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Collateral Underwriter Jobs in California (NOW HIRING)

LBC Mortgage

Senior Underwriter

Los Angeles, CA · On-site

$106K - $125K/yr

Independently underwrite and approve Hard Money / Private Money loans (Fix & Flip, Bridge, DSCR ... Analyze collateral, appraisals, comps, market conditions, rehab budgets, and timelines * Calculate ...

LBC Mortgage

Senior Underwriter

California City, CA · On-site

$120K - $142K/yr

Independently underwrite and approve Hard Money / Private Money loans (Fix & Flip, Bridge, DSCR ... Analyze collateral, appraisals, comps, market conditions, rehab budgets, and timelines * Calculate ...

LBC Mortgage

Senior Underwriter

Orange, CA · On-site

$105K - $124K/yr

Independently underwrite and approve Hard Money / Private Money loans (Fix & Flip, Bridge, DSCR ... Analyze collateral, appraisals, comps, market conditions, rehab budgets, and timelines * Calculate ...

LBC Mortgage

Senior Underwriter

Los Angeles, CA · On-site

$106K - $125K/yr

Independently underwrite and approve Hard Money / Private Money loans (Fix & Flip, Bridge, DSCR ... Analyze collateral, appraisals, comps, market conditions, rehab budgets, and timelines * Calculate ...

Kings Mortgage Services

Underwriter

Santa Ana, CA

$85K - $95K/yr

This role analyzes borrower creditworthiness, income, assets, collateral, and overall loan risk to make sound underwriting decisions while maintaining service level expectations. Key Responsibilities

NovaFi Mortgage, Inc.

Underwriter

Santa Ana, CA · On-site +1

This role analyzes borrower creditworthiness, income, assets, collateral, and overall loan risk to make sound underwriting decisions while maintaining service level expectations. Key Responsibilities

Axos Bank

FVP, Commercial Underwriter

San Diego, CA

$125K - $175K/yr

Deep understanding of collateral types and associated risks * Manages analysts through the ... Minimum 10 years of experience in commercial credit underwriting, including large/complex loan ...

Axos Bank

FVP, Commercial Underwriter

San Diego, CA · On-site

$125K - $175K/yr

Deep understanding of collateral types and associated risks * Manages analysts through the ... Minimum 10 years of experience in commercial credit underwriting, including large/complex loan ...

Golden Bank NA

Loan Underwriting Officer

Alhambra, CA · On-site

Analyzes financial statements, cash flow, collateral, and repayment capacity to assess overall creditworthiness. * Identifies key credit risks and provides well-supported underwriting recommendations.

LBC Mortgage

Underwriter

Los Angeles, CA · On-site +1

Assess borrower creditworthiness, financial statements, tax returns, cash flow, and collateral * Perform risk analysis and make sound underwriting decisions * Ensure loans meet internal policies ...

Griffin Funding, Inc.

Non-QM Underwriter

San Diego, CA · On-site +1

$90K - $110K/yr

This role involves comprehensive analysis of borrower capacity, collateral, and creditworthiness ... Actively underwrite assigned Non-QM loan files, issuing approvals, suspenses, or conditions in ...

Genesis Capital

Credit Underwriter

Sherman Oaks, CA · On-site

$80K - $130K/yr

The Credit Underwriter will evaluate the underlying project (collateral) as well as perform a financial analysis of the borrower and guarantor(s). The Credit Underwriter is responsible for managing ...

Homexpress Mortgage Corp

Underwriter

Santa Ana, CA · On-site

$70K - $80K/yr

Assisting Underwriters as needed to move pipeline in a forward trajectory * Verify completeness of ... Analyze all areas of the mortgage loan application; including credit, income, assets, collateral ...

HomeXpress Mortgage Corp

Underwriter

Santa Ana, CA · On-site +1

$70K - $80K/yr

Assisting Underwriters as needed to move pipeline in a forward trajectory * Verify completeness of ... Analyze all areas of the mortgage loan application; including credit, income, assets, collateral ...

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All JobsCollateral Underwriter JobsCollateral Underwriter Jobs in California

Collateral Underwriter information

See California salary details

$32.1K

$77.8K

$137.7K

How much do collateral underwriter jobs pay per year?

As of Aug 22, 2026, the average yearly pay for collateral underwriter in California is $77,846.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,200.00 and $85,900.00 per year, depending on experience, location, and employer.

What is a collateral underwriter?

A Collateral Underwriter is responsible for evaluating the value and risk associated with real estate used as loan collateral. They analyze appraisal reports, market trends, and regulatory guidelines to ensure accuracy and compliance. Their role helps lenders mitigate risks by determining whether a property's valuation supports the loan amount. Strong analytical skills and knowledge of underwriting guidelines are essential for this position.

What skills and qualifications are needed to be a collateral underwriter?

