Mortgage Underwriter in Indianapolis, IN

Mortgage Underwriter Job Description

Candidates for mortgage underwriter positions should possess strong communication, analytical, organizational and problem-solving abilities. Lending institutions generally seek mortgage underwriters who have at least two years of experience. Most require a bachelor’s degree.

Typical mortgage underwriter duties:

Evaluating creditworthiness of customers

Assessing whether information on loan documents meets financial institution and/or government standards

Approving or declining loans within the institution’s credit policy guidelines

Interacting with mortgage lenders to develop alternatives or exceptions on marginal loans

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Data Processing

Automated Underwriting System

Microsoft Excel

Spreadsheets

Microsoft Word

Underwriting

Loan Administration

Mortgage Banking

Loan Origination

Review

Salary for Mortgage Underwriter in Indianapolis, IN

57958 - 93605

25th percentile

57958

New to the role, with little or no experience; requires more than casual instruction or supervision to perform day-to-day duties

50th percentile

71538

Has the experience to consistently perform core responsibilities without direct supervision; very comfortable with processes and subject matter associated with the role

75th percentile

93605

Value to the organization goes far beyond the ability to perform normal job duties; has rare qualifications that enable consistent contribution in unique ways; ready for next career level when available

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Director of Operations – Financial Services

122220

149865

176055

Manager of Operations – Financial Services

85360

105973

126100

Banking Operations Specialist, 5+ Years' Experience

58685

71538

83420

Banking Operations Specialist, 3-5 Years' Experience

47288

57473

68385

Banking Operations Specialist, 1-3 Years' Experience

39043

48743

56745

Loan Processor

36133

43165

54563

Loan Administrator

31525

36375

43893

Mortgage Processor

30798

38558

52138

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