As of January 01, 2025, the average annual salary for a Loan Underwriter IV in Springfield, MA is $108,308. According to Salary.com, salaries can range from a low of $79,242 to a high of $136,885, with most professionals earning between $93,094 and $123,266.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $118,184 | $9,849 | $2,273 | $57 |
| Average | $103,843 | $8,654 | $1,997 | $50 |
| 25th Percentile | $89,256 | $7,438 | $1,716 | $43 |
An entry-level Loan Underwriter IV with under 1 year experience makes about $100,694. With less than 2 years of experience, a mid-level Loan Underwriter IV makes around $101,820. After 2-4 years, the Loan Underwriter IV pay rises to about $103,622. Those senior Loan Underwriter IV with 5-8 years of experience earn roughly $105,875, and those Loan Underwriter IV having 8 years or more experience are expected to earn about $109,667 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Underwriter IV | $100,694 |
| Intermediate Level Loan Underwriter IV | $101,820 |
| Senior Level Loan Underwriter IV | $103,622 |
| Specialist Level Loan Underwriter IV | $105,875 |
| Expert Level Loan Underwriter IV | $109,667 |
| Entry Level | 3% |
| Mid Level | 2% |
| Senior Level | 0% |
| Top Level | 2% |
| Experienced | 6% |
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