mortgage Underwriter 2-Cincinnati, OH or Telecommute
    Mortgage Underwriter 2-Cincinnati, OH or Telecommute
    Iona, FL
    Iona, FL
    01/26/2021
    01/26/2021
    $51,966
    $51,966
    01/26/2021
    Mortgage Underwriter 2-Cincinnati, OH or Telecommute
    Mortgage Underwriter 2-Cincinnati, OH or Telecommute
    Iona, FL
    Iona, FL
    01/25/2021
    01/25/2021
    $51,966
    $51,966
    01/25/2021
    Mortgage Underwriter
    Mortgage Underwriter
    The Woodlands, TX
    The Woodlands, TX
    01/25/2021
    01/25/2021
    $65,000
    $65,000
    01/25/2021
    VA Mortgage Underwriter-Remote!
    VA Mortgage Underwriter-Remote!
    Overland Park, KS
    Overland Park, KS
    01/23/2021
    01/23/2021
    $57,500
    $57,500
    01/23/2021
    VA Mortgage Underwriter-Work From Home
    VA Mortgage Underwriter-Work From Home
    Philadelphia, PA
    Philadelphia, PA
    01/22/2021
    01/22/2021
    $63,900
    $63,900
    01/22/2021
    VA Mortgage Underwriter-Remote!
    VA Mortgage Underwriter-Remote!
    Jacksonville, FL
    Jacksonville, FL
    01/21/2021
    01/21/2021
    $57,500
    $57,500
    01/21/2021