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Bank Underwriter Jobs (NOW HIRING)

M&T Bank

Business Banking Underwriter I

Wilmington, DE

$24.87 - $41.45/hr

Interact with loan underwriters, bank office managers, various SBA personnel, and external customers throughout the underwriting process. Research M&T Bank systems for the status of loan and deposit ...

M&T Bank

Business Banking Underwriter I

Wilmington, DE · On-site

$24.87 - $41.45/hr

Interact with loan underwriters, bank office managers, various SBA personnel, and external customers throughout the underwriting process. Research M&T Bank systems for the status of loan and deposit ...

CIBC US

Private Banking Underwriter

Chicago, IL · Hybrid

We're building a relationship-oriented bank for the modern world. We need talented, passionate ... As a senior underwriter, you will also provide guidance to junior underwriters and act as a subject ...

CIBC

Private Banking Underwriter

Chicago, IL · On-site

We're building a relationship-oriented bank for the modern world. We need talented, passionate ... As a senior underwriter, you will also provide guidance to junior underwriters and act as a subject ...

CIBC

Private Banking Underwriter

Chicago, IL · Hybrid

We're building a relationship-oriented bank for the modern world. We need talented, passionate ... As a senior underwriter, you will also provide guidance to junior underwriters and act as a subject ...

Susser Bank

Senior Underwriter

Dallas, TX · On-site

$97K - $115K/yr

Position Summary Susser Bank, a rapidly growing, entrepreneurial Texas regional bank, is seeking a seasoned Senior Underwriter with deep expertise in both Commercial & Industrial (C&I) and Commercial ...

First Bank

Commercial Underwriter

Newport Beach, CA · On-site

$96K - $125K/yr

About this Role The Commercial Banking Underwriter serves as a critical control within the bank's credit risk management framework and is responsible for the independent risk assessment of commercial ...

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How much do bank underwriter jobs pay per year?

As of Jun 15, 2026, the average yearly pay for bank underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

Does an underwriter make good money?

Bank underwriters typically earn a median annual salary that varies by experience and location, with entry-level positions starting around $50,000 and experienced underwriters earning over $80,000. Compensation often includes benefits and opportunities for bonuses based on performance and workload. Strong analytical skills and industry certifications can influence earning potential.

What is the job of an underwriter at a bank?

A bank underwriter evaluates loan applications and assesses the risk of lending money to individuals or businesses. They review financial documents, credit histories, and other relevant information to determine whether to approve or deny a loan, ensuring the bank's financial safety. Strong analytical skills and knowledge of lending policies are essential for this role.

What are the typical daily responsibilities of a Bank Underwriter?

As a Bank Underwriter, your daily responsibilities typically involve reviewing loan applications, analyzing financial data and credit reports, and assessing the risk involved in lending to individual or business clients. You will collaborate closely with loan officers, analysts, and sometimes directly with clients to clarify documentation or address outstanding questions. Additionally, you are responsible for ensuring all approvals comply with bank policies and regulatory requirements. The role requires balancing efficiency with careful risk evaluation to support sound lending decisions and maintain the bank’s financial health.

What are the key skills and qualifications needed to thrive in the Bank Underwriter position, and why are they important?

To thrive as a Bank Underwriter, you need strong analytical skills, a solid understanding of credit risk assessment, and often a bachelor's degree in finance, accounting, or a related field. Familiarity with loan origination systems, credit scoring tools, and potentially certifications like Certified Mortgage Underwriter (CMU) can be important assets. Superior attention to detail, effective communication, and sound judgment help underwriters make informed decisions and convey findings clearly to stakeholders. These skills ensure that lending decisions minimize risk for the bank while providing excellent service to borrowers.

What does a Bank Underwriter do?

A Bank Underwriter evaluates loan applications to assess the risk of lending money to individuals or businesses. They review financial documents, credit history, and other factors to determine if a borrower is eligible for a loan. Their goal is to ensure that loans comply with regulations and minimize financial risk for the bank. Bank Underwriters use financial analysis, credit scoring models, and industry guidelines to make informed decisions.

