Explore More Salaries
Browse our database for salaries in other careers or locations.
Underwriter Mortgage Loan Salary in Woodbury, TN
How much does an Underwriter Mortgage Loan make in Woodbury, TN?
$78,102 (USD)/year
Average Bonus
$2,944 (USD)
per Year
Total Compensation
$80,055.45
Entry Level
$55,698
Median
$77,111
Senior Level
$88,924
As of July, 23, 2026, the average underwriter mortgage loan gross salary in Woodbury, Tennessee is $78,102 or an equivalent hourly rate of $38. In addition, underwriter mortgage loans earn an average bonus of $2,944. An entry level underwriter mortgage loan with 1-3 years of experience earns an average salary of $55,698. At the higher end of the pay range, an senior level underwriter mortgage loan with 8+ years of experience earns an average salary of $88,924. Salary estimates are based on salary survey data collected directly from employers in Woodbury, Tennessee.
Data powered by ERI
Salary Potential for an Underwriter Mortgage Loan
Explore the estimated salary growth for an Underwriter Mortgage Loan in Woodbury, TN for up to 5 years. The estimated salary of an Underwriter Mortgage Loan will be $80,117 in 1 year and $88,712 in 5 years.
View Salary by Year
Estimated Salary
$82,185
Average Growth
5.2 %
The estimated salary for an Underwriter Mortgage Loan in 2 years is $82,185, which is 5.2 % average growth. This information is based on ERI's compensation database.
Typical Underwriter Mortgage Loan Education
This chart displays the highest level of education for Underwriter Mortgage Loans.
- 0% of Underwriter Mortgage Loans have less than a High School Diploma
- 17% of Underwriter Mortgage Loans have a High School Diploma
- 15% of Underwriter Mortgage Loans have an Associate's Degree
- 52% of Underwriter Mortgage Loans have a Bachelor's Degree
- 16% of Underwriter Mortgage Loans have a Master's Degree
- 0% of Underwriter Mortgage Loans have a Doctorate Degree
The typical field of study for an Underwriter Mortgage Loan is Finance.
See how education can impact your salaryPopular Skills for an Underwriter Mortgage Loan
Examines information
100%
Gives approval
100%
These are the most popular skills for Underwriter Mortgage Loans. About 100% of Underwriter Mortgage Loans have a skill in Examines information.
See how skills can impact your salaryAre you getting paid what you're worth?
Discover your true earning potential. Get a personalized salary report and negotiate pay with confidence.
Where can an Underwriter Mortgage Loan earn more?
Discover where an Underwriter Mortgage Loan earns the most and choose a location that maximizes your career potential.
Underwriter Mortgage Loan Salaries in Other Locations
Salaries for Similar Job Titles in Woodbury, TN
Underwriter Mortgage Loan Jobs
View moreCost of Living in Woodbury, TN
The cost of living in Woodbury, TN is 10% lower than the national average.
10% lower
than the national average
Whether you're planning to move or just want to see the cost of living in different locations, our cost-of-living calculator is the place to start. Compare salaries for other locations by city, U.S. ZIP code, state, or country.
Explore Cost-of-Living Calculator
Frequently Asked Questions
What does an Underwriter Mortgage Loan do?
Gives approval or denial for mortgage loans, following mortgage standards. Checks and examines information on mortgage loan documents to determine if buyer, property, and loan conditions meet establishment and government standards.
How much does an Underwriter Mortgage Loan make in Woodbury, TN?
The average salary for an Underwriter Mortgage Loan is $78,102 per year or $37.55 per hour in Woodbury, TN. Top earners have reported making up to $88,924. However, the typical pay range in Woodbury, TN is between $55,698 and $88,924 annually.
What is the salary trajectory for an Underwriter Mortgage Loan?
Underwriter Mortgage Loan is projected to see a 13.6 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Underwriter Mortgage Loan salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
For Employers
See How Employers Price Underwriter Mortgage Loan
Explore how ERI's compensation data and analytics can help you benchmark salaries with ease and build competitive offers to maximize every pay decision.
Get Started