How much does a Loan Underwriter I make in Blooming Prairie, MN? The average Loan Underwriter I salary in Blooming Prairie, MN is $61,219 as of September 01, 2024, but the range typically falls between $52,447 and $70,005. 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 Salary in Blooming Prairie, Minnesota
Loan Underwriter I Salary in Blooming Prairie, MN
Loan Underwriter I Salaries by Percentile
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Loan Underwriter I Salary | $44,461 | Blooming Prairie,MN | September 01, 2024 |
| 25th Percentile Loan Underwriter I Salary | $52,447 | Blooming Prairie,MN | September 01, 2024 |
| 50th Percentile Loan Underwriter I Salary | $61,219 | Blooming Prairie,MN | September 01, 2024 |
| 75th Percentile Loan Underwriter I Salary | $70,005 | Blooming Prairie,MN | September 01, 2024 |
| 90th Percentile Loan Underwriter I Salary | $78,004 | Blooming Prairie,MN | September 01, 2024 |
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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).
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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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New River Valley Community Services - BLACKSBURG, VAAre you looking to make a positive impact on your community through your work. Join us at NRVCS. New River Valley Community Services, one of the largest Co...- 4 Months Ago
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, 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 2023
What does a Loan Underwriter I do?
Loan Underwriter I in Columbus, OH
It is helpful to consult a proven example such as the following consumer credit analyst resume sample.
February 20, 2020
Loan Underwriter I in Philadelphia, PA
Because consumer financials are rarely cut and dried, credit analysts must be able to evaluate a large amount of information in a short period of time and provide an honest and objective appraisal of a person’s financial situation.
February 02, 2020
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Loan Underwriter I Pay Difference by Location
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 3.5% lower than national average salary.
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About Blooming Prairie, Minnesota
Blooming Prairie is a city in Dodge and Steele counties in the U.S. state of Minnesota. The population was 1,996 at the 2010 census. Most of the city is located within Steele County; only a small part of the city extends into Dodge County.
According to the United States Census Bureau, the city has a total area of 1.41 square miles (3.65 km2), all of it land.
U.S. Highway 218 and Minnesota State Highway 30 are the main routes in the city....
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Similar Jobs to Loan Underwriter I
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| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Loan Underwriter II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Loan Underwriter III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Loan Underwriter IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Level of Education for Loan Underwriter I
Jobs with different levels of education may pay very differently. Check the Loan Underwriter I salary of your education level.
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Browse Related Job Categories With Loan Underwriter I
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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
52447
70005
Average Total Cash Compensation
Includes base and annual incentives
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 Blooming Prairie, MN. The base salary for Loan Underwriter I ranges from $52,447 to $70,005 with the average base salary of $61,219. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $54,419 to $74,563 with the average total cash compensation of $64,047.
Similar Job Titles:
Loan Underwriter II, Loan Underwriter III, Loan Underwriter IV, Mortgage Underwriter I, Mortgage Underwriter II
See additional Similar Jobs
About Blooming Prairie, Minnesota Blooming Prairie is a city in Dodge and Steele counties in the U.S. state of Minnesota. The population was 1,996 at the 2010 census. Most of the city....More
Blooming Prairie, Minnesota area prices were up 1.3% from a year ago View the Cost of Living in Blooming Prairie, Minnesota
Loan Underwriter I Salary in popular cities: Minneapolis, Saint Paul, Rochester
Skills associated with Loan Underwriter I: Loan Review, Risk Assessment, Loan Underwriting, Data Collection ...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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