How much does a Loan Underwriter III make in Maine? The average Loan Underwriter III salary in Maine is $85,957 as of April 24, 2024, but the range typically falls between $73,732 and $97,130. 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 Underwriter III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Underwriter III Salary $62,601 ME April 24, 2024
25th Percentile Loan Underwriter III Salary $73,732 ME April 24, 2024
50th Percentile Loan Underwriter III Salary $85,957 ME April 24, 2024
75th Percentile Loan Underwriter III Salary $97,130 ME April 24, 2024
90th Percentile Loan Underwriter III Salary $107,303 ME April 24, 2024
25% $73,732 10% $62,601 90% $107,303 75% $97,130 $85,957 50%(Median) Didn’t find job title? Click
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What skills does a Loan Underwriter III 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 18.78%
Microsoft Office 2.14%
Commercial Banking 1.04%
Others 78.04%

Job Description for Loan Underwriter III

Loan Underwriter III 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 III 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 III typically requires a bachelor's degree. Typically reports to a supervisor or manager. The Loan Underwriter III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Loan Underwriter III typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Underwriter III in Maine
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Select a city to view specific salary and bonus information for Loan Underwriter III

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Location Avg. Salary Date Updated
Location Saco, ME Avg. Salary $87,193 Date Updated April 24, 2024
Location Windham, ME Avg. Salary $87,282 Date Updated April 24, 2024
Location Abbot, ME Avg. Salary $83,748 Date Updated April 24, 2024
Location Acton, ME Avg. Salary $89,402 Date Updated April 24, 2024
Location Addison, ME Avg. Salary $83,748 Date Updated April 24, 2024
Location Albion, ME Avg. Salary $83,748 Date Updated April 24, 2024
Location Alfred, ME Avg. Salary $88,960 Date Updated April 24, 2024
Location Alna, ME Avg. Salary $86,487 Date Updated April 24, 2024
Location Andover, ME Avg. Salary $86,487 Date Updated April 24, 2024
Location Anson, ME Avg. Salary $83,748 Date Updated April 24, 2024

Career Path for Loan Underwriter III

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 III, the upper level is Loan Underwriter IV and then progresses to Loan Underwriting Supervisor.

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Loan Underwriter III Salary in Maine
Loan Underwriter III Salary Graph, Regional Distribution and Summary