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Collateral Underwriter Jobs (NOW HIRING)

Choice Mortgage Group

Senior Underwriter

Boca Raton, FL · On-site +1

$93K - $110K/yr

Responsibilities • Underwriter completes a thorough analysis of loan files to determine ... collateral for residential mortgage loans and ultimately ensures an "investment" quality loan ...

Moder Solutions

Underwriter

Review and underwrite loan files with a focus on the 4 Cs ... Credit, Capacity, Collateral, and Capital. * Evaluate loan applications to determine borrower ...

Moder Solutions

Underwriter

Review and underwrite loan files with a focus on the 4 Cs ... Credit, Capacity, Collateral, and Capital. * Evaluate loan applications to determine borrower ...

Moder Solutions

Underwriter

Review and underwrite loan files with a focus on the 4 Cs ... Credit, Capacity, Collateral, and Capital. * Evaluate loan applications to determine borrower ...

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 ...

Moder Solutions

Underwriter

Summary: The Conventional Underwriter is responsible for performing a comprehensive review and ... Complete review of Collateral and property valuation to identify physical and market conditions of ...

Cornerstone Capital Bank

Underwriter

Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ... Assists in the development of underwriting standards. * Assists mortgage production team in ...

LBC Mortgage

Underwriter

California City, CA · Remote

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

LBC Mortgage

Underwriter

Los Angeles, CA · Remote

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

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Collateral Underwriter information

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$32.5K

$78.9K

$139.5K

How much do collateral underwriter jobs pay per year?

As of Jul 15, 2026, the average yearly pay for collateral underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 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.
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Collateral Underwriter jobs near you
Infographic showing various Collateral Underwriter job openings in the United States as of July 2026, with employment types broken down into 96% Full Time, 3% Part Time, and 1% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.
Mortgage Underwriter

Mortgage Underwriter

Southeast Mortgage of Georgia Inc

Duluth, GA • On-site

Full-time

Re-posted yesterday

Job description

Description:

The Mortgage Underwriter is responsible for reviewing and evaluating residential mortgage loan applications to determine borrower creditworthiness, collateral value, and overall compliance with investor, agency, and company guidelines. This role requires thorough analysis, sound judgment, and strict adherence to regulatory requirements to ensure high-quality loan decisions.

Requirements:
  • Evaluate and underwrite complex residential mortgage loans (Conventional, FHA, and VA) in strict compliance with agency and investor guidelines.
  • Utilize your CHUMS ID and SAR authority to review, sign off on, and issue clear approvals or denials on government files.
  • Analyze complicated financial profiles, including self-employed borrowers, complex tax returns, asset statements, and comprehensive credit histories.
  • Assess property appraisals to verify market value and ensure collateral meets risk requirements.
  • Collaborate efficiently with local processors and loan officers to resolve complex file conditions while maintaining absolute risk integrity.

Qualifications

  • Experience: Minimum of 5+ years of active residential mortgage underwriting experience with a regional or national lender.
  • Designations: Active FHA Direct Endorsement (DE) with CHUMS ID and VA Staff Appraisal Reviewer (SAR) status are strictly required.
  • Technology: High proficiency operating Encompass or similar core Loan Origination Systems (LOS), as well as Desktop Underwriter (DU) and Loan Product Advisor (LPA).
  • Location: Must reside within commuting distance of our Georgia office to accommodate the hybrid weekly schedule.