Home > Salary > Ecuador > Loan Underwriter Consumer
A loan underwriter in the consumer sector is responsible for evaluating and assessing loan applications from individuals seeking credit for personal purposes such as buying a car, funding education, or consolidating debt. Their primary role is to analyze the borrower's financial information, credit history, and employment details to determine their creditworthiness and ability to repay the loan. They review loan documentation, verify income and assets, calculate debt-to-income ratios, and assess the borrower's overall financial situation. Additionally, they ensure compliance with lending regulations and company policies, and may negotiate loan terms and conditions. Effective communication skills are essential as loan underwriters often interact with loan officers, borrowers, and other stakeholders. This occupation requires strong analytical skills, attention to detail, and the ability to make sound judgments based on risk assessment.
Estimated Yearly Salary: 185,000,025 ECS
Estimated Monthly Salary: 15,416,669 ECS
Estimated Weekly Salary: 3,557,693 ECS per week
Estimated Hourly Salary: 88,942 ECS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 14,908,241 ECS
Estimated Weekly Salary: 3,440,363 ECS per week
Estimated Hourly Salary: 86,009 ECS per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 6,566 USD
Estimated Monthly Salary: 547 USD
Estimated Weekly Salary: 126 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 185,000,025 ECS
Estimated Monthly Salary: 15,416,669 ECS
Estimated Weekly Salary: 3,557,693 ECS per week
Estimated Hourly Salary: 88,942 ECS per hour
By working as Loan Underwriter Consumer a person can save up to 295 USD per month or 3,537 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ecuador, see costs of living in Ecuador.
Estimated Yearly Salary for Loan Underwriter Consumer
Last revision of data: 2025-01-04
Data as of 2025
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Loan Underwriter Consumer salary in Ecuador
Average Yearly Salary of Loan Underwriter Consumer in Ecuador is approximately 185,000,025 ECS (6,566 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Loan Underwriter Consumer do?
A loan underwriter in the consumer sector is responsible for evaluating and assessing loan applications from individuals seeking credit for personal purposes such as buying a car, funding education, or consolidating debt. Their primary role is to analyze the borrower's financial information, credit history, and employment details to determine their creditworthiness and ability to repay the loan. They review loan documentation, verify income and assets, calculate debt-to-income ratios, and assess the borrower's overall financial situation. Additionally, they ensure compliance with lending regulations and company policies, and may negotiate loan terms and conditions. Effective communication skills are essential as loan underwriters often interact with loan officers, borrowers, and other stakeholders. This occupation requires strong analytical skills, attention to detail, and the ability to make sound judgments based on risk assessment.
Skills: Loan underwriter, Consumer lending, Credit analysis, Financial evaluation, Risk assessment, Compliance
Job industry: Finance
Job industry: Finance
How much does Loan Underwriter Consumer make?
Salary details
How much does Loan Underwriter Consumer make?Estimated Yearly Salary: 185,000,025 ECS
Estimated Monthly Salary: 15,416,669 ECS
Estimated Weekly Salary: 3,557,693 ECS per week
Estimated Hourly Salary: 88,942 ECS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 178,898,888 ECSEstimated Monthly Salary: 14,908,241 ECS
Estimated Weekly Salary: 3,440,363 ECS per week
Estimated Hourly Salary: 86,009 ECS per hour
Last revision of data: 2024-01-03Loan Underwriter Consumer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,566 USD
Estimated Monthly Salary: 547 USD
Estimated Weekly Salary: 126 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Ecuador is a country located in South America, bordered by Colombia to the north, Peru to the east and south, and the Pacific Ocean to the west. It has a population of approximately 17 million people and covers an area of about 283,561 square kilometers.
Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Loan Underwriter Consumer job salary compared to average salary in Ecuador.
Comparison shows that a person working as Loan Underwriter Consumer in Ecuador earns on average:
1.13 times the average salary (or 113% of average salary).
Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Loan Underwriter Consumer job salary compared to average salary in Ecuador.
Comparison shows that a person working as Loan Underwriter Consumer in Ecuador earns on average:
1.13 times the average salary (or 113% of average salary).
Is Loan Underwriter Consumer a well paid job?
Yes, our data show that Loan Underwriter Consumer is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Loan Underwriter Consumer?
High salary for Loan Underwriter Consumer would be somewhere between 203,500,028 ECS and 268,250,036 ECS. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Underwriter Consumer in Ecuador?
Living in Ecuador the approximate monthly expenses are: 252 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 185,000,025 ECS
Estimated Monthly Salary: 15,416,669 ECS
Estimated Weekly Salary: 3,557,693 ECS per week
Estimated Hourly Salary: 88,942 ECS per hour
By working as Loan Underwriter Consumer a person can save up to 295 USD per month or 3,537 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ecuador, see costs of living in Ecuador.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Colombia, Peru. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Loan Underwriter Consumer
Colombia is 6,750 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ecuador
(1,855,980,438 ECS per year, pre-tax.)
2. Cardiologist
(1,555,155,042 ECS per year, pre-tax.)
(1,492,481,780 ECS per year, pre-tax.)
4. Neurosurgeon
(1,451,252,556 ECS per year, pre-tax.)
(1,445,038,889 ECS per year, pre-tax.)
(1,418,984,151 ECS per year, pre-tax.)
(1,418,715,651 ECS per year, pre-tax.)
(1,416,409,138 ECS per year, pre-tax.)
9. Oncologist
(1,414,323,101 ECS per year, pre-tax.)
10. Urologist
(1,413,729,680 ECS per year, pre-tax.)
Data as of 2025Random salary:
Animal attendant (57,844,863 ECS per year, pre-tax.)
Human resources (hr), coordinator (119,465,822 ECS per year, pre-tax.)
Spot welder (90,027,327 ECS per year, pre-tax.)
Statistical assistant (192,531,700 ECS per year, pre-tax.)
Account development representative (117,831,791 ECS per year, pre-tax.)
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