[FunYouMan]

Hi All,

Im opening my own shop and im curious how much an experienced UW is paid nowaday's.

I thought about just training someone but im more interested in someone that knows what theyre doing.

Any advice would be helpful.

TIA

[abfunders]

If you're opening your own funding shop, then I have relationships with 2 experienced underwriters who you can pay "per file" at the beginning (outsourced) and they are also willing to help you train future ones.

If you are opening your own brokerage, then you don't really need an UW.

[A+Paper]

It depends on your infrastructure and volume. If you want to get someone experienced from a well established funder, you'll definitely need to pay with a taste of the company to make it worthwhile.

[BB_Cooper]

Depending on how big you are jumping out of the gate, Micah's suggestion to work with a contract Underwriter may make more sense. Or maybe work with an outside contractor as you also train someone internally.

Feel free to PM, I'll be glad to refer you along some contract underwriters with dedicated MCA/Fintech experience.

Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com

[FinancialSwissArmyKnife]

If you're opening your own funding shop, then I have relationships with 2 experienced underwriters who you can pay "per file" at the beginning (outsourced) and they are also willing to help you train future ones.

If you are opening your own brokerage, then you don't really need an UW.

This guy is legit. Never have to worry about backdooring with Micah

[SantiFunder]

Average pay for an UW is 40-70k depending on experience and deal size. Some shops also pay per deal funded 15/50 per deal with a clawback if the deal defaults within the first 30 days.

[ryan $]

Average pay for an UW is 40-70k depending on experience and deal size. Some shops also pay per deal funded 15/50 per deal with a clawback if the deal defaults within the first 30 days.

Hmmmmm. I know underwriters whom make alot more than that.

[Ktolbert85]

Hmmmmm. I know underwriters whom make alot more than that.

I know quite a few that started out closer to the 70k mark. In addition to their salary they also get RTR on their portfolio.

[rhum2016]

https://www.linkedin.com/salary/unde...area-at-ondeck
https://www.payscale.com/research/US...Banking/Salary
https://www.linkedin.com/salary/seni...at-bfs-capital
https://www.indeed.com/jobs?q=Underw...9c2bf0dabb91d9

[Gables Capital Group]

If you're opening your own funding shop, then I have relationships with 2 experienced underwriters who you can pay "per file" at the beginning (outsourced) and they are also willing to help you train future ones.

If you are opening your own brokerage, then you don't really need an UW.

Definitely can't see how using two outside UW's sent via a random funder/broker on DF could work out badly...

[Nunya]

Definitely can't see how using two outside UW's sent via a random funder/broker on DF could work out badly...

Yeah, what could go wrong?

[nationwidefunder]

Definitely can't see how using two outside UW's sent via a random funder/broker on DF could work out badly...

[A+Paper]

Average pay for an UW is 40-70k depending on experience and deal size. Some shops also pay per deal funded 15/50 per deal with a clawback if the deal defaults within the first 30 days.

That's laughably low.

[tonymotts]

Agreed

[SantiFunder]

That's laughably low.

Miami market, that's accurate.

[A+Paper]

Miami market, that's accurate.

I didn't realize "quality" had a different definition in Florida.

[SantiFunder]

I didn't realize "quality" had a different definition in Florida.

lol ignorance is bliss

[ryan $]

lol ignorance is bliss

How can you live in Miami on 40k a year?

Must commute.

36k a Year..... was just rent on a 2 BR in Sunny Isles.

[harvey]

^^^ and thats before you go to 11 twice a week

[ryan $]

^^^ and thats before you go to 11 twice a week

Nevermind Cheetahs and Scarlets and the little known Gem Dean's Gold.

[A+Paper]

lol ignorance is bliss

Starving employees is always excellent business practice.

[SantiFunder]

Starving employees is always excellent business practice.

I don't know how they survive but that's what I have seen..... sucks for them. Greedy I guess.....

[ryan $]

Have to live in ****ing Overtown or somewhere ****ty

[SantiFunder]

Have to live in ****ing Overtown or somewhere ****ty

LMFAO or Homestead

[abfunders]

Definitely can't see how using two outside UW's sent via a random funder/broker on DF could work out badly...

Gables, first of all, I'm not so "random," people know me well enough already over here I think.

Secondly, do your own due diligence! I'm not making any money off of it, they have their own resume and history. One UW worked for CAN, one for Everest, they'll tell you what their loss of capital was..... Or go with what Robert's recommendations, he's definitely more reliable as a

One of those UW's was referred to me by someone who was hired by a funder to shore up operations, after he did the same for Rapid and Knight, as a contractor.