$48,795
Avg. Salary
$20.39
Avg. Hourly Rate

Average additional compensation:

$3,000

Bonus

$1,965

Profit Sharing

$4,000

Commission

What am I worth?
How should I pay?

The average pay for a Loan Underwriter, Consumer is $20.39 per hour.

The average pay for a Loan Underwriter, Consumer is $48,795 per year.

10%
$16.04
10%
$20.39
50%
$27.30
90%
90%
MEDIAN $20.39
10%
$38k
10%
$49k
50%
$61k
90%
90%
MEDIAN $48,795
$38,099 - $61,479
$38K
$49K
$61K
MEDIAN: $48,795
10%
50%
90%

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$16.04 - $27.30
$16
$20
$27
MEDIAN: $20.39
10%
50%
90%

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$0$62K
Salary $38,099 - $61,479
Bonus $1,017 - $8,298
Profit Sharing $577 - $3,878
Commission $4,000
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).
)
$35,829 - $62,583
  • Country: United States
  • Currency: USD
  • Updated: 20 Apr 2019
  • Individuals Reporting: 220
Hourly Data $0$41
Hourly Rate $16.04 - $27.30
Overtime $23.77 - $41.97
Annual Data $0$62K
Bonus $1,017 - $8,298
Commission $4,000
Profit Sharing $577 - $3,878
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).
)
$35,829 - $62,583
  • Country: United States
  • Currency: USD
  • Updated: 20 Apr 2019
  • Individuals Reporting: 161

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.

Loan Underwriter, Consumer Pay By Employer

$0$55K

$49,158

$40,873

$48,980

Common Career Paths for Loan Underwriter, Consumer


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Loan Underwriter, Consumer Job Listings

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.

Loan Underwriter, Consumer Reviews

Q: What is it like working as a Loan Underwriter, Consumer?

Loan Underwriter, Consumer in Aurora:
"Peaceful work place."
Pros: working from home
Cons: nothing

Loan Underwriter, Consumer in Deptford:
"Deptford nj."
Pros: Shopping. Dining. Convenience to home. Close to Phila and NYC. Walkability. Cost of living.
Cons: Limited job opportunitues. Small town.

Loan Underwriter, Consumer in Portland:
"Mortgage Underwriter."
Pros: The people, reviewing loan files, making decisions, investigating.
Cons: Lack of work.

Related Job Salaries

Key Stats for Loan Underwriter, Consumer

Gender

Female
58 %
Male
42 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 93 votes.
Less than 1 year
4%
1-4 years
43%
5-9 years
21%
10-19 years
20%
20 years or more
11%

Experience Affects Loan Underwriter, Consumer Salaries

▲9%

▲4%

National Average
$48,000

▼1%

▼4%

Skills That Affect Loan Underwriter, Consumer Salaries


National Average
$48,000

Mortgage Loans
▼3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 93 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
4%
1-4 years
43%
5-9 years
21%
10-19 years
20%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 77%
vision benefits
Vision: 70%
no benefits
None: 11%