How much does a Mortgage Underwriter I make in Virginia? The average Mortgage Underwriter I salary in Virginia is $60,100 as of April 24, 2024, but the range typically falls between $52,142 and $70,602. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Mortgage Underwriter I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Underwriter I Salary $44,896 VA April 24, 2024
25th Percentile Mortgage Underwriter I Salary $52,142 VA April 24, 2024
50th Percentile Mortgage Underwriter I Salary $60,100 VA April 24, 2024
75th Percentile Mortgage Underwriter I Salary $70,602 VA April 24, 2024
90th Percentile Mortgage Underwriter I Salary $80,163 VA April 24, 2024
25% $52,142 10% $44,896 90% $80,163 75% $70,602 $60,100 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage Underwriter I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Tax Return: Calculating an entity’s income earned with the amount of tax payable to the government, organizations, or potential taxpayers.

3.

Mortgage Products: Mortgage Products means residential real estate secured loan products as from time to time offered by Bank.

Analysis 4.9%
Tax Return 1.73%
Mortgage Products 0.96%
Others 92.41%

Job Description for Mortgage Underwriter I

Mortgage Underwriter I underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Monitors property appraisal process. Being a Mortgage Underwriter I assesses risks to determine approval status. May require a bachelor's degree. Additionally, Mortgage Underwriter I typically reports to a supervisor or manager. The Mortgage Underwriter I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Mortgage Underwriter I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Mortgage Underwriter I in Virginia
  • NVR has been helping families build their happily ever after since 1948. As a Top 5 US homebuilder, we're committed to quality and to our customers and we ...
    - 1 Day Ago
  • Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, wi...
    - 5 Days Ago
  • Job Responsibilities. Underwrite Conventional, VA, and FHA loans. Review submitted loan approval conditions and disposition as appropriate. Underwrite 1 to...
    - 5 Days Ago
  • United Wholesale Mortgage (UWM) is America’s #1 mortgage lender and we’re looking to fill an immediate need for underwriters. When you join UWM as an under...
    - 9 Months Ago
  • Start something good. Empower your career. Become an employee-owner at Cenlar. Employee owners have made Cenlar the nation’s leading mortgage loan subservi...
    - 4 Days Ago

Select a city to view specific salary and bonus information for Mortgage Underwriter I

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Location Avg. Salary Date Updated
Location Annandale, VA Avg. Salary $66,692 Date Updated April 24, 2024
Location Virginia State University, VA Avg. Salary $58,123 Date Updated April 24, 2024
Location Abingdon, VA Avg. Salary $52,311 Date Updated April 24, 2024
Location Accomac, VA Avg. Salary $56,625 Date Updated April 24, 2024
Location Achilles, VA Avg. Salary $56,625 Date Updated April 24, 2024
Location Afton, VA Avg. Salary $54,588 Date Updated April 24, 2024
Location Alberta, VA Avg. Salary $57,763 Date Updated April 24, 2024
Location Aldie, VA Avg. Salary $66,392 Date Updated April 24, 2024
Location Alexandria, VA Avg. Salary $66,692 Date Updated April 24, 2024
Location Altavista, VA Avg. Salary $54,767 Date Updated April 24, 2024

Career Path for Mortgage Underwriter I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Mortgage Underwriter I, the upper level is Mortgage Underwriter II and then progresses to Mortgage Underwriter IV.

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Mortgage Underwriter I Salary in Virginia
Mortgage Underwriter I Salary Graph, Regional Distribution and Summary