Loan Underwriter I Salary in Springfield, Missouri
Loan Underwriter I Salary in Springfield, MO
How much does a Loan Underwriter I make in Springfield, MO? The average Loan Underwriter I salary in Springfield, MO is $54,331 as of March 26, 2024, but the range typically falls between $46,588 and $61,677. 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.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Loan Underwriter I Salary | $39,539 | Springfield,MO | March 26, 2024 |
| 25th Percentile Loan Underwriter I Salary | $46,588 | Springfield,MO | March 26, 2024 |
| 50th Percentile Loan Underwriter I Salary | $54,331 | Springfield,MO | March 26, 2024 |
| 75th Percentile Loan Underwriter I Salary | $61,677 | Springfield,MO | March 26, 2024 |
| 90th Percentile Loan Underwriter I Salary | $68,366 | Springfield,MO | March 26, 2024 |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
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.
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).
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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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.
What does a Loan Underwriter I do?
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Loan Underwriter I Pay Difference by Location
Loan Underwriter I salary varies from city to city. Compared with national average salary of Loan Underwriter I, the highest Loan Underwriter I salary is in San Francisco, CA, where the Loan Underwriter I salary is 25.0% above. The lowest Loan Underwriter I salary is in Miami, FL, where the Loan Underwriter I salary is 3.5% lower than national average salary.
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About Springfield, Missouri
Similar Jobs to Loan Underwriter I
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Loan Underwriter II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Loan Underwriter III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Loan Underwriter IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Level of Education for Loan Underwriter I
Jobs with different levels of education may pay very differently. Check the Loan Underwriter I salary of your education level.
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About Springfield, Missouri Springfield is the third-largest city in the state of Missouri and the county seat of Greene County. As of the 2010 census, its population was 159,498....More
Springfield, Missouri area prices were up 1.3% from a year ago View the Cost of Living in Springfield, Missouri
Loan Underwriter I Salary in popular cities: Kansas City, Saint Louis, Independence
Skills associated with Loan Underwriter I: Banking Software, Loan Authorization, Data Collection, Banking Products ...More
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