How much does a Loan Underwriter I make in Adrian, MI? The average Loan Underwriter I salary in Adrian, MI is $59,785 as of February 26, 2024, but the range typically falls between $51,270 and $67,869. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Loan Underwriter I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Underwriter I Salary $43,517 Adrian,MI February 26, 2024
25th Percentile Loan Underwriter I Salary $51,270 Adrian,MI February 26, 2024
50th Percentile Loan Underwriter I Salary $59,785 Adrian,MI February 26, 2024
75th Percentile Loan Underwriter I Salary $67,869 Adrian,MI February 26, 2024
90th Percentile Loan Underwriter I Salary $75,229 Adrian,MI February 26, 2024
25% $51,270 10% $43,517 90% $75,229 75% $67,869 $59,785 50%(Median) Didn’t find job title? Click
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What skills does a Loan Underwriter I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

3.

Commercial Banking: Is a profit oriented banking by providing loans to customers and charging interest. The bank’s funds come from money deposited by the bank customers in saving accounts, checking accounts, money market accounts, and certificates of deposit (CDs).

Analysis 18.65%
Microsoft Office 2.14%
Commercial Banking 1.03%
Others 78.18%

Job Description for Loan Underwriter I

Loan Underwriter I reviews loan applications and related documentation to determine loan eligibility and terms. Analyzes financial information provided and collects additional documentation as necessary. Being a Loan Underwriter I provides loan options, terms, or other product recommendations based on qualifications. Assists customers through the loan process by researching and answering customer inquiries, clarifying details, and coordinating with internal parties. Additionally, Loan Underwriter I typically requires a bachelor's degree. Typically reports to a supervisor or manager. The Loan Underwriter I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Loan Underwriter I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Underwriter I in Adrian, MI

Career Path for Loan Underwriter I

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 Underwriter I, the upper level is Loan Underwriter II and then progresses to Loan Underwriter IV.

Those that have already made the climb...
Patrick J. Haveron, Co-Chief Executive Officer and Chief Financial Officer
Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers in Europe, the United States, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The company writes treaties on a quota share basis and... More
Fiscal Year Ended in 2022
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Loan Underwriter I salary varies from city to city. Compared with national average salary of Loan Underwriter I, the highest Loan Underwriter I salary is in San Francisco, CA, where the Loan Underwriter I salary is 25.0% above. The lowest Loan Underwriter I salary is in Miami, FL, where the Loan Underwriter I salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Loan Underwriter I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
51270
67869
59785

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
52969
71996
62004
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Underwriter I in Adrian, MI. The base salary for Loan Underwriter I ranges from $51,270 to $67,869 with the average base salary of $59,785. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $52,969 to $71,996 with the average total cash compensation of $62,004.
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51270
67869

 

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About Adrian, Michigan    Adrian is a city in the U.S. state of Michigan and the county seat of Lenawee County. The population was 21,133 at the 2010 census. Adrian lies in Mi....More

Adrian, Michigan  area prices were up 1.3% from a year ago    View the Cost of Living in Adrian, Michigan

Loan Underwriter I Salary in popular cities: DetroitGrand RapidsWarren

Skills associated with Loan Underwriter I: Loan Authorization, Risk Assessment, Underwriting & Rating Software, Loan Software ...More

Jobs with a similar salary range to Loan Underwriter I : Financial Loan Analyst

Salary estimation for Loan Underwriter I at companies like : TD Bank , America, Division of Child Support Enforcement, Verity Funding Group LLC

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