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Mortgage Underwriter in Red Bank, NJ

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 customersAssessing whether information on loan documents meets financial institution and/or government standardsApproving or declining loans within the institution’s credit policy guidelinesInteracting with mortgage lenders to develop alternatives or exceptions on marginal loans

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Salary for Mortgage Underwriter in Red Bank, NJ
73200 - 118200
25th percentile
73200
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
90300
The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.
75th percentile
118200
The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.
Projected salaries for related positions Position title 25th percentile 50th percentile 75th percentile Director of Operations – Financial Services 154800 189900 222900 Manager of Operations – Financial Services 105600 131100 156000 Client Service Representative 67200 97800 124800 Banking Operations Specialist 48900 73200 103200 Loan Processor 46200 55200 69600 Loan Administrator 39900 46200 55800 Mortgage Processor 38700 48600 65700 Trader/Sales Assistant 63000 77400 90300 Performance Analyst 69600 85500 104700 Explore More Salaries

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