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Collateral Underwriter Jobs in Michigan (NOW HIRING)

Huntington

Portfolio Manager - Healthcare

Detroit, MI

$70K - $140K/yr

Primary responsibilities include underwriting quality, portfolio monitoring and portfolio ... Portfolio administration, including management of delinquencies, collateral exceptions, borrowing ...

Huntington

Portfolio Manager - Healthcare

Detroit, MI · On-site

$70K - $140K/yr

Primary responsibilities include underwriting quality, portfolio monitoring and portfolio ... Portfolio administration, including management of delinquencies, collateral exceptions, borrowing ...

Fifth Third

CRE Portfolio Manager II

Grand Rapids, MI · On-site

... underwriting experience with income-producing, construction, and REITs in various asset classes * Strong credit analysis skills, including cash flow, guarantor, collateral, and repayment source ...

ChoiceOne Bank

Loan Review Analyst

Kent City, MI · On-site

... collateral information for diverse types of loans, including ascertaining an appropriate loan ... Has a thorough understanding of underwriting, coverages and rating procedures. Judgment - Displays ...

ChoiceOne Bank

Loan Review Analyst

Fenton, MI · On-site

... collateral information for diverse types of loans, including ascertaining an appropriate loan ... Has a thorough understanding of underwriting, coverages and rating procedures. Judgment - Displays ...

ChoiceOne Bank

Loan Review Analyst

Fenton, MI · On-site

... collateral information for diverse types of loans, including ascertaining an appropriate loan ... Has a thorough understanding of underwriting, coverages and rating procedures. Judgment - Displays ...

ChoiceOne Bank

Loan Review Analyst

Kent City, MI · On-site

... collateral information for diverse types of loans, including ascertaining an appropriate loan ... Has a thorough understanding of underwriting, coverages and rating procedures. Judgment - Displays ...

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Showing results 41-60

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 Sep 2, 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 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 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, 8% Part Time, 3% Contract, and 1% Nights. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $68,750 per year, or $33.1 per hour.

Commercial Real Estate Loan Officer

MRINetwork Jobs

Detroit, MI • On-site

Full-time

Re-posted 11 days ago

Job description

Actively seeking a Commercial Real Estate Loan Officer to solicit new CRE loan business through a network of brokers, business owners, and investors.

RESPONSIBILITIES : 

  • Will solicit and coordinate the closing of commercial loans; responsible for commercial loan business development and to act as the bank’s contact with commercial loan clients, brokers, and contractors.
  • Will provide guidance to potential developers relating to partnership agreements, collateral, feasibility studies, and vacancy rate factors, if applicable.
  • Will provide service to prospective commercial loan customers and interview applicants to develop information concerning their needs, credit, stability, earnings, and potential income to the property to assist in determining whether the commercial loan package will be an acceptable risk.
  • Will obtain and analyze pertinent financial and credit data on all partners involved in the project; will arrange for the appraisal of the property and/or feasibility study of bare land to be developed.
  • Will review commercial loan packages for completeness of documents and compliance with bank policy, regulatory requirements, and secondary market lending parameters.
  • Responsible for notification of commercial loan applicant(s) of all requests, which do not conform to current lending guidelines.
  • Will be responsible for maintaining a high level of working knowledge relating to all types of commercial loans.
  • Will maintain all financial/loan data in confidence.

Job Requirements

  • Bachelor's degree or equivalent work experience
  • Five or more years of commercial real estate lending experience
  • Fluent in the principles of CRE underwriting
  • In depth understanding of occupancy and rent trends in local markets
  • Comfortable with technology supporting sales management, marketing, pricing, initial underwriting, pipeline management and loan performance tracking
  • Familiar with loan products and pricing of local competitors

For further consideration towards this and/or other opportunities please inquire confidentially to mike@scsacramento.com  or call 916-850-2437.  All inquiries held in strict confidence.  Thank you for your interest.