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Collateral Underwriter Jobs in Indiana (NOW HIRING)

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 ...

Northwest

Portfolio Manager II or III

Fishers, IN · On-site +1

$61K - $110K/yr

... collateral valuation, annual reviews, and delinquencies. Evaluation of risk associated with non ... Liaison between Commercial Banking Relationship Managers, Credit Risk, the Underwriting Team and ...

Northwest

CRE Portfolio Manager II or III

Fishers, IN · On-site +1

$61K - $110K/yr

... collateral valuation, annual reviews, and delinquencies. Evaluation of risk associated with non ... Liaison between Commercial Banking Relationship Managers, Credit Risk, the Underwriting Team and ...

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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 Aug 7, 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.

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.

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 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 August 2026, with employment types broken down into 94% Full Time, and 6% Part Time. Highlights an 94% In-person, and 6% Remote job distribution, with an average salary of $75,058 per year, or $36.1 per hour.

Commercial Real Estate Credit Underwriter

Centier Bank

Merrillville, IN • On-site

Full-time

Medical, Retirement, PTO

Re-posted 6 days ago

Job description

Recognizing and valuing diversity strengthens our ability to attract, retain and engage associates and reinforces our relationship within our communities. Our associates are the most valuable asset we have. The collective sum of the individual differences, life experiences, knowledge and talent that our associates invest in their work represents a significant part of not only our culture, but our reputation and company's achievement as well.
A Centier Associate is someone who embodies a servant heart, is unaccepting of anything less than remarkable service, and is self-motivated and driven to deliver exceptional results.
What are our values? Our Corporate values are Caring, Loyalty, Integrity, Friendship, Fun....who wouldn't want to work for an AWARD-WINNING company that's built on these pillars?
What about the perks? Access to our Marathon Health Clinics which provide FREE visits & prescriptions, Generous Paid Time Off benefit, Tuition Reimbursement, 401K match, Associate Stock Ownership Plan, Daycare Reimbursement, FREE Onsite Fitness Center/Fitness Reimbursements, Health and Wellness Programs, the ability to have a voice with our Diversity/Equity/Inclusion Council, Career Growth, Work/Life Balance, AND MORE.
Supervisory Responsibilities: This individual will assist in training less experienced analysts on occasion and will organize department projects when necessary.
Job Summary: An Underwriter 3 will prepare written loan analyses for new and existing loans for commercial relationships ranging from $1,000,000 up to the bank's legal lending limit. He or she will also monitor existing loans through financial reviews and covenant testing. Underwriter III will be expected have knowledge and experience with moderately complex commercial loans. His or her experience may be concentrated in CRE or C&I, but he or she should have significant experience with loan relationships larger than $5 million.
Essential Duties and Responsibilities:
  • Underwriter's should display independent thought to present data, conclusions and recommendations taking into account the boundaries of regulations, policies, and guidelines.
  • Collect and analyze financial information about borrowers regarding income, assets, and debts to determine the level of credit that is appropriate for complex commercial loan relationships.
  • Prepare 10-50 page written presentations for new commercial loans and renewals. Presentations include identification of strengths and weaknesses, an appropriate risk grade and recommendation regarding the loan decision. Approval will come from Loan Committee, Senior Management depending on the size of relationship
  • Conduct reviews of covenant compliance and periodic financial statements identifying appropriate response from the bank.
  • Will need to interact with lenders (and customers on occasion) to evaluate credit worthiness of new customers, potential deterioration of existing borrowers.
  • Participation in meetings with Business Bankers, and SVP's regarding commercial loans.
  • Think independently to present data, conclusions and recommendations when there may not be a predefined policy or procedure.
  • Take ownership for the bank's commercial loan portfolio to prevent, matured delinquency, payment delinquency, collateral shortfalls, and/or loan charge-offs.

Knowledge, Skills, and Abilities:
  • Adept at time management to meet strict deadlines and respond to high urgency requests from Management and/or Loan Officers
  • Ability to think critically and express conclusions in writing and verbally
  • Aptitude for quantitative analysis working with numerous variables, spreadsheets with large amounts of data, identifying/summarizing patterns and trends
  • Must be a quick study for new tasks, procedures, software/technology as well as conceptual philosophy behind a diverse set of tasks related to risk management of commercial loans.
  • Strong organizational skill sets
  • Strong attention to detail
  • Working knowledge of Microsoft Office and financial worksheets/spreads
  • Some travel required

Job Specifications/Skill Requirements:
  • Must possess working knowledge of underwriting principles for moderately complex Commercial Real Estate Loans as well as some forms of specialty lending such as Land Acquisition and Development Lending, Contractor Lending, Hotel Lending, Senior Housing Lending, Municipal Lending, or Non-Profit Lending.
  • Bachelor's Degree with significant accomplishment in finance and accounting or commensurate experience and training in credit analysis for commercial loans.
  • Minimum of 5 years of commercial lending experience with an emphasis on credit and risk management.
  • Prior completion of formal credit training either through ABA, RMA, or formal internal bank training program.

What do I do now?
  • Apply with us!
  • Refer this opening to others!

Disability Accommodation Statement
Centier Bank is an Equal Employment Opportunity/Affirmative Action employer and is committed to providing reasonable accommodations to individuals with disabilities in the employment application process. If you need an accommodation due to a disability to use our online system to apply for a position at Centier Bank, please call us at 219-755-6160 or send us an email at hrcareers@centier.com.
Equal Opportunity Employer/Disability/Veteran
Centier Bank is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
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