As of March 01, 2025, the average annual salary for a Mortgage Underwriting Manager in Tennessee, IL is $102,471. According to Salary.com, salaries can range from a low of $70,570 to a high of $137,279, with most professionals earning between $85,773 and $120,691.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $126,246 | $10,520 | $2,428 | $61 |
| Average | $107,188 | $8,932 | $2,061 | $52 |
| 25th Percentile | $89,721 | $7,477 | $1,725 | $43 |
An entry-level Mortgage Underwriting Manager with under 1 year experience makes about $95,220. With less than 2 years of experience, a mid-level Mortgage Underwriting Manager makes around $95,960. After 2-4 years, the Mortgage Underwriting Manager pay rises to about $97,687. Those senior Mortgage Underwriting Manager with 5-8 years of experience earn roughly $99,661, and those Mortgage Underwriting Manager having 8 years or more experience are expected to earn about $103,270 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriting Manager | $95,220 |
| Intermediate Level Mortgage Underwriting Manager | $95,960 |
| Senior Level Mortgage Underwriting Manager | $97,687 |
| Specialist Level Mortgage Underwriting Manager | $99,661 |
| Expert Level Mortgage Underwriting Manager | $103,270 |
| Entry Level | 11% |
| Mid Level | 10% |
| Senior Level | 9% |
| Top Level | 7% |
| Experienced | 4% |
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Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Mortgage Banking: Mortgage banking generally involves loan originations as well as purchases and sales of loans through the secondary mortgage market. A bank engaged in mortgage banking may retain or sell loans it originates or purchases from affiliates, brokers, or correspondents.
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| Skill | Salary | Demand |
|---|---|---|
|
Loan Underwriting
|
$114,768 |
12%
|
|
Loss Mitigation
|
$111,694 |
9%
|
|
Team Management
|
$111,694 |
9%
|
|
Planning
|
$109,644 |
7%
|
|
PowerPoint
|
$109,644 |
7%
|
|
Credit Risk
|
$108,620 |
6%
|
