Commercial Loan Underwriter Salaries in the United States
How Much Does a Commercial Loan Underwriter Make?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Commercial Loan Underwriter in the United States is $98,524.
While Salary.com is seeing that Commercial Loan Underwriter salary in the US can go up to $124,506
or down to $66,881, but most earn between $81,961 and $112,124.
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 Commercial Loan Underwriter
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Commercial Loan Underwriter by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Total Warranty Services
Commercial Loan Underwriter
|
$100,681/yr
|
RANGE: $88,076 - $113,285
|
|
Telhio Credit Union
Commercial Loan Underwriter
|
$82,442/yr
|
RANGE: $72,408 - $92,476
|
|
AgileCap
Commercial Loan Underwriter
|
$101,363/yr
|
RANGE: $88,673 - $114,053
|
|
Make Your Move
Commercial Loan Underwriter II
|
$110,047/yr
|
RANGE: $97,724 - $122,370
|
|
ABNB Federal Credit Union
Commercial Loan Underwriter
|
$96,835/yr
|
RANGE: $84,712 - $108,959
|
|
Salem Five Bank
Commercial Loan Underwriter II
|
$110,047/yr
|
RANGE: $97,724 - $122,370
|
|
Westfield Bank
Commercial Loan Underwriter 3
|
$93,777/yr
|
RANGE: $83,276 - $104,278
|
|
Lexicon Bank
Commercial Loan Underwriter
|
$96,967/yr
|
RANGE: $86,109 - $107,826
|
|
Global Placement Firm
Commercial Loan Underwriter
|
$85,081/yr
|
RANGE: $74,476 - $95,685
|
|
Ridgewood Photo
Commercial Real Estate Loan Underwriter (In-person)
|
$131,141/yr
|
RANGE: $115,682 - $146,599
|
What Does a Commercial Loan Underwriter Do?
Commercial underwriters typically work daytime business hours with paid holidays off, and primarily report to the loan department manager.
Updated December 19, 2021
Commercial underwriters are problem-solvers with an eye for detail and excellent customer service skills who process complex loan applications and create comprehensive loan agreements.
Updated December 18, 2021
To ensure a strong loan portfolio, commercial real estate underwriters need an in-depth understanding of asset performance early in the acquisition process.
Updated December 14, 2021
– commercial underwriters frequently use Microsoft Office, spreadsheets, and other software programs, all of which require computer skills.
Updated December 13, 2021
Some travel is required, as commercial underwriters may travel to meet with current and potential clients to discuss the details of financial agreements.
Updated December 06, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Commercial Loan Underwriter Salaries
What is the average of a Commercial Loan Underwriter in the United States?
The Commercial Loan Underwriter salary range is from $81,961 to $112,124, and the average Commercial Loan Underwriter salary is $98,524/year in the United States.
The Commercial Loan Underwriter's salary will change in different locations.
Which location pays the highest Commercial Loan Underwriter salary in the United States?
The Commercial Loan Underwriter salary in San Jose, CA is $124,268
which is the highest in the US.
What kinds of reasons will influence the Commercial 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 Commercial Loan Underwriter.
What is the growth rate of the Commercial Loan Underwriter's salary?
If you are thinking of becoming a Commercial Loan Underwriter or planning the next step in your career, find the detailed salary report of a Commercial Loan Underwriter.
Recent Salary Report
Below are the most recent Commercial Loan Underwriter salary reports. Employer name has been removed to protect anonymity.
$55
Hourly
A Commercial Loan Underwriter in Little Rock, AR reported making $55 per hour
Little Rock, AR
3,000 - 7,6 employees
Part-Time
Company - Public
$42
Hourly
A Commercial Loan Underwriter in Milford, CT reported making $42 per hour
Milford, CT
7,6 - 15,000 employees
Part-Time
Company - Public
$5,852
Monthly
A Commercial Loan Underwriter in Nampa, ID reported making $5,852 per month
Nampa, ID
1,000 - 3,000 employees
Full-Time
Company - Public
$110,836
Yearly
A Commercial Loan Underwriter in Manhattan, KS reported making $110,836 per year
Manhattan, KS
100 - 200 employees
Full-Time
Company - Private
$73,909
Yearly
A Commercial Loan Underwriter in Stratford, CT reported making $73,909 per year
Stratford, CT
200 - 6 employees
Full-Time
Company - Private
$112,124
Yearly
A Commercial Loan Underwriter in Plymouth, MA reported making $112,124 per year
Plymouth, MA
6 - 1,000 employees
Full-Time
Company - Private
