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Collateral Underwriter Jobs in Indiana (NOW HIRING)

Cypress HCM

Commercial Underwriter IV

Carmel, IN · Hybrid

Commercial Underwriter IV Locatio n: Indianapolis, IN 46240 (Hybrid - Office Tues, Wed,Thurs.....WF ... review collateral performance. * Legal Documentation: Oversee and negotiate loan closing ...

DMC Insurance, Inc.

Underwriting Assistant

Indianapolis, IN · On-site

$18.75 - $25.50/hr

Issue policies, endorsements, collateral and all related forms in a timely and accurate fashion ... Prepare underwriting documentation forms and workbooks and enter general information, including ...

PNC Bank

Underwriter IV- Sr. Housing

Indianapolis, IN · On-site

$86K - $172K/yr

... collateral strength and financial worthiness of loan/transaction parties. If relevant, performs ... Coaches and/or reviews the work of other underwriters and fills in for manager as required.

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All JobsCollateral Underwriter JobsCollateral Underwriter Jobs in Indiana

Collateral Underwriter information

See Indiana salary details

$30.9K

$75.1K

$132.7K

How much do collateral underwriter jobs pay per year?

As of Jul 15, 2026, the average yearly pay for collateral underwriter in Indiana is $75,058.00, according to ZipRecruiter salary data. Most workers in this role earn between $58,000.00 and $82,800.00 per year, depending on experience, location, and employer.

Do I need a degree to be a loan underwriter?

A degree is not strictly required to become a collateral underwriter, but many employers prefer candidates with a bachelor's degree in finance, real estate, or related fields. Relevant skills such as knowledge of appraisal processes, financial analysis, and familiarity with underwriting software are also important for the role.

What are red flags for underwriters?

Red flags for collateral underwriters include inconsistent or incomplete documentation, discrepancies in property or borrower information, and signs of potential fraud or misrepresentation. These issues can indicate higher risk and may require further investigation or additional collateral review. Attention to detail and thorough analysis are essential to identify such red flags effectively.

What are some typical challenges faced by Collateral Underwriters, 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.

What is the highest paying underwriting job?

Senior or executive-level underwriting roles, such as Chief Underwriting Officer or Vice President of Underwriting, tend to be the highest paying in the industry. These positions require extensive experience, leadership skills, and often involve overseeing large portfolios or strategic decision-making, resulting in higher compensation compared to entry- or mid-level underwriting jobs.

What is a Collateral Underwriter job?

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

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 does a collateral underwriter do?

A collateral underwriter evaluates the value and risk of collateral assets, such as real estate or equipment, to determine their adequacy for securing a loan. They review appraisal reports, financial documents, and property details, often using specialized software, to ensure the collateral meets lending criteria and mitigate risk for lenders.
What are popular job titles related to Collateral Underwriter jobs in Indiana? For Collateral Underwriter jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Collateral Underwriter jobs in Indiana look for? The top searched job categories for Collateral Underwriter jobs in Indiana are:
Collateral Underwriter jobs near you
Infographic showing various Collateral Underwriter job openings in Indiana as of July 2026, with employment types broken down into 100% Full Time. Highlights an 92% In-person, and 8% Remote job distribution, with an average salary of $75,058 per year, or $36.1 per hour.
Commercial Underwriter IV

Commercial Underwriter IV

Cypress HCM

Carmel, IN • Hybrid

Full-time

Posted 14 days ago

Job description

Commercial Underwriter IV
Location: Indianapolis, IN 46240 (Hybrid – Office Tues, Wed,Thurs…..WFH Mon, Fri)
Pay: $115,000-140,000 (Compensation can vary depending on experience) ND Bonus up to 10%
General Overview
The Commercial Loan Underwriter is responsible for conducting thorough financial analyses, risk evaluations, and due diligence to assess and recommend commercial loan approvals within the lines of business. This position works closely with the Executive Director, Director of Underwriting, and the Loan Committee to structure, underwrite, and manage complex and high-value credit relationships.
Responsibilities
  • Financial Analysis & Credit Assessment: Evaluate commercial loan applications, analyze credit data, and determine applicants' creditworthiness, ensuring compliance with Bank Lending Policy. Formulate structured recommendations for complex loans ($2.5MM - $20MM) that may require approval from the Senior Credit Committee.
  • Credit Memo Preparation: Develop and present credit memorandums for new and renewal requests on large and intricate credit lines.
  • Loan Approval Authority: Utilize individual lending authority to approve or deny credit requests, managing high-level loan decisions within the underwriting team.
  • Due Diligence Coordination: Lead on-site due diligence visits to borrower locations, collaborating with external partners such as accounting and valuation firms when necessary.
  • Loan Portfolio Management: Partner with the Servicing team to monitor loan portfolios, ensure adherence to financial covenants, conduct risk rating assessments, and review collateral performance.
  • Legal Documentation: Oversee and negotiate loan closing documentation, ensuring all pre-funding conditions are satisfied.
  • Industry Training: Build expertise in the financing domains and deliver training both internally and externally.
  • Team Support: Manage loan pipeline, mentor junior underwriters, and assist with team coordination as needed.
  • Special Projects: Support various special projects as directed.
Requirements
  • Experience: 7–10 years of experience in commercial lending and/or credit underwriting, with a focus on commercial relationships of $5MM or greater.
  • Education: Bachelor’s degree in Accounting, Finance, Economics, Business Administration, or related fields; a Master’s in Business is preferred but not required.
  • Skills:
    • Strong mathematical and financial analysis capabilities
    • Proficient in advanced accounting principles
    • Excellent interpersonal and communication skills
    • Expertise in financial software, including BRIDGE and Microsoft Office
    • Certifications (Preferred): Certified banking credit analyst or equivalent training.
  • May supervise and train junior underwriters, providing guidance and mentorship.
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About Cypress HCM

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We deliver consistently superior recruiting by virtue of trusting, communicative relationships with companies and candidates alike. From Fortune 100s to startups, clients lean on us to fulfill their range of needs from contract to full-time positions. With an intimate knowledge of the industries we serve, a keen sense of what makes for high-performing talent in any role, and shared sense of urgency, our clients will tell you: your solution begins here.

Industry

Recruiting and staffing services

Company size

51 - 200 Employees

Headquarters location

Walnut Creek, CA, US

Year founded

2005

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