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Mortgage Underwriter Average Salary in Jordan 2024

How much money does a person working as Mortgage Underwriter make in Jordan?


Average Monthly Salary
810 JOD
( 9,700 JOD yearly)

LOW
380
JOD
AVERAGE
810
JOD
HIGH
1,280
JOD
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Mortgage Underwriter in Jordan typically earns around 810 JOD. Salaries range from 380 JOD (lowest) to 1,280 JOD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Mortgage Underwriter salaries in Jordan vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Mortgage Underwriter Pay Scale and Salaries in Jordan

Median and salary distribution Jordan Mortgage Underwriter monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
760 JOD or more
10% of people earn
670 to 760 JOD
20% of people earn
470 JOD or less
65% of people earn
470 to 670 JOD
Minimum Salary
380 JOD
Median
770 JOD
Maximum
1,280 JOD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Mortgage Underwriter in Jordan range from 380 JOD (starting salary) to 1,280 JOD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 770 JOD, half of the professionals who work as Mortgage Underwriter in Jordan earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Mortgage Underwriter in Jordan earn less than 620 JOD, while 75% earn more. Similarly, the chart shows that 75% earn less than 880 JOD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Mortgage Underwriter in Jordan compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 470 JOD to 670 JOD. About 20% of salaries are below the 470 JOD mark, while 10% fall within the range of 670 JOD to 760 JOD. Only 5% of individuals have salaries exceeding 760 JOD.

Salary Comparison by Years of Experience / Mortgage Underwriter / Jordan

How do experience and age affect pay?

0 - 2 Years
440 JOD
2 - 5 Years+38%
600 JOD
5 - 10 Years+42%
860 JOD
10 - 15 Years+22%
1,050 JOD
15 - 20 Years+6%
1,110 JOD
20+ Years+9%
1,200 JOD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Jordan Mortgage Underwriter
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Mortgage Underwriter and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 440 JOD.

While someone with an experience level between two and five years is expected to earn 600 JOD, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 860 JOD, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 1,050 JOD, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 1,110 JOD, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 1,200 JOD, 9% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Mortgage Underwriter / Jordan

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Mortgage Underwriter.

Bachelor's Degree
600 JOD
Master's Degree+83%
1,110 JOD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Jordan Mortgage Underwriter
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Mortgage Underwriter in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 600 JOD.


Level 2: Master's Degree

At this level, the average salary becomes 1,110 JOD, 83% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Jordan costs anywhere from 8,090 JOD to 24,300 JOD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Mortgage Underwriter / Jordan

Salary comparison by gender Jordan Mortgage Underwriter monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Mortgage Underwriter in Jordan, the average difference between the salary of male and female employees is 14%.

Male
870 JOD
Female-12%
760 JOD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Jordan for all Careers

Salary comparison by gender monthly Jordan
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Average Annual Salary Increment Percentage / Mortgage Underwriter / Jordan

How much are annual salary increments in Jordan for individuals working as Mortgage Underwriter? How often do employees get salary raises?

Individuals working as Mortgage Underwriter in Jordan are likely to observe a salary increase of approximately 10% every 18 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Jordan Mortgage Underwriter
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Jordan / All Professions

Annual Salary Increment Rate Jordan
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Jordan is 4%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Mortgage Underwriter / Jordan

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Jordan Mortgage Underwriter
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47% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
53%
No Bonus
47%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Mortgage Underwriter / Jordan


