How Much Does a Collateral Underwriter Make in Sioux Falls, SD?

Updated December 01, 2024
As of December 01, 2024, the average annual pay of Collateral Underwriter in Sioux Falls, SD is $85,683. While Salary.com is seeing that Collateral Underwriter salary in Sioux Falls, SD can go up to $106,022 or down to $59,650, but most earn between $72,056 and $96,329. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Collateral Underwriter
Collateral Appraiser
$54,406
Sioux Falls, SD
Per Year
Collateral Specialist
$54,849
Sioux Falls, SD
Per Year
Collateral Analyst
$66,933
Sioux Falls, SD
Per Year
Collateral Examiner
$71,372
Sioux Falls, SD
Per Year
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Similar Job Salaries to Collateral Underwriter by Company

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Company average base salary in (usd) range
1st Financial Bank USA
Loan Underwriter
$75,529/yr
$63,602
$87,456
RANGE: $63,602 - $87,456
FBL Financial Group, Inc.
Commercial Marketing Underwriter
$68,146/yr
$58,792
$77,500
RANGE: $58,792 - $77,500
1st Financial Bank USA
Loan Underwriter Intern
$75,504/yr
$63,811
$87,198
RANGE: $63,811 - $87,198
De Smet Farm Mutual Insurance Company
Auto-Property Assistant Underwriter
$64,658/yr
$56,107
$73,209
RANGE: $56,107 - $73,209
De Smet Farm Mutual Insurance Company of South Dakota
Personal Auto-Property Senior Underwriter
$101,244/yr
$84,535
$117,952
RANGE: $84,535 - $117,952
American Farm Bureau Insurance Services, Inc.
Crop Insurance Underwriter (IA, MN, SD or WI)
$82,524/yr
$70,437
$94,611
RANGE: $70,437 - $94,611
Frost Bank
Collateral Specialist
$58,013/yr
$50,113
$65,912
RANGE: $50,113 - $65,912
Yamaha Motor
Collateral Manager
$115,065/yr
$95,666
$134,464
RANGE: $95,666 - $134,464
Freedom Mortgage
Supervisor, Collateral
$67,669/yr
$56,833
$78,504
RANGE: $56,833 - $78,504
Carrington
Collateral Analyst
$107,394/yr
$86,159
$128,629
RANGE: $86,159 - $128,629

What Does a Collateral Underwriter Do?

Collateral Underwriter (CU) program is intended to give lenders access to the same appraisal analytics that Fannie Mae uses in its quality control process.
Updated November 04, 2021
Upon resubmission, Collateral Underwriter analyzes the revised appraisal as if it were a new appraisal.
Updated October 04, 2021

Frequently Asked Questions About a Collateral Underwriter Salaries

What is the average of a Collateral Underwriter in Sioux Falls, SD?

The Collateral Underwriter salary range is from $72,056 to $96,329, and the average Collateral Underwriter salary is $85,683/year in Sioux Falls, SD. The Collateral Underwriter's salary will change in different locations.

Which location pays the highest Collateral Underwriter salary in the United States?

The Collateral Underwriter salary in San Jose, CA is $118,428 which is the highest in the US.

What kinds of reasons will influence the Collateral 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 Collateral Underwriter.

What is the growth rate of the Collateral Underwriter's salary?

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