Loan Underwriter Mortgage salary in New Zealand

Average Yearly Salary of Loan Underwriter Mortgage in New Zealand is approximately 130,962 NZD (65,428 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?

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.

Skills: Loan underwriter, Mortgage underwriting, Credit analysis, Risk assessment, Financial evaluation, Loan approval process
Job industry: Finance

How much does Loan Underwriter Mortgage make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

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 144,058 NZD and 189,895 NZD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Loan Underwriter Mortgage in New Zealand?

Living in New Zealand the approximate monthly expenses are: 1,938 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: 130,962 NZD
Estimated Monthly Salary: 10,914 NZD
Estimated Weekly Salary: 2,519 NZD per week
Estimated Hourly Salary: 63 NZD per hour
By working as Loan Underwriter Mortgage a person can save up to 3,514 USD per month or 42,167 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 New Zealand, see costs of living in New Zealand.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Australia, Fiji, New Caledonia, Tonga, Samoa.
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

Last revision of data: 2025-01-04

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 +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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