The Insider's Guide to Loan Underwriter Salaries: Uncover the Top Figures Today


The Insider's Guide to Loan Underwriter Salaries: Uncover the Top Figures Today

A loan underwriter salary is the compensation that a loan underwriter receives for their work. Loan underwriters are responsible for assessing the risk of lending money to borrowers and making decisions about whether or not to approve loans. They typically have a bachelor’s degree in finance or a related field, and they must be licensed by the state in which they work. Loan underwriting can be a rewarding career, as it offers the opportunity to help people achieve their financial goals and make a difference in their lives.

The median annual salary for loan underwriters was $63,420 in May 2021, according to the U.S. Bureau of Labor Statistics. The lowest 10 percent earned less than $41,470, and the highest 10 percent earned more than $102,550. Loan underwriters who work in metropolitan areas tend to earn higher salaries than those who work in rural areas. They may also earn bonuses and commissions, depending on their performance.

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