Loan Underwriter, Consumer Salary

A Loan Underwriter, Consumer earns an average salary of $48,236 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least.

$37,034 - $59,177
$37K
$48K
$59K
MEDIAN: $47,610
10%
50%
90%

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$15.93 - $27.13
$16
$20
$27
MEDIAN: $19.80
10%
50%
90%

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$0$61K
Salary $37,034 - $59,177
Bonus $1,184 - $10,045
Profit Sharing $2,100
Commission $2,700
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$34,830 - $61,280
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 101
Hourly Data $0$42
Hourly Rate $15.93 - $27.13
Overtime $23.27 - $42.09
Annual Data $0$61K
Bonus $1,184 - $10,045
Commission $2,700
Profit Sharing $2,100
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$34,830 - $61,280
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 90

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Loan Underwriter, Consumer

  • Underwrite, evaluate, and approve/deny loan applications in accordance to company lending practices and policies.
  • Monitor and implement changes within lending legislation and regulation to ensure company compliance.
  • Act as a resource for loan officers, providing guidance on loan and underwriting issues.
  • Cross sell additional loan opportunities, member benefits, and company products/services to members.
  • Advise members on application and credit issues, verifying accuracy of member profiles and resolving complaints.

Common Career Paths for Loan Underwriter, Consumer


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Loan Underwriter, Consumer Job Listings

Popular Employer Salaries for Loan Underwriter, Consumer

Pay by Experience Level for Loan Underwriter, Consumer

Pay by Experience for a Loan Underwriter, Consumer has a positive trend. An entry-level Loan Underwriter, Consumer with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 102 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Underwriter, Consumer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $47,000 based on 46 salaries. An experienced Loan Underwriter, Consumer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $50,000 based on 45 salaries. A Loan Underwriter, Consumer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $52,000 based on 18 salaries.

Related Job Salaries

Key Stats for Loan Underwriter, Consumer

Gender

Female
54 %
Male
46 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 43 votes.
Less than 1 year
4%
1-4 years
45%
5-9 years
17%
10-19 years
24%
20 years or more
10%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Underwriter, Consumer Salaries

▲13%

▲9%

▲4%

▼0%

National Average
$46,000

Skills That Affect Loan Underwriter, Consumer Salaries


Mortgage Loans
▲1%


National Average
$46,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 43 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
4%
1-4 years
45%
5-9 years
17%
10-19 years
24%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 79%
vision benefits
Vision: 75%
no benefits
None: 11%
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