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Loan Underwriting Manager I Salary in the United States

How much does a Loan Underwriting Manager I make in the United States?

As of September 01, 2026, the average salary for a Loan Underwriting Manager I in the United States is $106,512 per year, which breaks down to an hourly rate of $51.

However, a Loan Underwriting Manager I's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $119,251
  • Majority Range (25th-75th percentile): $96,481 to $113,180
  • Entry-Level (10th percentile): $87,348
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Loan Underwriting Manager I Salaries

A Loan Underwriting Manager I'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, education and company size can directly affect your earning potential.

How Experience Level Affects Loan Underwriting Manager I Salaries?

Experience is a primary driver of a Loan Underwriting Manager I'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:

  • Loan Underwriter IV (7+ years): $103,775
  • Loan Underwriting Supervisor (7+ years): $95,495
  • Loan Underwriting Manager I (7+ years): $106,512
  • Loan Underwriting Manager II (7+ years): $139,876
  • Consumer Credit Director (7+ years): $202,101
Job Role Years of Experience Average Salary
Loan Underwriter IV7+ years$103,775
Loan Underwriting Supervisor7+ years$95,495
Loan Underwriting Manager I7+ years$106,512
Loan Underwriting Manager II7+ years$139,876
Consumer Credit Director7+ years$202,101
View as Graph

How Do Loan Underwriting Manager I Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Underwriting Manager Is. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $117,930.
  • California: $117,483.
  • Massachusetts: $115,917.

Top Paying Cities for Loan Underwriting Manager Is

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $134,344
  • San Francisco: $132,873
  • Oakland: $130,072

What Skills Can Increase a Loan Underwriting Manager I's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 6.4% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  • Credit Card (Mentioned in 2.29% Job Postings): A credit card is a type of credit facility, provided by banks that allow customers to borrow funds within a pre-approved credit limit.
  • Account Management (Mentioned in 1.72% Job Postings): An Account Manager has the role of managing sales and relationships with particular customers. An Account Manager maintains existing relationships with clients so that the business they work for is continously successful.
Skills Demand Percentage
Customer Service 6.4%
Credit Card 2.29%
Account Management 1.72%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Loan Underwriting Manager I's salary.

  • Front Office: Can increase your salary by up to 31%.
  • Coaching: Can increase your salary by up to 14%.
  • Risk Management: Can increase your salary by up to 12%.
Skill Salary Salary % Increase
Front Office $139,531
31%
Coaching $121,424
14%
Risk Management $119,293
12%
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Loan Underwriting Manager I Salary by Company Size: Startups vs. Enterprise

Loan Underwriting Manager I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $114,202. While startup companies pay approximate $96,888.

Loan Underwriting Manager I Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $96,888
Growth Stage 51~500 $102,400
Established 501~5000 $110,353
Enterprise 5000+ $114,202

Loan Underwriting Manager I Salary by Industry: Top Paying Sectors

For Loan Underwriting Manager I roles, the industry you choose can affect earning potential by as much as 100% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 50% above the average. In contrast, Loan Underwriting Manager positions in MFG Durable or Business Services typically offer lower base pay, as these industries often view Loan Underwriting Manager I as a support function rather than a direct revenue driver.

The top paying industries for a Loan Underwriting Manager I

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$159,768$77.050%
Edu., Gov't. & Nonprofit$127,814$61.020%

How Education impacts a Loan Underwriting Manager I's Salary?

Your level of education can impact your salary potential. While many Loan Underwriting Manager I enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Loan Underwriting Manager I with a Bachelor's Degree is between $113,206 and $123,249.

Loan Underwriting Manager I Salaries by Degree Level

Typical Education for Loan Underwriting Manager I
Degree Level % of user with this level of education
No Diploma 2.4%
High School 28.2%
Associates 11.3%
Bachelors 43.5%
Masters 14.5%
Doctorate 0.0%
View as Graph

Loan Underwriting Manager I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Underwriting Manager I'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 September 01, 2026
$96,481
Average $106,512/year
$113,180
$8,040
Average $8,876/month
$9,432
$1,855
Average $2,048/week
$2,177
$46
Average $51/hour
$54
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $113,180 $9,432 $2,177 $54
Average $106,512 $8,876 $2,048 $51
25th Percentile $96,481 $8,040 $1,855 $46

Loan Underwriting Manager I Salary Growth & Career Path

Loan Underwriting Manager I

Next Role

Advancement

For a Loan Underwriting Manager I, the most direct path to higher earnings is advancing to the Loan Underwriting Manager II role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $139,876 - a projected growth of 31% over your current level.

Most common benefits for Loan Underwriting Manager I

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Loan Underwriting Manager I

Here are companies hiring for Loan Underwriting Manager I and their salaries, click below for more details.

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FAQ about Loan Underwriting Manager I

1. Where can a Loan Underwriting Manager I earn the most?

A Loan Underwriting Manager I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Loan Underwriting Manager I earns the most in San Jose, CA, where the annual salary of a Loan Underwriting Manager I is $134,344.

2. What is the highest pay for Loan Underwriting Manager I?

The highest pay for Loan Underwriting Manager I is $119,251.

3. What is the lowest pay for Loan Underwriting Manager I?

The lowest pay for Loan Underwriting Manager I is $87,348.

4. What are the responsibilities of Loan Underwriting Manager I?

Manages the daily operations of an underwriting unit that evaluates the risk of loan and credit applications against the firm's objectives and borrowing guidelines using analysis and assessment of creditworthiness criteria. Reviews the applicant's financial status, documents, data, and applicable collateral. Makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. May present to a loan committee. Defines the loan structure consisting of interest rates, repayment terms, and allowed loan amounts. Complies with all federal regulations, state laws, and internal policies related to lending. May respond to escalations of non-conforming loans that require approval review using an exception process. Requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.

5. What industry pays the highest salary for Loan Underwriting Manager I?

The Financial Services industry offers the highest average compensation for Loan Underwriting Manager I roles, with salaries approximately 50% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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