As of April 01, 2025, the average annual salary for a Loan Underwriter IV in Chicago, IL is $106,360. According to Salary.com, salaries can range from a low of $89,565 to a high of $120,853, with most professionals earning between $97,568 and $113,946.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $113,946 | $9,495 | $2,191 | $55 |
| Average | $106,360 | $8,863 | $2,045 | $51 |
| 25th Percentile | $97,568 | $8,131 | $1,876 | $47 |
An entry-level Loan Underwriter IV with under 1 year experience makes about $102,423. With less than 2 years of experience, a mid-level Loan Underwriter IV makes around $103,079. After 2-4 years, the Loan Underwriter IV pay rises to about $104,129. Those senior Loan Underwriter IV with 5-8 years of experience earn roughly $105,441, and those Loan Underwriter IV having 8 years or more experience are expected to earn about $107,492 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Underwriter IV | $102,423 |
| Intermediate Level Loan Underwriter IV | $103,079 |
| Senior Level Loan Underwriter IV | $104,129 |
| Specialist Level Loan Underwriter IV | $105,441 |
| Expert Level Loan Underwriter IV | $107,492 |
| Entry Level | 0% |
| Mid Level | 0% |
| Senior Level | 1% |
| Top Level | 2% |
| Experienced | 4% |
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