Q: Are underwriters paid well?

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.

Q: Do underwriters make good money?

Yes, underwriters typically make good money. 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.

Q: Is being an underwriter stressful?

Yes, being an underwriter can be stressful. The stakes are fairly high because an underwriter evaluates and assesses financial risks for groups or investors to decide whether it's worth investing.

Q: Is underwriting a dying career?

No, underwriting is not a dying career. Although automated underwriting software has allowed applications to process more quickly, underwriters are still necessary for higher-level functions like providing analytical insight and decision-making.

Question 1

How much does an underwriter make?

Accepted Answer

The average underwriter salary in the United States is $61,751. Underwriter salaries typically range between $39,000 and $96,000 yearly. The average hourly rate for underwriters is $29.69 per hour.

Underwriter salary is impacted by location, education, and experience. Underwriters earn the highest average salary in Massachusetts.

Question 2

What state pays Underwriters the most?

Accepted Answer

Massachusetts pays Underwriters the most in the United States, with an average salary of $82,615 per year, or $39.72 per hour.

Question 3

How do I know if I'm being paid fairly as an underwriter?

Accepted Answer

You know if you are being paid fairly as an underwriter if your pay is close to the average pay for the state you live in. For example, if you live in New York you should be paid close to $81,909 per year.

Question 4

What is a good starting salary for an Underwriter?

Accepted Answer

A good starting salary for an underwriter is $40,000 in the United States. That puts you in the 10th percentile of annual income for an underwriter in the U.S., which is about what you would expect if you were new to the field. The average salary for underwriters is $59,195, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for an underwriter can vary by state.

Question 5

Are underwriters paid well?

Accepted Answer

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.

Question 6

Do underwriters make good money?

Accepted Answer

Yes, underwriters typically make good money. 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.

Question 7

Is being an underwriter stressful?

Accepted Answer

Yes, being an underwriter can be stressful. The stakes are fairly high because an underwriter evaluates and assesses financial risks for groups or investors to decide whether it's worth investing.

Question 8

Is underwriting a dying career?

Accepted Answer

No, underwriting is not a dying career. Although automated underwriting software has allowed applications to process more quickly, underwriters are still necessary for higher-level functions like providing analytical insight and decision-making.

Question 9

What is the average salary of a mortgage underwriter?

Accepted Answer

The average salary of a mortgage underwriter is $68,519 per year or $32.94 per hour. On the lower end of the salary range, such as entry-level positions, some may only make about $46,000 a year. On the higher end, some can make an average of $100,000 a year.

Experience level	Avg. salary	Hourly rate
Entry-level underwriter	$35,600	$17.12
Mid-level underwriter	$60,200	$28.95
Senior-level underwriter	$105,000	$50.42

Rank	State	Avg. salary	Hourly rate
1	New York	$81,909	$39.38
2	Michigan	$64,894	$31.20
3	Connecticut	$73,479	$35.33
4	Pennsylvania	$72,796	$35.00
5	California	$74,814	$35.97
6	Delaware	$67,163	$32.29
7	Illinois	$64,607	$31.06
8	Arizona	$62,240	$29.92
9	North Carolina	$63,652	$30.60
10	Colorado	$65,377	$31.43
11	Massachusetts	$82,615	$39.72
12	Texas	$62,629	$30.11
13	Ohio	$62,099	$29.86
14	New Jersey	$68,562	$32.96
15	Washington	$66,506	$31.97
16	Kansas	$58,738	$28.24
17	Oregon	$62,747	$30.17
18	Rhode Island	$58,845	$28.29
19	New Hampshire	$65,394	$31.44
20	North Dakota	$57,428	$27.61
21	Nevada	$57,206	$27.50
22	District of Columbia	$71,996	$34.61
23	Wisconsin	$60,024	$28.86
24	Maine	$55,826	$26.84
25	South Dakota	$53,329	$25.64
26	Virginia	$63,683	$30.62
27	Minnesota	$57,440	$27.62
28	Maryland	$61,777	$29.70
29	Utah	$52,141	$25.07
30	Georgia	$57,066	$27.44
31	Indiana	$54,332	$26.12
32	Missouri	$55,992	$26.92
33	Vermont	$54,219	$26.07
34	Wyoming	$48,943	$23.53
35	Iowa	$52,053	$25.03
36	West Virginia	$52,802	$25.39
37	Idaho	$50,974	$24.51
38	Kentucky	$50,854	$24.45
39	Florida	$52,728	$25.35
40	New Mexico	$52,799	$25.38
41	Montana	$51,360	$24.69
42	Hawaii	$46,260	$22.24
43	Oklahoma	$52,556	$25.27
44	Nebraska	$48,965	$23.54
45	Tennessee	$49,535	$23.81
46	South Carolina	$46,207	$22.21
47	Alaska	$41,826	$20.11
48	Mississippi	$45,366	$21.81
49	Alabama	$45,601	$21.92
50	Louisiana	$45,680	$21.96
51	Arkansas	$46,189	$22.21

Rank	City	Avg. salary	Hourly rate
1	Boston, MA	$82,491	$39.66
2	New York, NY	$82,136	$39.49
3	San Francisco, CA	$78,232	$37.61
4	Hartford, CT	$73,156	$35.17
5	Philadelphia, PA	$73,145	$35.17
6	Washington, DC	$71,962	$34.60
7	Trenton, NJ	$68,526	$32.95
8	Seattle, WA	$66,722	$32.08
9	Englewood, CO	$65,496	$31.49
10	Raleigh, NC	$65,347	$31.42
11	Chicago, IL	$64,999	$31.25
12	Lansing, MI	$64,187	$30.86
13	Richmond, VA	$63,605	$30.58
14	San Antonio, TX	$62,731	$30.16
15	Phoenix, AZ	$62,442	$30.02
16	Portland, OR	$61,730	$29.68
17	Columbia, MD	$61,723	$29.67
18	Columbus, OH	$61,588	$29.61
19	Madison, WI	$59,249	$28.49
20	Overland Park, KS	$58,819	$28.28

Percentile	Annual salary	Monthly salary	Hourly rate
90th Percentile	$96,000	$8,000	$46
75th Percentile	$78,000	$6,500	$38
Average	$61,751	$5,146	$30
25th Percentile	$48,000	$4,000	$23
10th Percentile	$39,000	$3,250	$19

Job title	Annual salary	Monthly salary	Hourly rate	Job openings
Mortgage Consultant	$38,934	$3,245	$18.72	24,057
Loan Analyst	$37,857	$3,155	$18.20	24,756
Quality Control Auditor	$35,806	$2,984	$17.21	98,389
Mortgage Banker	$27,331	$2,278	$13.14	24,297
Closer	$29,291	$2,441	$14.08	7,560
Credit Officer	$129,478	$10,790	$62.25	60,323

Underwriter salary

Average underwriter salary

$61,751

Average Underwriter Salary

How Much Does an Underwriter Make?

Where Can an Underwriter Earn More?

Conclusion

Where can an Underwriter earn more?

Underwriter salaries by experience level