Consumer Underwriter Salary in Chicago, IL

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How much does a Consumer Underwriter make in Chicago, IL? The average Consumer Underwriter salary in Chicago, IL is $56,569 as of March 26, 2024, but the salary range typically falls between $50,041 and $61,764. 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.

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Salary range for a Consumer Underwriter

$50,041 to $61,764

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Consumer Underwriter

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Job Openings for Consumer Underwriter in Chicago, IL

Consumer Underwriter

Kleberg Bank, N.A. - Corpus Christi , TX

The Consumer Underwriter I position requires an aptitude toward sales, analytics and problem solving. The ability to "Think outside the box" and creatively are a must. This position supports the ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 23 days ago

Lead Credit Underwriting Specialist

Watercress Financial Group LLC - West Des Moines , IA

This elevated role combines the analytical rigor of consumer credit underwriting with the leadership qualities needed to guide and enhance our underwriting team's capabilities. The selected candidate ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 2 days ago

Junior Consumer Loan Underwriter (On-Site)

Educational Federal Credit Union - Miami , FL

The Consumer Loan Underwriter provides underwriting of new consumer loans. The function includes the review of a member's loan request and review of all supporting documentation used for the ...

ZipRecruiter - 24 days ago

Senior Consumer Loan Underwriter (non-mortgage)

Ascendo Resources - Miami , FL

... underwriting consumer requests within COMPANY and industry guidelines. You are also responsible for timely turnaround on applications as well as for performance of loans written. You must be a ...

LinkedIn - 9 days ago

Senior Manager, Consumer Lending

S3 Shared Services - Englewood , CO

The Senior Manager will oversee the operations of consumer lending including, but not limited to processing, leasing, underwriting, funding (direct and indirect functions), servicing, titles, and ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 65 days ago

Consumer Loan Underwriter

First New York Federal Credit Union - Albany , NY

Utilize good judgment and underwriting skills to quickly evaluate loan applications for risk and approve loan requests, which are structured to perform and meet member needs. DUTIES AND ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 69 days ago

What does a Consumer Underwriter do?

Common responsibilities of a Consumer Underwriter

Maintains general ledger accounts and spreadsheets for fees, verifies the accuracy of bills received and prepares various reports for use by the Supervisor and Senior Underwriter.

November 25, 2022

Demonstrate flexibility and adaptability by being able to discern between conflicting priorities and reprioritize as business needs dictate.

January 16, 2023

Assists branch personnel with technical problems and questions relating to complicated products and regulations.

January 30, 2023

Following established policies, procedures and guidelines, the Consumer Lending Central Underwriter is responsible for quickly making decisions on all member consumer loan applications referred for decision that originate from the Branches, MSC and eLending.

February 08, 2023

Responds promptly to member loan inquiries, informs members of the loan underwriting decision, and suggests alternatives regarding submission of the loan request for consideration.

March 02, 2023

Communicate loan decision and any required conditions, within the defined approval authority parameters, to applicable loan support staff, branches staff, and/or the member.

March 11, 2023

Prepares complete and accurate documents required for each loan product, evaluates the sufficiency of collateral offered, and verifies that required documents have been received and are complete.

March 11, 2023

Provides quarterly branch visits for training and helps draft articles for the newsletter for updates and questions from branches regarding lending procedures.

April 26, 2023

Performs recurring contact with automobile dealers, resolves complaints, reconciles GL accounts related to lending and refers more complex problems to the Senior Underwriter or the Manager of Consumer Lending.

May 02, 2023

Review all loan components in the consumer loan application to include but not limited to completeness, accuracy and integrity while ensuring that documents are consistent and uphold to Company and Industry guidelines.

May 19, 2023

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Consumer Underwriter Salary By Experience Levels in Chicago, IL

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Consumer Underwriter Salary By Level of Education in Chicago, IL

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LEVEL OF EDUCATION

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Average Salary Range for Consumer Underwriter in Chicago, IL

Average Base Salary

Core compensation

50041

61764

56569

Average Total Cash Compensation

Includes base and annual incentives

51295

65639

58269

What is the average salary for Consumer Underwriter in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Consumer Underwriter in Chicago, IL. The base salary for Consumer Underwriter ranges from $50,041 to $61,764 with the average base salary of $56,569. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $51,295 to $65,639 with the average total cash compensation of $58,269.

View Average Salary for Consumer Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$56,569	$50,041 - $61,764
Bonus	$1,700	$1,253 - $3,875
Total Pay	$58,269	$51,295 - $65,639

* 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.

Consumer Underwriter Salary Near Chicago, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Chicago, IL
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $50,323 - $62,111	COMPARE TO Chicago, IL
CITY, STATE Oak Park, IL	AVERAGE SALARY RANGE $50,323 - $62,111	COMPARE TO Chicago, IL
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $50,265 - $62,041	COMPARE TO Chicago, IL
CITY, STATE Evanston, IL	AVERAGE SALARY RANGE $50,304 - $62,088	COMPARE TO Chicago, IL
CITY, STATE Skokie, IL	AVERAGE SALARY RANGE $50,304 - $62,088	COMPARE TO Chicago, IL
CITY, STATE Arlington Heights, IL	AVERAGE SALARY RANGE $49,177 - $60,698	COMPARE TO Chicago, IL

See salaries for Consumer Underwriter in locations close to Chicago, IL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

View Salary for Similar Jobs to Consumer Underwriter in Chicago, IL

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Consumer Loan Underwriter	LOCATION Chicago, IL	MINIMUM SALARY $50,041	MAXIMUM SALARY $61,764
JOB TITLE Consumer Lending Underwriter	LOCATION Chicago, IL	MINIMUM SALARY $62,825	MAXIMUM SALARY $82,715
JOB TITLE Loan Underwriter I	LOCATION Chicago, IL	MINIMUM SALARY $54,361	MAXIMUM SALARY $71,968
JOB TITLE Loan Underwriter II	LOCATION Chicago, IL	MINIMUM SALARY $66,216	MAXIMUM SALARY $86,903
JOB TITLE Loan Underwriter III	LOCATION Chicago, IL	MINIMUM SALARY $79,291	MAXIMUM SALARY $104,450
JOB TITLE Underwriter	LOCATION Chicago, IL	MINIMUM SALARY $89,068	MAXIMUM SALARY $115,041

The Consumer Underwriter job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Chicago, IL that might be a good fit for the type of job and salary you are looking for.

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50041

61764

About Chicago, Illinois Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois area prices were up 0.8% from a year ago

Consumer Underwriter Salary in popular cities: Aurora, Rockford, Joliet

Recently searched related titles: Financial Center Lending Officer, Indirect Loan Officer, Client Onboarding Associate

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

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