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Bank Underwriting Jobs in Riverside, CA (NOW HIRING)

Orion Lending

Be Seen First

Mortgage Regional Underwriting Manager

Orange, CA · Remote

Company Mission Orion Lending is a Nationwide Mortgage Banker, founded by proven industry leaders ... Position Summary The Regional Underwriting Manager is responsible for managing all underwriters to ...

Quantum Electronic Payments

Underwriter I

Anaheim, CA · On-site

$50K - $60K/yr

Previous experience in merchant services, banking, lending, credit, fraud prevention, risk, financial services, or a related field preferredMerchant underwriting experience is helpful but not ...

First Citizens Bank

Business Banker

Mission Viejo, CA

$128K - $196K/yr

This associate engages bank partners to provide a full range of deposit and related business ... Established COI's and referral sources Financial analysis and credit underwriting skills Knowledge ...

Quantum Electronic Payments

Underwriter I

Anaheim, CA

$50K - $60K/yr

Previous experience in merchant services, banking, lending, credit, fraud prevention, risk, financial services, or a related field preferred * Merchant underwriting experience is helpful but not ...

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All JobsBank Underwriting JobsBank Underwriting Jobs in Riverside, CA

Bank Underwriting information

See Riverside, CA salary details

$13

$23

$34

How much do bank underwriting jobs pay per hour?

As of Aug 8, 2026, the average hourly pay for bank underwriting in Riverside, CA is $23.74, according to ZipRecruiter salary data. Most workers in this role earn between $19.57 and $26.83 per hour, depending on experience, location, and employer.

What is bank underwriting?

Bank underwriting is the process by which a financial institution evaluates the risk of lending money to a borrower or insuring an individual or asset. Underwriters review credit history, financial information, and other factors to determine whether an applicant qualifies for a loan or insurance and under what terms. This process helps banks minimize risk and maintain sound lending practices. Underwriting can apply to mortgages, personal loans, business loans, and other financial products.

Do bank underwriters make a lot of money?

Bank underwriters typically earn a median annual salary that is competitive within the financial industry, with salaries varying based on experience, location, and the size of the institution. Entry-level underwriters may earn less, while experienced professionals with certifications can earn higher salaries, often supplemented by bonuses and benefits. Overall, it is considered a well-paying role for those with relevant skills and industry knowledge.

What is the difference between Bank Underwriting vs Loan Officer?

AspectBank UnderwritingLoan Officer
Primary RoleAssessing and evaluating loan applications to determine risk and approvalSelling loan products and guiding applicants through the application process
Required CredentialsTypically requires underwriting certifications, finance or banking experienceSales and customer service skills, sometimes mortgage licensing
Work EnvironmentOffice-based, working with loan documents and risk analysisOffice or branch, interacting directly with clients
Industry UsageCommon in banking and financial institutionsCommon in mortgage and lending companies

Bank Underwriting focuses on evaluating loan applications for risk, while Loan Officers primarily assist clients in applying for loans and promoting loan products. Both roles are integral to the lending process but differ in responsibilities and daily tasks.

Is bank underwriting a good career to get into?

Bank underwriting is a stable career that involves assessing the risk of loan applications and requires strong analytical skills and attention to detail. It often offers opportunities for advancement and requires knowledge of financial statements and credit analysis. The role typically involves regular office hours and may require relevant certifications or training.

What does a bank underwriter do at a bank?

A bank underwriter evaluates loan applications by analyzing borrowers' financial information, credit history, and collateral to determine the risk of lending. They use financial models and guidelines to approve, modify, or deny loan requests, ensuring compliance with bank policies and regulatory standards. Strong analytical skills and knowledge of financial software are essential for this role.

What are the key skills and qualifications needed to thrive as a bank underwriter, and why are they important?

To thrive as a Bank Underwriter, you need a solid understanding of financial analysis, risk assessment, and relevant lending regulations, often supported by a degree in finance, accounting, or a related field. Familiarity with loan origination systems, credit scoring software, and compliance tools is typically required, and certifications like Certified Residential Underwriter (CRU) can be advantageous. Strong analytical thinking, attention to detail, and effective communication are essential soft skills for evaluating complex financial information and explaining decisions. These skills ensure accurate risk evaluation and regulatory compliance, which are critical for protecting the bank's assets and maintaining sound lending practices.

What are some common challenges faced by bank underwriters, and how can they be managed?

Bank underwriters frequently encounter challenges such as assessing incomplete or inconsistent financial information, managing tight deadlines, and balancing risk with customer service. To manage these issues, underwriters rely on strong analytical skills, effective communication with loan officers and applicants for clarification, and staying up-to-date with regulatory requirements. Collaborating closely with credit analysts and using advanced underwriting tools can also help streamline the evaluation process and ensure accurate risk assessment.
What are popular job titles related to Bank Underwriting jobs in Riverside, CA? For Bank Underwriting jobs in Riverside, CA, the most frequently searched job titles are:
What job categories do people searching Bank Underwriting jobs in Riverside, CA look for? The top searched job categories for Bank Underwriting jobs in Riverside, CA are:
What cities near Riverside, CA are hiring for Bank Underwriting jobs? Cities near Riverside, CA with the most Bank Underwriting job openings:
Bank Underwriting jobs near you
Infographic showing various Bank Underwriting job openings in Riverside, CA as of August 2026, with employment types broken down into 85% Full Time, 14% Part Time, and 1% Contract. Highlights an 94% Physical, 3% Hybrid, and 3% Remote job distribution, with an average salary of $49,371 per year, or $23.7 per hour.

