Commercial Credit Underwriter Salary
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How much does a Commercial Credit Underwriter make? The average Commercial Credit Underwriter salary is $62,104 as of June 27, 2024, but the salary range typically falls between $56,420 and $71,005. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary range for an Commercial Credit Underwriter
$56,420 to $71,005
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What does a Commercial Credit Underwriter do?
Common responsibilities of a Commercial Credit Underwriter
Performs credit administration, financial analysis, monitoring and due diligence review of various financial packages and loan originations for the association and other reports as requested by management.
April 10, 2023
Completes required participation allocations based upon an understanding of requirements of combining loans for legal lending limit considerations and assesses appropriate level of approval required for each request.
December 06, 2022
Provides an independent assessment of credit risk by identifying loan risks and mitigating waivers or deviations from established policies and procedures by utilizing loan enhancements when applicable.
February 01, 2023
Works with limited oversight, to appropriately and timely underwrite credit and develop the appropriate credit structure in relationship to the credit risk.
February 21, 2023
Prepare preliminary loan opportunity assessments for term sheet proposals, as well as completion of in-depth credit approval packages for final signature authorities.
March 01, 2023
Obtains and reviews Compliance Certificates, Borrowing Base Certificates, and associated receivable, payable, and inventory reports on a timely basis.
March 18, 2023
Monitors client financial condition through review of periodic financial statements, covenant compliance, and personal investigation of conditions in the industry, marketplace, competition and industry.
March 24, 2023
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Explore JobArchitectCommercial Credit Underwriter Salary in Major Cities
This chart shows the salary comparison for Commercial Credit Underwriter between major cities. San Francisco City consistently ranks #1 as of June 27, 2024. Click on the chart to see the detail salary data for Commercial Credit Underwriter in each city.
Commercial Credit Underwriter Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
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- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Commercial Credit Underwriter Salary by City
Click to see the salary for Commercial Credit Underwriter in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $77,630 |
| Washington, DC | $69,122 |
| Miami, FL | $59,930 |
| Chicago, IL | $65,147 |
| Boston, MA | $69,619 |
| New York, NY | $72,538 |
| Dallas, TX | $61,297 |
If you'd like know Commercial Credit Underwriter Salary in other cities, then please select a city in
Average Salary Range for Commercial Credit Underwriter
Average Base Salary
Core compensation
56420
71005
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Commercial Credit Underwriter in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Credit Underwriter in the United States. The base salary for Commercial Credit Underwriter ranges from $56,420 to $71,005 with the average base salary of $62,104. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $58,757 to $75,076 with the average total cash compensation of $64,413.
View Average Salary for Commercial Credit Underwriter as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $62,104 | $56,420 - $71,005 |
| Bonus | $2,309 | $2,337 - $4,071 |
| Total Pay | $64,413 | $58,757 - $75,076 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
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Comments about Commercial Credit Underwriter
What's the difference between Commercial Credit Analyst Underwriter and Commercial Credit Underwriter?
According to our latest salary estimation on June 27, 2024. The average salary of Commercial Credit Underwriter is $62,104, and the average salary of Commercial Credit Analyst Underwriter is $73,603. The average salary of Commercial Credit Analyst Underwriter is higher than Commercial Credit Underwriter. ( 2024-06-27 salary.com )
I am a Commercial Credit Underwriter, which location’s salary is higher, Auburn, AL or Bentonville, AR?
Bentonville, AR typically sees higher pay than Auburn, AL for Commercial Credit Underwriter. a Commercial Credit Underwriter Salary in Bentonville, AR is $56,142 as of June 27, 2024; a Commercial Credit Underwriter Salary in Auburn, AL is $54,776 as of June 27, 2024. ( 2024-06-27 salary.com )
Commercial Credit Underwriter Frequently Asked Questions
Why does the salary of a Commercial Credit Underwriter vary from city to city?
The cost of living is tied to salaries.
If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there.
This is why you're always going to make more money in New York City for example, than in a small town. ( 2024-06-27 salary.com )
What are the Pay Factors for Commercial Credit Underwriter?
Salary ranges for a Commercial Credit Underwriter can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience.
Click here to view Eight Factors That Can Affect Your Pay ( 2024-06-27 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company,
but there are several important pay factors that come into play based on your individual history that could impact your value to the company.
Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2024-06-27 salary.com )
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Last Update: June 27, 2024