MCA Inquiry
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  1. #1

    MCA Inquiry

    Hi guys, What is the starting (on average) MCA underwriter salary. And what is the experienced underwriter salary?
    Slate Advance | Isaac Wise | isaac@slateadvance.com |

  2. #2
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    I Imagine in 2022, new underwriters pay is equivalent or less than 1K a week

    An experienced underwriter rate is based on the shops circumstance and the underwriters experience in shops targeted audience. Ranges from 1K-5K weekly. This may be a mixture of incentives. If you’re a freelance underwriter like me you’ll charge per file and incentives based on the shop. But those fees are based on said underwriters knowledge, like I would charge specific rate per file if said shop wants a 10% default rate

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    Senior Member Reputation points: 43038 SendDocsPlox's Avatar
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    Quote Originally Posted by iwise View Post
    Hi guys, What is the starting (on average) MCA underwriter salary. And what is the experienced underwriter salary?
    Somewhere in the park of 50-60K with no training, an actual good underwriter should be making 90K+ with additional benefits like syndication

    Problem is that most underwriters as an industrywide standard are overpaid and bad at their jobs

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    Senior Member Reputation points: 122242 BR-Nightmare's Avatar
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    Quote Originally Posted by SendDocsPlox View Post
    Somewhere in the park of 50-60K with no training, an actual good underwriter should be making 90K+ with additional benefits like syndication

    Problem is that most underwriters as an industrywide standard are overpaid and bad at their jobs
    Same can be said about some reps at broker shops.

    Just sayin'
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
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    Senior Member Reputation points: 43038 SendDocsPlox's Avatar
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    Quote Originally Posted by BR-Nightmare View Post
    Same can be said about some reps at broker shops.

    Just sayin'
    99% of Reps at ISOs are pikers, I agree completely

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