As of May 01, 2026, the average salary for a Loan Underwriter II in Retsof, NY is $67,972 per year, which breaks down to an hourly rate of $33.
However, a Loan Underwriter II's salary can vary significantly. Here’s a look at the typical salary range:
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A Loan Underwriter II's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills and company size can directly affect your earning potential.
Experience is a primary driver of a Loan Underwriter II's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Loan Underwriter I | 0-2 years | $58,205 |
| Loan Underwriter II | 2-4 years | $67,972 |
| Loan Underwriter III | 4-7 years | $83,731 |
| Loan Underwriter IV | 7+ years | $101,670 |
| Loan Underwriting Supervisor | 7+ years | $93,559 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 18.91% |
| Commercial Loans | 2.27% |
| Billing | 1.5% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Critical Thinking
|
$106,717 |
57%
|
|
Loan Review
|
$82,247 |
21%
|
|
Analysis
|
$82,247 |
21%
|
|
Billing
|
$79,528 |
17%
|
|
Cash Flow Analysis
|
$78,848 |
16%
|
|
Flexibility
|
$78,848 |
16%
|
Understanding how a Loan Underwriter II's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 01, 2026Promotions are the fastest way to increase your earnings. As a Loan Underwriter II, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Mortgage Underwriter III | $93,020 | 37% |
| Loan Underwriter III | $83,731 | 23% |
Ready to take the next step in your career? Browse thousands of current Loan Underwriter II job openings on our job board. Use the search bar below to find your perfect match.
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