As of April 01, 2025, the average annual salary for an Entry Mortgage Underwriter in the United States is $61,600. According to Salary.com, salaries can range from a low of $50,137 to a high of $69,815, with most professionals earning between $55,600 and $65,900.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $65,900 | $5,492 | $1,267 | $32 |
| Average | $61,600 | $5,133 | $1,185 | $30 |
| 25th Percentile | $55,600 | $4,633 | $1,069 | $27 |
An entry-level Entry Mortgage Underwriter with less than 1 year of experience earns about $61,152. With 1-2 years of experience, the average salary increases to $61,728. For 2-4 years of experience, the pay typically rises to $62,691. Senior-level professionals with 5-8 years of experience earn around $62,884, and those with over 8 years of experience can expect an average of $63,012.
| Levels | Salary |
|---|---|
| Entry Level Entry Mortgage Underwriter | $61,152 |
| Intermediate Level Entry Mortgage Underwriter | $61,728 |
| Senior Level Entry Mortgage Underwriter | $62,691 |
| Specialist Level Entry Mortgage Underwriter | $62,884 |
| Expert Level Entry Mortgage Underwriter | $63,012 |
| Entry Level | 1% |
| Mid Level | 0% |
| Senior Level | 2% |
| Top Level | 2% |
| Experienced | 2% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Entry Mortgage Underwriter compensation over the past six years. For example, the median salary increased from $59,923 in 2023 to approximately $59,474 in 2024. (For a detailed analysis of Entry Mortgage Underwriter salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Entry Mortgage Underwriter information for you to search for. Click on search button below to see Entry Mortgage Underwriter job openings or enter a new job title here.
Here are companies hiring for Entry Mortgage Underwriter and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $61,600 | 71.0% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $4,712 | 5.4% | ||
| 401K/403B | $2,895 | 3.3% | ||
| Disability | $493 | 0.6% | ||
| Healthcare | $6,056 | 7.0% | ||
| Pension | $3,388 | 3.9% | ||
| Time Off | $7,582 | 8.7% | ||
| Total Compensation | $86,726 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 32.7% |
| Associates | 8.9% |
| Bachelors | 49.5% |
| Masters | 8.9% |
What Am I Worth?
The average salary for an Entry Mortgage Underwriter ranges from $53,000 to $71,700, with a midpoint of $61,000. States like California and Pennsylvania typically offer higher salaries for underwriters, with California averaging around $34 per hour and Pennsylvania about $31.48 per hour, reflecting the demand for skilled professionals in these regions.
Yes, mortgage underwriters are in demand. The U.S. Bureau of Labor Statistics (BLS) projects a 4% growth in employment for mortgage underwriters from 2021 to 2031, aligning with the average for all occupations. As demand increases, salaries are expected to rise modestly, with entry-level positions starting around $53,000, reaching up to $71,700 for experienced underwriters.
Yes, as an Entry Mortgage Underwriter, you can work from home or a remote office. In this role, you will evaluate the risk of clients who have applied for loans. The salary for this position typically ranges from $53,000 to $71,700, with a midpoint of $61,000, reflecting the responsibilities and expertise required.
To become a mortgage underwriter, you typically need a bachelor's degree in accounting, finance, or a related field. Pursuing a Master of Business Administration can enhance your underwriting skills and prepare you for advancement to senior underwriter roles. Entry-level mortgage underwriters can expect salaries ranging from $53,000 to $71,700, with a median salary of $61,000.
The workforce of Insurance underwriters in 2022 was 122,018, with 62.4% women and 37.6% men. The average age of male underwriters is 40.8, while female underwriters average 44.9. Entry Mortgage Underwriters typically earn between $53,000 and $71,700, with a median salary of $61,000. The most common race/ethnicity among underwriters is White.
Junior Mortgage Underwriters typically earn between $53,000 and $71,700 annually, with a median salary around $61,000. Salaries can vary based on experience, location, and specific employer, but this range provides a solid benchmark for entry-level positions in the field.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
