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Average Salaries for

This estimated salary is an approximation based on compensation data points gathered from similar job postings or existing salaries for the same or similar job title within the same market. Average salary insights are based on aggregate data and are not specific to any individual job posting.

Underwriter

National Average
$55,000
VA Average
$45,000

Recent Jobs Posted

Underwriter/Compliance Review
Aerotek | Richmond City, VA 3 weeks ago

Sr Commercial Real Estate Underwriter
National Cooperative Bank, N.A. | Arlington, VA 2 weeks ago

Mortgage Underwriter
Aerotek | Herndon, VA 4 weeks ago

Underwriter II
DentaQuest | Vienna, VA 4 weeks ago

View All Jobs

Underwriter

An underwriter analyzes loan-related risks for a financial institution.

A typical day in the life of an underwriter might include:

  • Seeking out loan clients, analyzing risk and profitability, and assessing liability
  • Approving loans and presenting decisions to executives
  • Maintaining an understanding of institutional policies and industry-wide financial regulations.

Average Salaries for

This estimated salary is an approximation based on compensation data points gathered from similar job postings or existing salaries for the same or similar job title within the same market. Average salary insights are based on aggregate data and are not specific to any individual job posting.

Underwriter

National Average
$55,000
VA Average
$45,000

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Recent Jobs Posted

Underwriter/Compliance Review
Aerotek | Richmond City, VA 3 weeks ago

Sr Commercial Real Estate Underwriter
National Cooperative Bank, N.A. | Arlington, VA 2 weeks ago

Mortgage Underwriter
Aerotek | Herndon, VA 4 weeks ago

Underwriter II
DentaQuest | Vienna, VA 4 weeks ago

View All Jobs

Top Pay by Location

These cities have the highest paying median for Underwriter
Northbrook, IL
$76,000
Arlington Heights, IL
$76,000
Schaumburg, IL
$76,000
Scottsdale, AZ
$70,000
New York, NY
$65,000
Chicago, IL
$60,000
Dallas, TX
$60,000
Charlotte, NC
$57,000
Salary information is calculated from job seeker profiles and job postings. Both hourly and yearly wages could be reported.

A typical day in the life of an underwriter might include:

  • Seeking out loan clients, analyzing risk and profitability, and assessing liability
  • Approving loans and presenting decisions to executives
  • Maintaining an understanding of institutional policies and industry-wide financial regulations.

Insider Tips

The typical average pay for underwriters is $55,000 per year. Professionals who have prior experience with underwriting and advanced understanding of credit, loans, and federal regulations can generally qualify for higher paying positions in this field. Underwriters with strong skills in financial analysis, data analysis, risk management, and insurance can also advance in this industry. Most underwriters continue to earn progressively higher salaries as they gain experience, and some move on to more specialized positions as underwriting supervisors or account managers, as they advance.