Loan Underwriter III Salary in New Jersey

Loan Underwriter III Salary in New Jersey

How much does a Loan Underwriter III make in New Jersey? The average Loan Underwriter III salary in New Jersey is $96,823 as of April 24, 2024, but the range typically falls between $83,052 and $109,408. 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.

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Loan Underwriter III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Underwriter III Salary $70,515 NJ April 24, 2024
25th Percentile Loan Underwriter III Salary $83,052 NJ April 24, 2024
50th Percentile Loan Underwriter III Salary $96,823 NJ April 24, 2024
75th Percentile Loan Underwriter III Salary $109,408 NJ April 24, 2024
90th Percentile Loan Underwriter III Salary $120,867 NJ April 24, 2024
25% $83,052 10% $70,515 90% $120,867 75% $109,408 $96,823 50%(Median) Didn’t find job title? Click
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Check out Loan Underwriter III Job Openings in New Jersey

Loan Portfolio Underwriter/Analyst

Hana Bank - Trenton, NJ

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Commercial Loan Underwriter

Hana Bank - Trenton, NJ

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Loan Underwriter - Up To $20,000 In Potential Incentives

United Wholesale Mortgage - Pontiac, MI

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Wholesale Underwriter

Spring EQ LLC - Conshohocken, PA

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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).

See More Skills
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 New Jersey
  • Hana Bank - Trenton, NJ
    We are currently looking for Loan Portfolio Underwriters/Analysts to oversee and monitor theBank's portfolio of CRE, C&I and SBA loans to small and medium-...
    - 4 Days Ago
  • Hana Bank - Trenton, NJ
    Come join our vibrant team at Hana Bank USA. National Association. We are a growing community bank that offersa variety of financial services to customers ...
    - 4 Days Ago
  • United Wholesale Mortgage - Pontiac, MI
    United Wholesale Mortgage (UWM) is America’s #1 mortgage lender and we’re looking to fill an immediate need for underwriters. When you join UWM as an under...
    - 8 Months Ago
  • Spring EQ LLC - Conshohocken, PA
    Overview. About Spring EQ. Spring EQ is a national home equity lender providing flexible and tailored financing solutions directly to consumers with a nati...
    - 10 Days Ago
  • The Travelers Companies, Inc. - Alpharetta, GA
    Who Are We. Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our...
    - 1 Day Ago

Select a city to view specific salary and bonus information for Loan Underwriter III

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Location Avg. Salary Date Updated
Location Bayonne, NJ Avg. Salary $99,826 Date Updated April 24, 2024
Location Bergenfield, NJ Avg. Salary $101,593 Date Updated April 24, 2024
Location Bloomfield, NJ Avg. Salary $101,681 Date Updated April 24, 2024
Location East Brunswick, NJ Avg. Salary $99,738 Date Updated April 24, 2024
Location Hoboken, NJ Avg. Salary $103,183 Date Updated April 24, 2024
Location Irvington, NJ Avg. Salary $99,826 Date Updated April 24, 2024
Location Lakewood, NJ Avg. Salary $98,324 Date Updated April 24, 2024
Location Middlesex, NJ Avg. Salary $99,119 Date Updated April 24, 2024
Location Passaic, NJ Avg. Salary $101,681 Date Updated April 24, 2024
Location Union, NJ Avg. Salary $99,826 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.

Loan Underwriter III
Loan Underwriter IV
Loan Underwriting Supervisor
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About New Jersey    New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newa....More

Skills associated with Loan Underwriter III: Banking Software, Underwriting & Rating Software, Risk Analysis, Loan Underwriting ...More

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Loan Underwriter III Salary in New Jersey
Loan Underwriter III Salary Graph, Regional Distribution and Summary