Underwriting Manager

Quantum Electronic Payments

Anaheim, CA • On-site

$100K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 16 days ago

Job description

Unlock Your Potential with Quantum ePay® We're a growing fintech company focused on delivering innovative payment processing solutions and merchant technology that helps businesses lower costs, earn more, and operate with confidence.
We are looking for an experienced Underwriting Manager to lead the day-to-day operations of our merchant underwriting department. This role will oversee application quality, turnaround times, team performance, escalated decisions, and adherence to company and sponsor bank requirements.
This is a hands-on leadership role for someone who can manage and develop a team while remaining actively involved in complex underwriting decisions. The ideal candidate understands merchant acquiring risk, communicates well across departments, and can create the structure and accountability needed to support responsible company growth.
RESPONSIBILITIES
  • Lead, coach, and develop the underwriting team, including workload distribution, performance management, training, and department coverage
  • Monitor application volume, turnaround times, accuracy, quality, and overall team performance
  • Review and make decisions on complex, elevated-risk, high-volume, or escalated merchant applications
  • Serve as the primary escalation point for underwriting exceptions and higher-risk decisions
  • Evaluate credit, financial, fraud, operational, and reputational risk in line with company and sponsor bank requirements
  • Recommend reserves, funding controls, volume restrictions, processing limits, or other risk-mitigation measures when appropriate
  • Review underwriting decisions and documentation for accuracy, consistency, and adherence to established guidelines
  • Identify emerging fraud patterns, portfolio concerns, process gaps, and opportunities for improvement
  • Maintain and update underwriting policies, procedures, decision matrices, and training materials
  • Partner with Risk, Compliance, Sales, Operations, Accounting, and Executive Leadership to resolve application concerns and support business needs
  • Support sponsor bank reviews, internal audits, quality sampling, and compliance examinations
  • Track and report on department metrics, application trends, approval rates, pend rates, declines, and quality findings
  • Support hiring, onboarding, and development of underwriting team members
  • Perform additional duties as assigned

QUALIFICATIONS
  • Advanced knowledge of merchant acquiring, payment processing, credit underwriting, and portfolio risk
  • Strong understanding of sponsor bank requirements, card-brand rules, fraud indicators, chargeback exposure, and merchant business models
  • Proven ability to lead, coach, and hold a team accountable
  • Strong experience reviewing complex financial statements, tax returns, bank statements, credit reports, processing histories, and ownership structures
  • Ability to make sound, timely, and defensible decisions involving elevated or conflicting risk factors
  • Strong understanding of underwriting controls such as reserves, delayed funding, volume limits, average-ticket limits, and conditional approvals
  • Excellent leadership, communication, and interpersonal skills
  • Ability to communicate risk decisions effectively to sales teams, agents, executives, and external partners
  • Strong analytical, organizational, and process-improvement skills
  • Ability to manage competing priorities in a fast-paced, high-volume environment
  • Strong documentation and reporting skills
  • Proficiency with Microsoft Office, Adobe Acrobat, CRM platforms, and third-party underwriting systems

EDUCATION AND EXPERIENCE
  • Five or more years of merchant services underwriting experience required
  • Two or more years of underwriting leadership, supervisory, or team-lead experience required
  • Experience managing application queues, quality reviews, employee performance, and underwriting escalations required
  • Experience working directly with sponsor banks, compliance teams, or risk leadership preferred
  • Experience developing underwriting procedures, training materials, or decisioning standards preferred
  • Experience using TSYS systems preferred
  • Bachelor's degree in finance, accounting, business, economics, or a related field preferred
  • Equivalent combinations of education and directly related experience may be considered

SALARY:
This role includes biannual profit-sharing bonuses as part of a total compensation package, in addition to a full range of medical, dental, retirement planning, and/or other benefits.
  • Base salary range: $85,000 - $100,000
  • Salary including quarterly profit-sharing bonus and comprehensive benefits program range (annualized): $ 109,725- $ 127,725

WHY WORK HERE?
  • Awarded Top Workplace of Orange County by the OC Register
  • Flex PTO!
  • New state of the art, open-concept facility with stand-up desks, balance boards, stationary bikes and more!
  • Work hard, play hard culture!
  • Monthly Beer Socials and BBQs!
  • Proven "promote from within" mentality!
  • Benefit offerings:
    • Medical, dental, vision, acupuncture and chiropractic
    • 401k Safe Harbor; 100% employer match processed semi-monthly, up to 4%
    • Profit Sharing; paid on a biannual basis

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