As of January 01, 2025, the average annual salary for a Loan Underwriting Supervisor in Troy, MI is $104,821. Salary.com reports that pay typically ranges from $86,445 to $116,479, with most professionals earning between $69,714 and $127,093.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $116,015 | $9,668 | $2,231 | $56 |
| Average | $104,404 | $8,700 | $2,008 | $50 |
| 25th Percentile | $86,101 | $7,175 | $1,656 | $41 |
An entry-level Loan Underwriting Supervisor with under 1 year experience makes about $97,206. With less than 2 years of experience, a mid-level Loan Underwriting Supervisor makes around $98,022. After 2-4 years, the Loan Underwriting Supervisor pay rises to about $100,744. Those senior Loan Underwriting Supervisor with 5-8 years of experience earn roughly $104,010, and those Loan Underwriting Supervisor having 8 years or more experience are expected to earn about $106,945 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Underwriting Supervisor | $97,206 |
| Intermediate Level Loan Underwriting Supervisor | $98,022 |
| Senior Level Loan Underwriting Supervisor | $100,744 |
| Specialist Level Loan Underwriting Supervisor | $104,010 |
| Expert Level Loan Underwriting Supervisor | $106,945 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 4% |
| Top Level | 0% |
| Experienced | 2% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Credit Management: Granting and paying credit within the defined payment terms and conditions to improve the revenue and profit of the company.
Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.
| Skill | Salary | Demand |
|---|---|---|
|
Process Improvement
|
$158,280 |
51%
|
|
Communicates Effectively
|
$118,448 |
13%
|
|
Attention to Detail
|
$114,255 |
9%
|
|
Accounts Receivable
|
$114,255 |
9%
|
|
Logistics
|
$113,207 |
8%
|
|
Communication Skills
|
$113,207 |
8%
|
