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Job outlook for consumer loan underwriters in the United States
Consumer loan underwriter job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected consumer loan underwriter job growth rate is 4% from 2018-2028.
About 12,600 new jobs for consumer loan underwriters are projected over the next decade.
Consumer loan underwriter salaries have increased 0% for consumer loan underwriters in the last 5 years.
There are over 99,915 consumer loan underwriters currently employed in the United States.
There are 17,495 active consumer loan underwriter job openings in the US.
The average consumer loan underwriter salary is $53,525.
Are consumer loan underwriter jobs in demand?
Consumer loan underwriter job and salary trends over time
Consumer loan underwriter jobs over time
Consumer loan underwriter job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 99,915 | 0.03% |
| 2020 | 93,472 | 0.03% |
| 2019 | 92,247 | 0.03% |
| 2018 | 89,225 | 0.03% |
| 2017 | 85,173 | 0.03% |
Average consumer loan underwriter salary over time
Consumer loan underwriter salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $53,525 | $25.73 | +1.1% |
| 2025 | $52,948 | $25.46 | +0.4% |
| 2024 | $52,756 | $25.36 | --2.5% |
| 2023 | $54,111 | $26.02 | +1.6% |
| 2022 | $53,266 | $25.61 | +0.3% |
Consumer loan underwriter jobs by state
Most common states for consumer loan underwriters
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | Arizona | 7,016,270 | 633 | 9% |
| 2 | South Dakota | 869,666 | 75 | 9% |
| 3 | Wyoming | 579,315 | 55 | 9% |
| 4 | Colorado | 5,607,154 | 473 | 8% |
| 5 | Iowa | 3,145,711 | 237 | 8% |
| 6 | Rhode Island | 1,059,639 | 81 | 8% |
| 7 | Delaware | 961,939 | 77 | 8% |
| 8 | North Dakota | 755,393 | 62 | 8% |
| 9 | District of Columbia | 693,972 | 54 | 8% |
| 10 | Minnesota | 5,576,606 | 416 | 7% |
| 11 | Utah | 3,101,833 | 225 | 7% |
| 12 | Maine | 1,335,907 | 87 | 7% |
| 13 | Vermont | 623,657 | 41 | 7% |
| 14 | Illinois | 12,802,023 | 761 | 6% |
| 15 | Kansas | 2,913,123 | 166 | 6% |
| 16 | Montana | 1,050,493 | 67 | 6% |
| 17 | Alaska | 739,795 | 43 | 6% |
| 18 | California | 39,536,653 | 1,821 | 5% |
| 19 | North Carolina | 10,273,419 | 533 | 5% |
| 20 | Michigan | 9,962,311 | 477 | 5% |
Most common cities for consumer loan underwriters
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Rockville | 4 | 6% | $59,557 |
| 2 | Laurel | 1 | 4% | $59,673 |
| 3 | Mount Vernon | 1 | 3% | $57,497 |
| 4 | Beverly | 1 | 2% | $56,291 |
| 5 | Lakewood | 1 | 2% | $58,434 |
| 6 | Pittsburgh | 2 | 1% | $61,752 |
| 7 | Salt Lake City | 2 | 1% | $43,106 |
| 8 | Bend | 1 | 1% | $55,184 |
| 9 | Canton | 1 | 1% | $57,274 |
| 10 | Fort Collins | 1 | 1% | $52,356 |
| 11 | Pasadena | 1 | 1% | $59,920 |
| 12 | Phoenix | 1 | 0% | $48,049 |
| 13 | Tampa | 1 | 0% | $52,882 |
Consumer Loan Underwriter job outlook: Expert opinions
Our panel of consumer loan underwriter experts
Insurance Information Institute
Are there any particularly good places in the United States for Consumer Loan Underwriters to find work opportunities?
Janet Ruiz: Underwriting jobs may be found at corporate home offices, specialized field offices, or regional offices of insurance companies. Insurance broker agencies also have underwriting positions. Commercial Business and Specialty, Auto and Homeowners insurance all use underwriters.