Commercial Loan Underwriter Salaries in Indiana
How Much Does a Commercial Loan Underwriter Make in Indiana?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Commercial Loan Underwriter in Indiana is $94,573.
While Salary.com is seeing that Commercial Loan Underwriter salary in IN can go up to $119,513
or down to $64,199, but most earn between $78,674 and $107,628.
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
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Similar Job Salaries to Commercial Loan Underwriter by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
REGIONAL federal credit union
Commercial Loan Underwriter
|
$98,242/yr
|
RANGE: $87,241 - $109,243
|
|
Insight Global
Commercial Underwriter
|
$138,450/yr
|
RANGE: $126,405 - $150,495
|
|
Heritage Federal Credit Union
Small Business Loan Underwriter
|
$84,314/yr
|
RANGE: $75,584 - $93,044
|
|
First National Bank
Retail Loan Underwriter
|
$60,980/yr
|
RANGE: $55,068 - $66,891
|
|
FIRST INTERNET BANK
SBA Loan Underwriter
|
$89,591/yr
|
RANGE: $80,347 - $98,836
|
|
FCCI
Commercial Lines Underwriter
|
$67,330/yr
|
RANGE: $60,901 - $73,758
|
|
FCCI Services Inc.
Commercial Lines Underwriter
|
$67,330/yr
|
RANGE: $60,901 - $73,758
|
|
First American Financial Company
Commercial Underwriter-Hybrid/Remote
|
$65,485/yr
|
RANGE: $58,997 - $71,972
|
|
Cypress HCM
Commercial Underwriter IV
|
$119,301/yr
|
RANGE: $110,672 - $127,930
|
|
Auto-Owners Insurance Company
Commercial Lines Underwriter
|
$63,838/yr
|
RANGE: $57,742 - $69,933
|
Top 10 Highest Paying Cities For Commercial Loan Underwriter Jobs in Indiana
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Commercial 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 Commercial Loan Underwriter job salaries in Indiana.
Some cities can pay higher salaries for Commercial Loan Underwriter jobs, which can indicate that there is a large demand for Commercial Loan Underwriter positions in this city.
The following table shows top 10 cities where the Commercial Loan Underwriter salary is higher than other cities in Indiana.
Hammond takes first place in this list, followed by Gary, Indianapolis.
The Commercial Loan Underwriter salary is $97,982 in Hammond,
which is lower than the national average. There is 0 city's Commercial Loan Underwriter salary higher than national average in Indiana.
The average salary for a Commercial Loan Underwriter in Indiana is $94,573,
but we found that the city with the highest salary for Commercial Loan Underwriter jobs is Hammond, IN, and it is higher than Gary.
Commercial Loan Underwriter jobs in Hammond can have the opportunity to earn higher salaries than in other cities in Indiana.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Hammond | $97,982 | $8,165 | $1,884 | $47 |
| Gary | $97,982 | $8,165 | $1,884 | $47 |
| Indianapolis | $95,864 | $7,989 | $1,844 | $46 |
| Greenwood | $95,824 | $7,985 | $1,843 | $46 |
| Carmel | $95,746 | $7,979 | $1,841 | $46 |
| Lafayette | $95,273 | $7,939 | $1,832 | $46 |
| Elkhart | $95,135 | $7,928 | $1,830 | $46 |
| Evansville | $93,322 | $7,777 | $1,795 | $45 |
| Fort Wayne | $91,913 | $7,659 | $1,768 | $44 |
| South Bend | $91,696 | $7,641 | $1,763 | $44 |
What Does a Commercial Loan Underwriter Do?
Commercial underwriters process loan requests from clients, structuring payment agreements and verifying all paperwork to complete financial loans.
Updated November 18, 2021
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
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Explore JobArchitectFrequently Asked Questions About a Commercial Loan Underwriter Salaries
What is the average of a Commercial Loan Underwriter in Indiana?
The Commercial Loan Underwriter salary range is from $78,674 to $107,628, and the average Commercial Loan Underwriter salary is $94,573/year in Indiana.
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.
