Underwriter Salary in Toledo, Ohio

What is the highest and lowest pay for Underwriter?

As of January 01, 2025, the average annual salary for an Underwriter in Toledo, OH is $94,168. According to Salary.com, salaries can range from a low of $74,403 to a high of $121,122, with most professionals earning between $83,822 and $108,276.

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Salary range for an Underwriter

$83,822 to $108,276

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Underwriter

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Job Openings for Underwriter in Toledo, OH

What does an Underwriter do?

Common responsibilities of an Underwriter

Evaluates new business submissions, renewals, and policy change requests for their book of business resulting in underwriting decisions within their authority or recommendations for decisions exceeding their authority.

November 24, 2022

Assists the Quality Control Department and the Post-Closing Department in obtaining missing documentation needed in order to render a loan saleable in the secondary market.

December 31, 2022

Provides primary communication and direction for all processing requirements including policy issuance instruction, endorsement requests, billing requirements and audit review.

February 11, 2023

Demonstrates continual learning by attending industry seminars, webinars and other training programs.

February 22, 2023

Review and evaluate loan documents to ensure accuracy, completeness, and compliance with company standards, federal and agency standards and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.

March 12, 2023

Works closely with Account Managers, Lending Officers & Management to answer specific loan questions or verify condition and documentation request.

April 05, 2023

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Underwriter Salary By Experience Levels in Toledo, OH

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Underwriter Salary By Level of Education in Toledo, OH

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Underwriter in Toledo, OH

Average Base Salary

Core compensation

83822

108276

94168

Average Total Cash Compensation

Includes base and annual incentives

88339

118343

100635

What is the average salary for Underwriter in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter in Toledo, OH. The base salary for Underwriter ranges from $83,822 to $108,276 with the average base salary of $94,168. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $88,339 to $118,343 with the average total cash compensation of $100,635.

View Average Salary for Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$94,168	$83,822 - $108,276
Bonus	$6,467	$4,517 - $10,067
Total Pay	$100,635	$88,339 - $118,343

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Underwriter Salary Near Toledo, OH

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Toledo, OH
CITY, STATE Taylor, MI	AVERAGE SALARY RANGE $87,597 - $113,152	COMPARE TO Toledo, OH
CITY, STATE Ann Arbor, MI	AVERAGE SALARY RANGE $89,541 - $115,663	COMPARE TO Toledo, OH
CITY, STATE Canton, MI	AVERAGE SALARY RANGE $89,402 - $115,484	COMPARE TO Toledo, OH
CITY, STATE Westland, MI	AVERAGE SALARY RANGE $88,291 - $114,049	COMPARE TO Toledo, OH
CITY, STATE Dearborn, MI	AVERAGE SALARY RANGE $87,736 - $113,332	COMPARE TO Toledo, OH
CITY, STATE Dearborn Heights, MI	AVERAGE SALARY RANGE $87,689 - $113,271	COMPARE TO Toledo, OH

See salaries for Underwriter in locations close to Toledo, OH. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Toledo, Ohio

Toledo (/təˈliːdoʊ/) is a city in and the county seat of Lucas County, Ohio, United States. Toledo is in northwest Ohio, at the western end of Lake Erie bordering the state of Michigan. The city was founded in 1833 on the west bank of the Maumee River, and originally incorporated as part of Monroe County, Michigan Territory. It was re-founded in 1837, after conclusion of the Toledo War, when it was incorporated in Ohio. After the 1845 completion of the Miami and Erie Canal, Toledo grew quickly; it also benefited from its position on the railway line between New York City and Chicago. The first...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Underwriter I	LOCATION Toledo, OH	MINIMUM SALARY $53,827	MAXIMUM SALARY $68,394
JOB TITLE Underwriter II	LOCATION Toledo, OH	MINIMUM SALARY $64,391	MAXIMUM SALARY $83,000
JOB TITLE Underwriter III	LOCATION Toledo, OH	MINIMUM SALARY $82,907	MAXIMUM SALARY $107,032
JOB TITLE Underwriter IV	LOCATION Toledo, OH	MINIMUM SALARY $96,066	MAXIMUM SALARY $128,745
JOB TITLE Underwriter V	LOCATION Toledo, OH	MINIMUM SALARY $122,082	MAXIMUM SALARY $169,916
JOB TITLE Health Underwriter	LOCATION Toledo, OH	MINIMUM SALARY $59,103	MAXIMUM SALARY $71,548

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