How much does a Loan Underwriter I make in Maine? The average Loan Underwriter I salary in Maine is $58,803 as of March 26, 2024, but the range typically falls between $50,423 and $66,754. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Loan Underwriter I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Underwriter I Salary $42,793 ME March 26, 2024
25th Percentile Loan Underwriter I Salary $50,423 ME March 26, 2024
50th Percentile Loan Underwriter I Salary $58,803 ME March 26, 2024
75th Percentile Loan Underwriter I Salary $66,754 ME March 26, 2024
90th Percentile Loan Underwriter I Salary $73,994 ME March 26, 2024
25% $50,423 10% $42,793 90% $73,994 75% $66,754 $58,803 50%(Median) Didn’t find job title? Click
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What skills does a Loan Underwriter I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

3.

Commercial Banking: Is a profit oriented banking by providing loans to customers and charging interest. The bank’s funds come from money deposited by the bank customers in saving accounts, checking accounts, money market accounts, and certificates of deposit (CDs).

Analysis 18.65%
Microsoft Office 2.14%
Commercial Banking 1.03%
Others 78.18%

Job Description for Loan Underwriter I

Loan Underwriter I reviews loan applications and related documentation to determine loan eligibility and terms. Analyzes financial information provided and collects additional documentation as necessary. Being a Loan Underwriter I provides loan options, terms, or other product recommendations based on qualifications. Assists customers through the loan process by researching and answering customer inquiries, clarifying details, and coordinating with internal parties. Additionally, Loan Underwriter I typically requires a bachelor's degree. Typically reports to a supervisor or manager. The Loan Underwriter I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Loan Underwriter I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Underwriter I in Maine

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Location Avg. Salary Date Updated
Location Saco, ME Avg. Salary $59,649 Date Updated March 26, 2024
Location Windham, ME Avg. Salary $59,709 Date Updated March 26, 2024
Location Abbot, ME Avg. Salary $57,292 Date Updated March 26, 2024
Location Acton, ME Avg. Salary $61,160 Date Updated March 26, 2024
Location Addison, ME Avg. Salary $57,292 Date Updated March 26, 2024
Location Albion, ME Avg. Salary $57,292 Date Updated March 26, 2024
Location Alfred, ME Avg. Salary $60,858 Date Updated March 26, 2024
Location Alna, ME Avg. Salary $59,165 Date Updated March 26, 2024
Location Andover, ME Avg. Salary $59,165 Date Updated March 26, 2024
Location Anson, ME Avg. Salary $57,292 Date Updated March 26, 2024

Career Path for Loan Underwriter I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Loan Underwriter I, the upper level is Loan Underwriter II and then progresses to Loan Underwriter IV.

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Loan Underwriter I Salary in Maine
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