Can I become an underwriter with no experience?

Bank underwriters typically need some background in finance, banking, or related fields, but entry-level positions may be available for candidates with strong analytical skills and a willingness to learn. Gaining relevant certifications or training can improve chances, and on-the-job training is common for new underwriters. Prior experience is not always required for entry-level roles, but understanding financial documents and risk assessment is beneficial.

Is underwriting a stressful job?

Bank underwriters assess loan applications and evaluate financial risk, which can involve high-pressure decision-making and meeting strict deadlines. The job can be stressful during busy periods or when dealing with complex cases, but it also offers structured processes and tools to manage workload effectively.
More about Bank Underwriter jobs
What cities are hiring for Bank Underwriter jobs? Cities with the most Bank Underwriter job openings:
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Bank Underwriter jobs near you
Infographic showing various Bank Underwriter job openings in the United States as of June 2026, with employment types broken down into 2% As Needed, 12% Full Time, and 86% Part Time. Highlights an 95% Physical, 3% Hybrid, and 2% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.
Business Banking Underwriter I

Business Banking Underwriter I

M&T Bank

Wilmington, DE

$24.87 - $41.45/hr

Full-time

Posted 17 days ago

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 180 frontline employees who took The Breakroom Quiz

67th of 141 rated banks

Job description

Overview:

Evaluate commercial loan/lease applications received primarily through the branch network channel. Adjudicate primarily new credit requests (of $25,000 or less) in accordance with designated approval authority with group credits and/or renewals (up to $100,000). Prepare credit analysis for commercial loan applications and enter credit applications into the credit system for underwriter review.  Conduct credit investigations, and prepare loan packages for underwriters and SBA officers for more complex and/or non-routine deals.

Primary Responsibilities:
  • Evaluate commercial loan/lease applications received primarily through branch network channel (and potentially via our online channel assuming future functionality). Credit facilities include secured and unsecured term loans, commercial mortgages, lines of credit, letters of credit and equipment leases. Evaluate each loan applicant's financial condition, cash flow and credit history in order to make appropriate loan decisions within individual lending authority.
  • Initiate and process credit requests in credit system for underwriters.
  • Interact with loan underwriters, bank office managers, various SBA personnel, and external customers throughout the underwriting process.  Research M&T Bank systems for the status of loan and deposit accounts, and enter into the credit system.
  • Understanding of governmental credit support available to small business loans (SBA programs) is required.  Review proposed loan packages for SBA eligibility following SBA program guidelines, policies and procedures for more complex and/or non-routine deals.
  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite.  Identify risk-related issues needing escalation to management.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.
Scope of Responsibilities:

Incumbent is to ensure customer credit requests are processed in accordance with bank policy, compliance and Business Banking underwriting guidelines in a timely manner that supports the bank's ability to deliver superior customer service. This allows the department to deliver high customer service as evidenced with a short turnaround time, which has a direct effect on the Department's ability to meet its Service Level Agreements.

Education and Experience Required:

Bachelor's degree in Business Administration and one year commercial or business banking underwriting or related credit processing experience or in lieu of a degree, a combined minimum of 5 years higher education and/or work experience to include one year commercial or business banking underwriting or related credit processing experience.

Education and Experience Preferred:

Working knowledge or financial statements, tax returns, and credit reports.

Requires knowledge of Microsoft Excel and Word.

Self-motivated, well organized and positive demeanor.

Strong verbal and written communication skills coupled with attractive negotiation skills.

Ability to work under critical time constraints.

Ability to function professionally at many different levels (clients, management, peers, etc). Consistently maintain a high level of professionalism and service when dealing with various loan and lease sources.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $24.87 - $41.45 Hourly (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.LocationWilmington, Delaware, United States of America

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