As of January 01, 2025, the average annual salary for a Loan Underwriting Manager in Memphis, TN is $143,508. Salary.com reports that pay typically ranges from $121,689 to $162,111, with most professionals earning between $101,825 and $179,049.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $173,011 | $14,418 | $3,327 | $83 |
| Average | $153,156 | $12,763 | $2,945 | $74 |
| 25th Percentile | $129,871 | $10,823 | $2,498 | $62 |
An entry-level Loan Underwriting Manager with under 1 year experience makes about $129,143. With less than 2 years of experience, a mid-level Loan Underwriting Manager makes around $131,082. After 2-4 years, the Loan Underwriting Manager pay rises to about $133,666. Those senior Loan Underwriting Manager with 5-8 years of experience earn roughly $137,544, and those Loan Underwriting Manager having 8 years or more experience are expected to earn about $142,390 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Underwriting Manager | $129,143 |
| Intermediate Level Loan Underwriting Manager | $131,082 |
| Senior Level Loan Underwriting Manager | $133,666 |
| Specialist Level Loan Underwriting Manager | $137,544 |
| Expert Level Loan Underwriting Manager | $142,390 |
| Entry Level | 16% |
| Mid Level | 14% |
| Senior Level | 13% |
| Top Level | 10% |
| Experienced | 7% |
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