As of July 01, 2026, the average salary for a Loan Underwriting Manager I in Floyds Knobs, IN is $101,854 per year, which breaks down to an hourly rate of $49.
However, a Loan Underwriting Manager I's salary can vary significantly. Here’s a look at the typical salary range:
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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, skills, and company size can directly affect your earning potential.
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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Loan Underwriter IV | 7+ years | $99,224 |
| Loan Underwriting Supervisor | 7+ years | $91,308 |
| Loan Underwriting Manager I | 7+ years | $101,854 |
| Loan Underwriting Manager II | 7+ years | $133,738 |
| Consumer Credit Director | 7+ years | $193,189 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 6.4% |
| Credit Card | 2.29% |
| Account Management | 1.72% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Front Office
|
$133,429 |
31%
|
|
Coaching
|
$116,113 |
14%
|
|
Risk Management
|
$114,076 |
12%
|
|
Initiative
|
$112,039 |
10%
|
|
Credit Card
|
$111,021 |
9%
|
|
Economics
|
$110,002 |
8%
|
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 $109,267. While startup companies pay approximate $92,688.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $92,688 |
| Growth Stage | 51~500 | $97,958 |
| Established | 501~5000 | $105,601 |
| Enterprise | 5000+ | $109,267 |
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.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $152,781 | $73.0 | 50% |
| Edu., Gov't. & Nonprofit | $122,225 | $59.0 | 20% |
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 July 01, 2026For 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 $133,738 - a projected growth of 31% over your current level.
Ready to take the next step in your career? Browse thousands of current Loan Underwriting Manager I job openings on our job board. Use the search bar below to find your perfect match.
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