5 JOD per hour

The average hourly wage (pay per hour) for individuals working as Mortgage Underwriter in Jordan is 5 JOD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Mortgage Underwriter in Jordan is 2 JOD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst2,500 JOD+210%
Assistant Bank Branch Manager2,270 JOD+180%
Assistant Bank Manager2,840 JOD+250%
ATM Manager2,420 JOD+200%
ATM Service Technician670 JOD-17%
Bank Accounts Analyst980 JOD+21%
Bank Accounts Collector590 JOD-27%
Bank Accounts Controller1,190 JOD+47%
Bank Accounts Executive1,780 JOD+120%
Bank Accounts Manager2,080 JOD+160%
Bank Auditing Manager2,190 JOD+170%
Bank Branch Manager3,070 JOD+280%
Bank Branch Operations Coordinator1,270 JOD+57%
Bank Clerk570 JOD-29%
Bank Client Service Associate780 JOD-3%
Bank Collector590 JOD-27%
Bank Compliance Specialist1,570 JOD+94%
Bank Manager3,400 JOD+320%
Bank Operational Risk Manager3,470 JOD+330%
Bank Operations Head3,410 JOD+320%
Bank Operations Officer1,330 JOD+65%
Bank Operations Specialist2,140 JOD+160%
Bank Process Manager2,060 JOD+150%
Bank Product Manager 2,190 JOD+170%
Bank Programme Manager2,480 JOD+210%
Bank Project Manager2,750 JOD+240%
Bank Propositions Manager2,510 JOD+210%
Bank Quantitative Analyst1,700 JOD+110%
Bank Regional Manager3,530 JOD+340%
Bank Regional Risk Officer1,860 JOD+130%
Bank Relationship Manager2,610 JOD+220%
Bank Relationship Officer1,200 JOD+49%
Bank Sustainability Analyst2,030 JOD+150%
Bank Teller610 JOD-25%
Banker1,290 JOD+60%
Banking Business Analyst1,860 JOD+130%
Banking Business Development Officer1,100 JOD+36%
Banking Business Planning Executive2,730 JOD+240%
Banking Data Analyst2,100 JOD+160%
Banking Product Manager2,270 JOD+180%
Banking Reference Data Manager1,970 JOD+140%
Banking Regulatory Compliance Officer2,170 JOD+170%
Banking Risk Analyst1,750 JOD+120%
Banking Technical Analyst1,000 JOD+24%
Bankruptcy Coordinator1,290 JOD+60%
Bill and Account Collector660 JOD-18%
Blockchain Analyst1,640 JOD+100%
Blockchain Architect1,740 JOD+120%
Blockchain Auditor1,560 JOD+93%
Blockchain Compliance Analyst1,620 JOD+100%
Blockchain Consultant1,720 JOD+110%
Blockchain Trade Facilitator1,560 JOD+93%
Budget Analyst1,890 JOD+130%
Capital Risk Manager3,390 JOD+320%
Cards Marketing Manager2,310 JOD+190%
Cash Management Manager3,110 JOD+280%
Check Processing Manager2,320 JOD+190%
Chief Blockchain Officer2,110 JOD+160%
Commercial Vault Associate1,860 JOD+130%
Corporate Banker1,280 JOD+58%
Corporate Dealer1,840 JOD+130%
Credit Analyst1,430 JOD+77%
Credit and Collections Manager2,510 JOD+210%
Credit Card Fraud Investigator1,940 JOD+140%
Credit Portfolio Manager3,510 JOD+330%
Credit Risk Analyst2,010 JOD+150%
Credit Risk Associate1,870 JOD+130%
Cryptocurrency Accountant1,140 JOD+41%
Cryptocurrency Adviser2,240 JOD+180%
Cryptocurrency Analyst1,690 JOD+110%
Cryptocurrency Compliance Manager2,120 JOD+160%
Cryptocurrency Trader1,920 JOD+140%
Digital Banking Manager2,370 JOD+190%
Digital Currency Analyst1,810 JOD+120%
Direct Bank Sales Representative1,340 JOD+66%
Exchange Control Consultant2,030 JOD+150%
Executive Account Analyst1,890 JOD+130%
Financial Bank Planning Consultant2,360 JOD+190%
Financial Banking Analysis Manager2,830 JOD+250%
Financial Banking Assistant840 JOD+4%
Financial Banking Systems Manager2,420 JOD+200%
Foreign Exchange Manager2,610 JOD+220%
Fraud Analyst2,020 JOD+150%
Fraud Detection Associate1,310 JOD+62%
Fraud Detection Manager2,840 JOD+250%
Fraud Detection Supervisor1,590 JOD+97%
Internal Bank Audit Manager3,380 JOD+320%
Internal Bank Auditor1,810 JOD+120%
Internal Private Banker1,300 JOD+61%
International Banking Manager3,860 JOD+380%
Investment Banking Analyst2,730 JOD+240%
Loan Analyst1,760 JOD+120%
Loan Area Manager2,140 JOD+160%
Loan Audit Team Leader2,010 JOD+150%
Loan Branch Manager2,010 JOD+150%
Loan Business Development Officer1,090 JOD+35%
Loan Clerk640 JOD-21%
Loan Collection and Recovery Manager2,220 JOD+170%
Loan Collection Manager2,200 JOD+170%
Loan Collector610 JOD-25%
Loan Examiner820 JOD+1%
Loan Officer730 JOD-10%
Loan Processing Manager2,040 JOD+150%
Loan Processor860 JOD+6%
Loan Quality Assurance Auditor1,770 JOD+120%
Loan Quality Assurance Manager1,980 JOD+150%
Loan Quality Assurance Representative1,340 JOD+66%
Loan Review Manager2,030 JOD+150%
Loan Team Leader1,830 JOD+130%
Loans Manager2,460 JOD+200%
Mortgage Advisor1,270 JOD+57%
Mortgage Collection Manager2,170 JOD+170%
Mortgage Collector610 JOD-25%
Mortgage Credit Analyst1,000 JOD+24%
Mortgage Credit Manager2,120 JOD+160%
Mortgage Development Manager2,450 JOD+200%
Mortgage Document Reviewer760 JOD-6%
Mortgage Funding Manager2,280 JOD+180%
Mortgage Operations Manager3,190 JOD+290%
Mortgage Payment Processing Clerk710 JOD-12%
Mortgage Processing Manager2,040 JOD+150%
Mortgage Processor810 JOD+0%
Mortgage Quality Assurance Auditor1,860 JOD+130%
Mortgage Quality Assurance Manager2,140 JOD+160%
Mortgage Servicing Clerk630 JOD-22%
Mortgage Servicing Manager2,020 JOD+150%
Mortgage Underwriter810 JOD+0%
Online Banking Manager3,310 JOD+310%
Open Banking Strategist1,910 JOD+140%
Payment Processing Clerk680 JOD-16%
Personal Banker1,380 JOD+71%
Personal Banking Advisor 1,390 JOD+72%
Phone Banker890 JOD+10%
Private Banker1,270 JOD+57%
Reconciliation and Investigation Specialist1,560 JOD+93%
Tax Officer1,100 JOD+36%
Teller620 JOD-23%
Trade Officer760 JOD-6%
Trade Product Manager2,200 JOD+170%
Trader930 JOD+15%
Treasury Operations Officer1,560 JOD+93%
Wealth Management Advisor2,560 JOD+220%

Salary Comparison By City

CityAverage Salary
Amman810 JOD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Jordan is 8% on average across all career fields.

Private Sector
1,550 JOD
Public Sector+8%
1,670 JOD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Mortgage Underwriter in Jordan?

A good and competitive compensation would range anywhere between 770 JOD and 880 JOD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Mortgage Underwriter in Jordan ranges from 380 JOD to 620 JOD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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