How Much Does a Business Loan Underwriter Make in Michigan?

Updated March 26, 2024
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Individually reported data submitted by users of our website

Low Confidence
$61,990/yr
Average Base Pay
Low $54,811
Average $61,990
High $72,252
The average salary for Business Loan Underwriter is $61,990 per year in Michigan.

Related Job Titles to Business Loan Underwriter

Loan Underwriter IV
$101,229
Michigan
Per Year
Loan Underwriter
$59,310
Michigan
Per Year
Auto Loan Underwriter
$63,403
Michigan
Per Year
Consumer Loan Underwriter
$53,226
Michigan
Per Year

Similar Job Salaries to Business Loan Underwriter by Company

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Company average base salary in (usd) range
ELGA Credit Union
Mortgage Loan Underwriter
$59,604/yr
$50,128
$69,081
RANGE: $50,128 - $69,081
Southern Michigan Bank & Trust
Mortgage Loan Underwriter
$101,514/yr
$78,601
$124,428
RANGE: $78,601 - $124,428
United Wholesale Mortgage
Loan Underwriter - Up To $20,000 In Potential Incentives
$68,133/yr
$57,683
$78,583
RANGE: $57,683 - $78,583
Northpointe Bank
Underwriter
$110,726/yr
$92,037
$129,415
RANGE: $92,037 - $129,415
Comerica Bank
Consumer Loan Business Support Analyst II
$89,516/yr
$77,500
$101,531
RANGE: $77,500 - $101,531
Allied Insurance Managers Inc.
Assistant Underwriter
$195,792/yr
$153,679
$237,905
RANGE: $153,679 - $237,905
$77,693/yr
$67,323
$88,064
RANGE: $67,323 - $88,064
UWM
Underwriter III
$104,055/yr
$89,007
$119,104
RANGE: $89,007 - $119,104
NJ CURE
Underwriter - CURE
$89,932/yr
$77,814
$102,050
RANGE: $77,814 - $102,050
$105,056/yr
$85,699
$124,413
RANGE: $85,699 - $124,413

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Top 10 Highest Paying Cities For Business Loan Underwriter Jobs in Michigan

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Business Loan Underwriter can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Business Loan Underwriter job salaries in Michigan. Some cities can pay higher salaries for Business Loan Underwriter jobs, which can indicate that there is a large demand for Business Loan Underwriter positions in this city.
The following table shows top 10 cities where the Business Loan Underwriter salary is higher than other cities in Michigan. Ann Arbor takes first place in this list, followed by Canton, Novi. The Business Loan Underwriter salary is $64,439 in Ann Arbor, which is higher than the national average. There are 18 cities' Business Loan Underwriter salary higher than national average in Michigan.
The average salary for a Business Loan Underwriter in Michigan is $61,990, but we found that the city with the highest salary for Business Loan Underwriter jobs is Ann Arbor, MI, and it is higher than Canton. Business Loan Underwriter jobs in Ann Arbor can have the opportunity to earn higher salaries than in other cities in Michigan.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Ann Arbor $64,439 $5,370 $1,239 $31
Canton $64,314 $5,359 $1,237 $31
Novi $64,125 $5,344 $1,233 $31
Westland $63,623 $5,302 $1,224 $31
West Bloomfield $63,371 $5,281 $1,219 $30
Detroit $63,309 $5,276 $1,217 $30
Warren $63,309 $5,276 $1,217 $30
Dearborn $63,309 $5,276 $1,217 $30
Waterford $63,309 $5,276 $1,217 $30
Dearborn Heights $63,246 $5,270 $1,216 $30

What Does a Business Loan Underwriter Do?

No loan processor or underwriter who is an independent contractor may engage in the activities of a loan processor or underwriter unless the loan processor or underwriter obtains and maintains a license under this chapter.
Updated October 06, 2021
A compact busine loan from an on-line loan provider, could possibly be an infinitely more sensible option—and is just about the first-choice loan selection for many businees today.
Updated December 22, 2021
Whether your personal loan is negative contour or their busine credit standing actually leaves a bit is wished for, there could be viable solutions to take a loan for your specific busine.
Updated December 19, 2021
In the event you can’t qualify for typical or alternate, or novice busine funding or you’re reluctant to be charged for the larger money expenditure aociated with this loans, crowdfunding might offer a non-traditional option to acce the busine money you want.
Updated December 12, 2021
Should your busine have different talents, like continuous profile receivable or secure every month money, your very own chances of being qualified for funding from an internet loan provider may augment.
Updated December 08, 2021

Frequently Asked Questions About a Business Loan Underwriter Salaries

What is the average of a Business Loan Underwriter in Michigan?

The Business Loan Underwriter salary range is from $54,811 to $72,252, and the average Business Loan Underwriter salary is $61,990/year in Michigan. The Business Loan Underwriter's salary will change in different locations.

Which location pays the highest Business Loan Underwriter salary in the United States?

The Business Loan Underwriter salary in San Jose, CA is $78,822 which is the highest in the US.

What kinds of reasons will influence the Business Loan Underwriter's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Business Loan Underwriter.

What is the growth rate of the Business Loan Underwriter's salary?

If you are thinking of becoming a Business Loan Underwriter or planning the next step in your career, find the detailed salary report of a Business Loan Underwriter.