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How much does a Loan Underwriter I make?

As of December 01, 2024, the average annual pay of Loan Underwriter I in Portsmouth, VA is $58,530. While Salary.com is seeing that Loan Underwriter I salary in Portsmouth, VA can go up to $74,576 or down to $42,502, but most earn between $50,141 and $66,929. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Underwriter I in the United States.

Loan Underwriter I Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $71,050 $5,921 $1,366 $34
Average $62,134 $5,178 $1,195 $30
25th Percentile $53,228 $4,436 $1,024 $26

Average Salary

25% $50,141 10% $42,502 90% $74,576 75% $66,929 $58,530 50%(Median) Didn’t find job title? Click
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Salary.com provides you with accurate and diversified Loan Underwriter I salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Loan Underwriter I hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Loan Underwriter I $57,602
Intermediate Level Loan Underwriter I $58,474
Senior Level Loan Underwriter I $60,345
Specialist Level Loan Underwriter I $60,719
Expert Level Loan Underwriter I $60,969
$57,602 0 yr
$58,474 < 2 yrs
$60,345 2-4 yrs
$60,719 5-8 yrs
$60,969 > 8 yrs
Last Updated on December 01, 2024
Entry Level 7%
Mid Level 6%
Senior Level 3%
Top Level 2%
Experienced 2%
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Last Updated on December 01, 2024

Job Openings of Loan Underwriter I

Salary.com job board provides millions of Loan Underwriter I information for you to search for. Click on search button below to see Loan Underwriter I job openings or enter a new job title here.

Cost of Living In Portsmouth, VA

Cost of Living in Portsmouth , VA is
4.5% Higher
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Loan Underwriter I

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%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Loan Underwriter I higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Portfolio Management, you can get a 35% salary raise. If you are good at Decision Making, your salary will increase by 35%. If you are expert in Balance Sheet, your salary will rise by 35%.
Skill Salary Demand
Portfolio Management
$79,016
35%
Decision Making
$79,016
35%
Balance Sheet
$79,016
35%
Integrity
$76,089
30%
Critical Thinking
$76,089
30%
Flexibility
$73,163
25%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Loan Underwriter I is $58,530 per year in Portsmouth, VA, updated at December 01, 2024.
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