To thrive as a Collateral Underwriter, a solid background in real estate valuation, risk analysis, and loan underwriting—often supported by a bachelor’s degree in finance, business, or a related field—is essential. Familiarity with industry-standard appraisal software, loan origination systems (LOS), and knowledge of regulatory guidelines like USPAP and FNMA/FHLMC standards are typically required. Strong analytical thinking, attention to detail, and effective written and verbal communication skills help set top performers apart. These skills ensure accurate collateral evaluation, sound risk mitigation, and smooth collaboration with loan officers, appraisers, and compliance teams.

What challenges do collateral underwriters face and how are they addressed?

Collateral Underwriters often encounter challenges such as complex property valuations, incomplete or inconsistent documentation, and tight deadlines for loan approvals. Addressing these issues typically involves close collaboration with appraisers, borrowers, and internal teams to gather accurate data and ensure thorough due diligence. Utilizing up-to-date technology and maintaining a strong understanding of market conditions and regulatory changes can help underwriters make informed decisions. Developing excellent organizational and communication skills also aids in managing workflow and resolving issues efficiently. Being proactive and adaptable is key to overcoming day-to-day hurdles in this important risk management role.

Is it hard to become a collateral underwriter?

Becoming a collateral underwriter typically requires a bachelor's degree in finance, real estate, or a related field, along with strong analytical skills and knowledge of loan and collateral evaluation. Gaining experience through internships or entry-level positions in lending or underwriting can also be helpful; certifications like the Certified Commercial Investment Member (CCIM) may enhance prospects. The role involves detailed analysis and attention to detail, but the difficulty varies based on individual background and training.

What are the most commonly searched types of Collateral Underwriter jobs in California?

The most popular types of Collateral Underwriter jobs in California are:

What are popular job titles related to Collateral Underwriter jobs in California?

For Collateral Underwriter jobs in California, the most frequently searched job titles are:

What job categories do people searching Collateral Underwriter jobs in California look for?

The top searched job categories for Collateral Underwriter jobs in California are:

Collateral Underwriter jobs near you
Infographic showing various Collateral Underwriter job openings in California as of August 2026, with employment types broken down into 78% Full Time, 11% Part Time, and 11% Contract. Highlights an 89% In-person, and 11% Remote job distribution, with an average salary of $77,846 per year, or $37.4 per hour.

Collateral Operations Analyst

Superbeo

San Francisco, CA • On-site

Contractor

Re-posted 28 days ago

Job description

Job Title: Collateral Operations Analyst

Job Location: San Francisco, CA 94104, Hybrid (hybrid work schedule, Tuesday and Wednesday, at the  Offices)

Job Duration: 3 months (Poosibility of extension)

Job Summary:

  • This role involves providing analytical and technical support to member banks regarding mortgage collateral processes, particularly focusing on Mortgage Collateral Update (MCU) files that contain updated information on pledged loan collateral.
  • This position requires interfacing with internal technical support teams to ensure proper handling of confidential information contained in mortgage collateral files. 

Primary Responsibilities:

  • Create and maintain customized mortgage collateral update files
  • The role involves creating and gathering customer specifications for mortgage collateral update (MCU) files while collaborating with members to review test results.
  • This position requires coordinating and writing user acceptance criteria through JIRAs and conducting testing with each customer to validate data integrity.
  • The analyst provides technical support and troubleshooting assistance to enable members to process their MCU files, along with ongoing support for members' data files and maintenance of data maps.
  • Additionally, the role includes conducting market research and supporting changes to criteria data requirements to ensure compliance with the Bank's collateral risk framework.

Skills/Knowledge:

  • This role requires a strong understanding of financial data, particularly notes, and the ability to identify discrepancies such as receiving an adjustable rate when a fixed rate is expected.
  • The ideal candidate will be proficient in reading and interpreting bank notes, extracting relevant information, and accurately compiling that data into organized Excel spreadsheets for presentation to management.
  • This includes the ability to recognize anomalies and inconsistencies within financial documents, ensuring data integrity and facilitating informed decision-making
  • Candidate must possess comprehensive financial skills including knowledge of agency and non-agency securities, secondary market expertise, and understanding of residential/commercial real estate origination, underwriting, servicing, and mortgage-backed securities pricing. 
  • Experience with banking institutions such as CDFIs, Housing Authorities, Regulatory Agencies (Federal Reserve, FHFA, FHLMC,FNMA, OCC, FDIC), Commercial Banks, GSIBs, Banks or Credit Unions is highly valued. 
  • The position requires familiarity with eVault systems and electronic note management for handling Pledged eNotes and MERS eRegistry transactions.  
  • Strong knowledge of mortgage collateral validation processes, document authentication, and SMART Doc implementation standards is essential.
  • Technical proficiency should include Salesforce, SharePoint, Oracle, Power BI, Tableau, SQL, SAS, advanced Microsoft applications, Excel functions (VLOOKUP, Pivot Tables, IF Functions), Crystal Reports, PowerPoint, and Word.

 Qualifications: 

  • 2 to 3 years minimum experience with a financial institution
  • Intermediate to advance Microsoft Excel skills