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Loan Underwriting Manager II Salary in the United States

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

As of September 01, 2026, the average salary for a Loan Underwriting Manager II in the United States is $139,876 per year, which breaks down to an hourly rate of $67.

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

  • Top Earners (90th percentile): $147,839
  • Majority Range (25th-75th percentile): $124,945 to $144,044
  • Entry-Level (10th percentile): $111,351
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Loan Underwriting Manager II Salaries

A Loan Underwriting Manager II'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 II Salaries?

Experience is a primary driver of a Loan Underwriting Manager II'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 II 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 IIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $154,871.
  • California: $154,283.
  • Massachusetts: $152,227.

Top Paying Cities for Loan Underwriting Manager IIs

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: $176,426
  • San Francisco: $174,494
  • Oakland: $170,817

Loan Underwriting Manager II Salary by Company Size: Startups vs. Enterprise

Loan Underwriting Manager II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $149,114. While startup companies pay approximate $126,547.

Loan Underwriting Manager II Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $126,547
Growth Stage 51~500 $133,754
Established 501~5000 $144,097
Enterprise 5000+ $149,114

Loan Underwriting Manager II Salary by Industry: Top Paying Sectors

For Loan Underwriting Manager II roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 10% above the average. Conversely, Loan Underwriting Manager positions in Business Services typically offer lower base pay, as this sector often view Loan Underwriting Manager II as a support function rather than a direct revenue driver.

The top paying industry for a Loan Underwriting Manager II

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$153,864$74.010%

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

Your level of education can impact your salary potential. While many Loan Underwriting Manager II 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 II with a Bachelor's Degree is between $142,654 and $154,905.

Loan Underwriting Manager II Salaries by Degree Level

Typical Education for Loan Underwriting Manager II
Degree Level % of user with this level of education
No Diploma 8.0%
High School 24.0%
Associates 4.0%
Bachelors 40.0%
Masters 24.0%
Doctorate 0.0%
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Loan Underwriting Manager II Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Underwriting Manager II'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
$124,945
Average $139,876/year
$144,044
$10,412
Average $11,656/month
$12,004
$2,403
Average $2,690/week
$2,770
$60
Average $67/hour
$69
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $144,044 $12,004 $2,770 $69
Average $139,876 $11,656 $2,690 $67
25th Percentile $124,945 $10,412 $2,403 $60

Loan Underwriting Manager II Salary Growth & Career Path

Loan Underwriting Manager II

Next Role

For a Loan Underwriting Manager II, the most direct path to higher earnings is advancing to the Loan Underwriting Director role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $202,101 - a projected growth of 44% over your current level.

Most common benefits for Loan Underwriting Manager II

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

Common company salaries for Loan Underwriting Manager II

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

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FAQ about Loan Underwriting Manager II

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

A Loan Underwriting Manager II'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 II earns the most in San Jose, CA, where the annual salary of a Loan Underwriting Manager II is $176,426.

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

The highest pay for Loan Underwriting Manager II is $147,839.

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

The lowest pay for Loan Underwriting Manager II is $111,351.

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

Manages the 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. Responds to escalations of non-conforming loans that require approval review using an exception process. Requires a bachelor's degree. Typically reports to a director. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.

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

The Financial Services industry offers the highest average compensation for Loan Underwriting Manager II roles, with salaries approximately 10% 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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