How much does a Loan Underwriting Manager make in Illinois? The average Loan Underwriting Manager salary in Illinois is $149,896 as of February 26, 2024, but the range typically falls between $127,841 and $170,445. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Loan Underwriting Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Underwriting Manager Salary $107,762 IL February 26, 2024
25th Percentile Loan Underwriting Manager Salary $127,841 IL February 26, 2024
50th Percentile Loan Underwriting Manager Salary $149,896 IL February 26, 2024
75th Percentile Loan Underwriting Manager Salary $170,445 IL February 26, 2024
90th Percentile Loan Underwriting Manager Salary $189,155 IL February 26, 2024
25% $127,841 10% $107,762 90% $189,155 75% $170,445 $149,896 50%(Median) Didn’t find job title? Click
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Job Description for Loan Underwriting Manager

Loan Underwriting Manager manages the loan application review process to determine loan eligibility and terms. Schedules and coordinates workload to ensure timely and accurate turnaround, and adequate staffing. Being a Loan Underwriting Manager provides loan options or product recommendations based on qualifications and stays informed on any new products, regulations, or product changes. Assists loan underwriters with complex or unique circumstances and trains the team on all regulatory guidance to ensure compliance. Additionally, Loan Underwriting Manager recommends improvements to the review process and general underwriting procedures to maximize efficiency. Requires a bachelor's degree. Typically reports to a director. The Loan Underwriting Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Loan Underwriting Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Underwriting Manager in Illinois

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Location Avg. Salary Date Updated
Location Cicero, IL Avg. Salary $153,893 Date Updated February 26, 2024
Location Mount Prospect, IL Avg. Salary $153,368 Date Updated February 26, 2024
Location Abingdon, IL Avg. Salary $138,359 Date Updated February 26, 2024
Location Adair, IL Avg. Salary $140,034 Date Updated February 26, 2024
Location Addieville, IL Avg. Salary $142,470 Date Updated February 26, 2024
Location Addison, IL Avg. Salary $153,368 Date Updated February 26, 2024
Location Akin, IL Avg. Salary $137,010 Date Updated February 26, 2024
Location Albany, IL Avg. Salary $135,987 Date Updated February 26, 2024
Location Albers, IL Avg. Salary $142,470 Date Updated February 26, 2024
Location Albion, IL Avg. Salary $133,967 Date Updated February 26, 2024

Career Path for Loan Underwriting Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Loan Underwriting Manager, the first career path typically progresses to Top Consumer Credit Manager.

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Loan Underwriting Manager Salary in Illinois
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