Home > Salary > Colombia > Loan Underwriter Mortgage
A loan underwriter for mortgages is responsible for evaluating and analyzing loan applications to determine the creditworthiness of borrowers. They review financial documents, such as income statements, tax returns, and credit reports, to assess the borrower's ability to repay the loan. The underwriter also examines property appraisals and title reports to ensure the collateral's value and legal status. They follow established guidelines and policies to make informed decisions on loan approvals or rejections, considering factors like debt-to-income ratios, employment history, and overall risk assessment. Accuracy, attention to detail, and strong analytical skills are crucial in this role. Effective communication with loan officers, borrowers, and other stakeholders is essential to clarify any discrepancies or request additional information. Overall, a mortgage loan underwriter plays a vital role in the loan approval process, ensuring that loans are granted to qualified individuals while minimizing risk for the lending institution.
Estimated Yearly Salary: 39,833,707 COP
Estimated Monthly Salary: 3,319,476 COP
Estimated Weekly Salary: 766,033 COP per week
Estimated Hourly Salary: 19,151 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,202,350 COP
Estimated Weekly Salary: 739,004 COP per week
Estimated Hourly Salary: 18,475 COP per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 8,803 USD
Estimated Monthly Salary: 734 USD
Estimated Weekly Salary: 169 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 39,833,707 COP
Estimated Monthly Salary: 3,319,476 COP
Estimated Weekly Salary: 766,033 COP per week
Estimated Hourly Salary: 19,151 COP per hour
By working as Loan Underwriter Mortgage a person can save up to 473 USD per month or 5,678 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Colombia, see costs of living in Colombia.
Estimated Yearly Salary for Loan Underwriter Mortgage
Last revision of data: 2025-01-04
Data as of 2025
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Loan Underwriter Mortgage salary in Colombia
Average Yearly Salary of Loan Underwriter Mortgage in Colombia is approximately 39,833,707 COP (8,803 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Loan Underwriter Mortgage do?

Skills: Loan underwriter, Mortgage underwriting, Credit analysis, Risk assessment, Financial evaluation, Loan approval process
Job industry: Finance
Job industry: Finance
How much does Loan Underwriter Mortgage make?
Salary details
How much does Loan Underwriter Mortgage make?Estimated Yearly Salary: 39,833,707 COP
Estimated Monthly Salary: 3,319,476 COP
Estimated Weekly Salary: 766,033 COP per week
Estimated Hourly Salary: 19,151 COP per hour
Comparing salary to last year:
Estimated Yearly Salary: 38,428,195 COPEstimated Monthly Salary: 3,202,350 COP
Estimated Weekly Salary: 739,004 COP per week
Estimated Hourly Salary: 18,475 COP per hour
Loan Underwriter Mortgage estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 8,803 USD
Estimated Monthly Salary: 734 USD
Estimated Weekly Salary: 169 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
Colombia is a country located in South America. It has a population of approximately 50 million people and covers an area of about 1.1 million square kilometers. The country is known for its diverse landscapes, including the Andes Mountains, Amazon rainforest, and Caribbean coastline.
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Loan Underwriter Mortgage job salary compared to average salary in Colombia.
Comparison shows that a person working as Loan Underwriter Mortgage in Colombia earns on average:
1.48 times the average salary (or 148% of average salary).
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Loan Underwriter Mortgage job salary compared to average salary in Colombia.
Comparison shows that a person working as Loan Underwriter Mortgage in Colombia earns on average:
1.48 times the average salary (or 148% of average salary).
Is Loan Underwriter Mortgage a well paid job?
Yes, our data shows that Loan Underwriter Mortgage is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Loan Underwriter Mortgage?
High salary for Loan Underwriter Mortgage would be somewhere between 43,817,078 COP and 57,758,875 COP. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Underwriter Mortgage in Colombia?
Living in Colombia the approximate monthly expenses are: 260 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 39,833,707 COP
Estimated Monthly Salary: 3,319,476 COP
Estimated Weekly Salary: 766,033 COP per week
Estimated Hourly Salary: 19,151 COP per hour
By working as Loan Underwriter Mortgage a person can save up to 473 USD per month or 5,678 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Colombia, see costs of living in Colombia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Loan Underwriter Mortgage
Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
- 6 to 10 years of experience yields
- 11 to 15 years of experience yields
- 16 to 25 years of experience yields
- more than 25 years of experience yields
Top 10 highest salaries in Colombia
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2. Cardiologist
(254,459,006 COP per year, pre-tax.)
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(238,795,833 COP per year, pre-tax.)
5. Neurosurgeon
(238,525,529 COP per year, pre-tax.)
(233,656,491 COP per year, pre-tax.)
(233,604,285 COP per year, pre-tax.)
8. Oncologist
(233,538,023 COP per year, pre-tax.)
(232,715,450 COP per year, pre-tax.)
(232,262,612 COP per year, pre-tax.)
Random salary:
Occupational health nurse (40,950,899 COP per year, pre-tax.)
Facility administrator health care (44,511,719 COP per year, pre-tax.)
Order analyst (22,383,938 COP per year, pre-tax.)
Cargo and freight agent (13,099,670 COP per year, pre-tax.)
Park maintenance supervisor (16,432,203 COP per year, pre-tax.)
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