ZipRecruiter

Log In

1

Collateral Underwriter Jobs (NOW HIRING)

Jet Direct Mortgage

Underwriter

Saddle Brook, NJ · On-site

Underwriter Location: Saddle Brook, NJ Jet Direct Mortgage is looking for an experienced and ... of collateral analysis and understanding of appraisal & title reports • Prepare customer ...

Jet Direct Mortgage

Underwriter

Saddle Brook, NJ · On-site

Underwriter Location: Saddle Brook, NJ Jet Direct Mortgage is looking for an experienced and ... of collateral analysis and understanding of appraisal & title reports · Prepare customer ...

Jet Direct Mortgage

Underwriter

Saddle Brook, NJ

Underwriter Location: Saddle Brook, NJ Jet Direct Mortgage is looking for an experienced and ... collateral analysis and understanding of appraisal & title reports Prepare customer commitments ...

Axos Bank

FVP, Commercial Underwriter

San Diego, CA

$125K - $175K/yr

Deep understanding of collateral types and associated risks * Manages analysts through the ... Minimum 10 years of experience in commercial credit underwriting, including large/complex loan ...

Axos Bank

FVP, Commercial Underwriter

San Diego, CA · On-site

$125K - $175K/yr

Deep understanding of collateral types and associated risks * Manages analysts through the ... Minimum 10 years of experience in commercial credit underwriting, including large/complex loan ...

Jobtailor

Surety Underwriter - Customs Bonds

Schaumburg, IL · On-site

$65 - $95/hr

Underwriting bond risks within assigned parameters and authority * Drafting underwriting approval ... Handling and/or assisting with letters of credit and other collateral maintenance tasks * Preparing ...

3M HEALTHCARE

Underwriter

Dallas, TX

PNC is seeking an Underwriter I - Agency in its Multi-Family Capital group, based in Dallas, TX or ... The role involves applying independent judgment to assess credit risk, analyze loan collateral, and ...

HUNT Mortgage Corporation

Mortgage Underwriter

Buffalo, NY · On-site

$65K - $75K/yr

This role requires an underwriter who can independently analyze complex loan scenarios, exercise ... Review property and collateral documentation, including appraisals, title information, and other ...

SoFi

Condo Collateral Specialist

Charlotte, NC

The role The Collateral Condo Specialist supports the condominium loan process by coordinating ... You will work closely with Loan Officers, Operations, Underwriting, title companies, and HOA or ...

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 ...

3M HEALTHCARE

Underwriter

Dallas, TX

PNC is seeking an Underwriter I - Agency in its Multi-Family Capital group, based in Dallas, TX or ... The role involves applying independent judgment to assess credit risk, analyze loan collateral, and ...

previous page

Showing results 41-60

All JobsFinance and Insurance JobsLoan JobsLoan Counselor JobsCollateral Underwriter Jobs

Collateral Underwriter information

See salary details

$32.5K

$78.9K

$139.5K

How much do collateral underwriter jobs pay per year?

As of Aug 22, 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.

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.
More about Collateral Underwriter jobs

What cities are hiring for Collateral Underwriter jobs?

Cities with the most Collateral Underwriter job openings:

What are the most commonly searched types of Collateral Underwriter jobs?

The most popular types of Collateral Underwriter jobs are:

What states have the most Collateral Underwriter jobs?

States with the most job openings for Collateral Underwriter jobs include:

What job categories do people searching Collateral Underwriter jobs look for?

The top searched job categories for Collateral Underwriter jobs are:

Collateral Underwriter jobs near you
Infographic showing various Collateral Underwriter job openings in the United States as of August 2026, with employment types broken down into 100% Full Time. Highlights an 86% In-person, and 14% Hybrid job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Mortgage Underwriter

Teachers Federal Credit Union

Hauppauge, NY • On-site

$36 - $43.25/hr

Full-time

Dental, Vision, Retirement, PTO

Re-posted 22 days ago

Job description

Join Our Team

For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America's Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation's leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities.

Summary:

The Mortgage Underwriter reviews and evaluates residential mortgage loan applications to determine borrower eligibility, repayment ability, collateral acceptability, and overall credit risk. This role makes sound underwriting recommendations and decisions in accordance with agency, investor, regulatory, and internal lending guidelines while supporting timely loan processing and member service.

Education and/or Experience:

  • High school diploma or equivalent required
  • Minimum two years of residential mortgage underwriting experience required; additional mortgage processing, closing, or lending experience preferred
  • Experience reviewing Conventional, FHA, VA, USDA, HELOC, or Portfolio loan products preferred
  • Working knowledge of automated underwriting systems such as DU and LPA, as well as applicable manual underwriting standards, required
  • Knowledge of federal and state mortgage lending regulations, agency guidelines, investor requirements, and credit union policies required
  • Strong analytical, organizational, communication, and problem-solving skills with attention to detail required

Job Responsibilities

  • Underwrites Conventional, FHA, VA, USDA, HELOC, and Portfolio mortgage loan files in accordance with applicable guidelines and assigned authority
  • Reviews and analyzes borrower credit, income, employment, assets, liabilities, collateral, title, and supporting documentation to determine loan eligibility
  • Applies Fannie Mae, Freddie Mac, FHA, VA, USDA, investor, and internal underwriting policies when evaluating loan files
  • Issues clear and accurate underwriting decisions, conditions, suspensions, or recommendations with appropriate documentation
  • Identifies credit, compliance, fraud, and collateral-related risks and escalates concerns as appropriate
  • Reviews appraisals and collateral documentation for acceptability and compliance with applicable standards and appraisal independence requirements
  • Communicates with processors, loan officers, closers, and other internal partners to obtain required information, clarify conditions, and support timely loan decisions
  • Maintains current knowledge of mortgage underwriting guidelines, regulatory requirements, and product changes
  • Meets established turn times, productivity expectations, and quality standards while maintaining accurate file documentation
  • Performs other duties as needed upon request from immediate supervisor

Benefits of Joining the Teachers Team:

We provide a competitive compensation and benefits package that includes, but is not limited to:

  • Paid time off for vacation, personal days, and holidays
  • 401(k) company contribution
  • Teachers pays 100% of Dental & Vision premium
  • Tuition reimbursement is offered to full-time employees
  • Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

The salary for this position is $36.00 to $43.25 hourly. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility. To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers

Click here to view: California Privacy Notice

#LI-CB1

Apply