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Collateral Underwriter Jobs in Michigan (NOW HIRING)

Insight HRM

SBA Underwriter - MCDC

East Lansing, MI · On-site

$55K - $70K/yr

... collateral management, and overall performance of SBA loans. Job Responsibilities: * Applies knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for accuracy ...

Bank of Ann Arbor

Credit Manager

Ann Arbor, MI · On-site

... underwriting and portfolio management. * Strong experience analyzing complex financials, global cash flow, collateral structures, and guarantor support. * Solid understanding of commercial lending ...

Bank of Ann Arbor

Credit Manager

Ann Arbor, MI · On-site

... underwriting and portfolio management. * Strong experience analyzing complex financials, global cash flow, collateral structures, and guarantor support. * Solid understanding of commercial lending ...

Bank of Ann Arbor

Credit Manager

Ann Arbor, MI

... underwriting and portfolio management. * Strong experience analyzing complex financials, global cash flow, collateral structures, and guarantor support. * Solid understanding of commercial lending ...

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Showing results 21-40

All JobsCollateral Underwriter JobsCollateral Underwriter Jobs in Michigan

Collateral Underwriter information

See Michigan salary details

$28.3K

$68.8K

$121.6K

How much do collateral underwriter jobs pay per year?

As of Aug 8, 2026, the average yearly pay for collateral underwriter in Michigan is $68,750.00, according to ZipRecruiter salary data. Most workers in this role earn between $53,200.00 and $75,800.00 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 the most commonly searched types of Collateral Underwriter jobs in Michigan? The most popular types of Collateral Underwriter jobs in Michigan are:
What are popular job titles related to Collateral Underwriter jobs in Michigan? For Collateral Underwriter jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Collateral Underwriter jobs in Michigan look for? The top searched job categories for Collateral Underwriter jobs in Michigan are:
What cities in Michigan are hiring for Collateral Underwriter jobs? Cities in Michigan with the most Collateral Underwriter job openings:
Collateral Underwriter jobs near you
Infographic showing various Collateral Underwriter job openings in Michigan as of August 2026, with employment types broken down into 88% Full Time, 9% Part Time, and 3% Contract. Highlights an 85% Physical, 5% Hybrid, and 10% Remote job distribution, with an average salary of $68,750 per year, or $33.1 per hour.

SBA Underwriter - MCDC

Insight HRM

East Lansing, MI • On-site

$55K - $70K/yr

Full-time

Posted 12 days ago

Job description

Hybrid-Remote Work Available!
Insight HRM is conducting a search for an experienced SBA Underwriter for the Michigan Certified Development Corporation (MCDC).
About MCDC:
Michigan Certified Development Corporation (MCDC) is seeking a motivated individual to fill a full-time position as an SBA Underwriter based in the East Lansing office with 2 days onsite work required and 3 days hybrid-remote work available.
MCDC is a statewide organization that has been at the heart of economic development in Michigan for over 35 years. It is authorized by the U.S. Small Business Administration (SBA) to administer SBA Loan Programs throughout the state. As the largest CDC in Michigan and one of the largest in the country, MCDC provides financing to small businesses, assisting them in growing their business, creating jobs and contributing to the overall economic growth in the state of Michigan.
MCDC offers a competitive wage and benefits package program. For additional information about MCDC visit:
Job Summary:
The SBA Underwriter utilizes their strong credit skills for evaluating SBA loan requests with responsibilities including reviewing applications to established criteria by product type, completing initial eligibility analysis, financial statement spreading, detailed analysis of repayment capacity and financial metrics, and initial credit approval package preparation. The SBA Underwriter may also provide the initial framework for various credit servicing activities, including establishing requirements for ongoing monitoring of financial statements, ratios or other performance metrics, collateral management, and overall performance of SBA loans.
Job Responsibilities:
  1. Applies knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for accuracy, completeness, and eligibility
  2. Spread and analyze financial data
  3. Assist the Loan Officers and Management in determining program eligibility
  4. Monitor and manage the collection of required documents
  5. Performs detailed analysis of financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors
  6. Reviews business and personal credit reports, as well as industry and market data
  7. Identifies and properly mitigates all risks associated with each assigned SBA application
  8. Prepares an appropriately detailed credit memorandum outlining terms and conditions for loan approval and closing, summarizing financial and business analysis, and addressing mitigation of all identified risks
  9. Package loan documents for submission to the SBA
  10. Review environmental and appraisal reports for acceptability with required laws and SBA SOP
  11. Cross-train others, as assigned.
  12. Maintains procedural documentation of relevant tasks/responsibilities.
  13. Prioritizes work according to necessity, complexity and deadlines.
  14. Understands the document collection requirements of each loan type.
  15. Demonstrates excellent working knowledge of all systems utilized by the department.
  16. Works harmoniously and collaboratively with team members to accomplish MCDC objectives.

Other: Assist with other duties as assigned. Duties, responsibilities and activities may change at any time, with or without notice.
Job Requirements:
Education: Bachelor's Degree in accounting, business, economics, finance or equivalent combination of education/experience preferred.
Certifications/Licenses: Valid Driver's License.
Required Knowledge, Skills, Abilities, Training and Experience: Minimum of 2 years of prior SBA experience, commercial loan underwriting, financial analysis or portfolio management experience preferred. Extraordinary attention to detail, organization and problem-solving abilities. Successful completion of in-house training program. Ability to work collaboratively in a team and autonomously with little guidance. Displays the confidence and competence to gain/maintain MCDC's credibility. Takes initiative to learn, develop oneself and see thing through from start to finish. Proven interpersonal, communication and computer skills; ability to operate standard office equipment such as computers, copiers, etc.
Essential Physical Requirements:
  1. Ability to converse verbally and in writing with others.
  2. Ability to utilize general office equipment, Internet and various business software programs (i.e. MS office).
  3. Ability to work flexible hours as needed.
  4. Ability to travel within the community to attend various events, conferences and meetings with occasional overnight travel.

EEO Statement:
MCDC provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Further, the company takes affirmative action to ensure that applicants are treated fairly during employment without regard to any of these characteristics. Discrimination of any type will not be tolerated.
Must pass a comprehensive Background Check.

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