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Conventional Underwriter Jobs (NOW HIRING)

Bold Mortgage

Conventional Underwriter

Miami, FL · On-site

$85K/yr

One of the biggest benefits about Underwriting with PRMG is that we encourage remote Underwriting, and you can work for us from anywhere in the nation. Here at PRMG, we are big on Work Life Balance ...

Jet Direct Mortgage

Underwriter

Saddle Brook, NJ · On-site

Current CHUMS Certification with 5 + years FHA / Conventional Underwriting Experience Strong capability to work in multiple systems such as Encompass - paperless environment Knowledgeable in ...

Jet Direct Mortgage

Underwriter

Saddle Brook, NJ · On-site

... Conventional Underwriting Experience • Strong capability to work in multiple systems such as Encompass - paperless environment • Knowledgeable in regulatory, policy and compliance issues ...

Jet Direct Mortgage

Underwriter

Saddle Brook, NJ · On-site

... FHA / Conventional Underwriting Experience · Strong capability to work in multiple systems such as Encompass - paperless environment · Knowledgeable in regulatory, policy and compliance issues ...

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How much do conventional underwriter jobs pay per hour?

As of Aug 17, 2026, the average hourly pay for conventional underwriter in the United States is $37.82, according to ZipRecruiter salary data. Most workers in this role earn between $36.78 and $38.94 per hour, depending on experience, location, and employer.

What is a conventional underwriter?

A Conventional Underwriter is a financial professional who evaluates and approves or denies loan applications, specifically for conventional (non-government-backed) mortgage loans. Their main responsibilities include reviewing borrowers' credit histories, incomes, assets, and property appraisals to ensure the loan meets the lender’s and investor’s guidelines. They play a crucial role in managing risk for lenders by ensuring loans are given to qualified applicants. Conventional Underwriters often work for banks, mortgage companies, or other lending institutions. They also ensure compliance with federal and state regulations during the loan approval process.

What are the key skills and qualifications needed to thrive as a conventional underwriter?

To thrive as a Conventional Underwriter, you need a solid understanding of mortgage lending guidelines, risk assessment, and financial analysis, typically supported by a background in finance or relevant certifications like DE or SAR. Familiarity with loan origination systems (LOS), automated underwriting systems (AUS) such as DU and LP, and proficiency in spreadsheet software are commonly required. Attention to detail, strong decision-making, and effective communication are essential soft skills for evaluating complex loan files and collaborating with loan officers. These abilities ensure accurate risk assessment, regulatory compliance, and timely processing of loan applications, which are critical for successful mortgage operations.

What are some common challenges faced by conventional underwriters and how can they be managed effectively?

Conventional Underwriters often face challenges such as evaluating complex borrower profiles, keeping up with evolving lending regulations, and managing tight turnaround times for loan approvals. To manage these effectively, it's important to stay updated on current guidelines from agencies like Fannie Mae and Freddie Mac, utilize automated underwriting systems efficiently, and maintain clear communication with loan officers and processors. Building strong analytical skills and being detail-oriented can also help underwriters make informed, compliant decisions while meeting productivity goals.

What is the difference between Conventional Underwriter vs FHA Underwriter?

AspectConventional UnderwriterFHA Underwriter
CertificationsTypically requires mortgage underwriting certificationsSame certifications often required
Work EnvironmentWorks for banks, lenders, and mortgage companiesWorks for FHA-approved lenders and agencies
Industry UsageCommon in private mortgage lendingSpecific to FHA loan programs
Loan TypesConventional loans, conforming loansFHA loans, government-backed loans

While both Conventional Underwriters and FHA Underwriters assess mortgage applications, they specialize in different loan types and work within different lending frameworks. Conventional Underwriters handle private, conforming loans, whereas FHA Underwriters focus on government-backed FHA loans. Understanding these differences helps borrowers and lenders navigate the mortgage process effectively.

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What states have the most Conventional Underwriter jobs?

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Conventional Underwriter jobs near you
Infographic showing various Conventional Underwriter job openings in the United States as of August 2026, with employment types broken down into 89% Full Time, 8% Part Time, 2% Contract, and 1% Nights. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $78,666 per year, or $37.8 per hour.

Conventional Underwriter

TIB The Independent BankersBank, N.A.

Farmers Branch, TX • On-site

Full-time

Medical, Life, Retirement, PTO

Posted 5 days ago

Job description

Ranking #9 in the American Banker's 2025 Best Banks to Work For, TIB is committed to serving as Trusted Partners for community banks and our employees. We take great care to maintain a commitment to excellence and personalized service. We are dedicated to providing a diverse work environment that fosters inclusivity and growth. We offer a best-in-class benefits package that includes comprehensive health, life, and disability coverage, 401(k) retirement savings, generous paid time off, parental leave, tuition reimbursement, and other little extras to make work fun. If this aligns with your values and you want to join a leader in the banking industry, we are hiring for a Conventional Underwriter that works alongside the Government Underwriter, performing a variety of duties pertaining to the analysis of processing, underwriting and closing documents for residential mortgage loans in accordance with policies and procedures, regulations, and investor loan approval terms.
MAJOR DUTIES/ACCOUNTABILITIES
• Reviews and verifies loan applications and supporting documents; including credit reports, tax returns, paystubs, and property appraisals.
• Assesses borrower's creditworthiness and repayment ability; considering income, debt to income ratios and employment history.
• Serves as the liaison between TIB and wholesale & correspondent banks concerning documentation issues within required timelines.
• Mitigates risks by rendering and communicating decisions to wholesale & correspondent banks which includes data integrity and validity of information submitted to company and all risk factors related to credit, income, assets, appraisals, titles, and surveys.
• Determines loan approval by verifying case file data to include findings and calculations.
• Reconciles loan data by reviewing the Loan Originations and Automated Underwriting Applications Systems, and updates information when applicable.
• Monitors rate locks on loans to ensure that program, product, and other loan feature changes are consistent with LOS/AU terms and guidelines.
• Audits legal packages to ensure compliance with investor and regulatory guidelines.
• Ensures pipeline and pipeline report reflects the most current status for active loans.
• Prepares proper documents on denied or withdrawn applications and updates loan records in computer system.
• Maintains current and relevant knowledge of all guidelines, processes, and systems used within the area; including regulatory, statutory, and investor related issues.
• Maintains a pipeline of loans with responsibility for the timely and compliant flow.
• Provides excellent and consistent customer service by communicating & cooperating with all internal and external customers.
• Clears conditions within designated authority level.
• Complies with all banking laws and regulations, and maintains the confidentiality of bank and customer information.
REQUIREMENTS/DESIRED QUALIFICATIONS
Required
• High school diploma or equivalent
• 3-5 years' mortgage processing experience with both wholesale & correspondent loans
• Knowledge of AUS engines (DU and LP)
• Ideal candidate will have up-to-date knowledge of Fannie Mae/Freddie Mac underwriting requirements
• 3-5 years' document review experience
• Ability to effectively handle multiple tasks under strict time constraints
• Detail-oriented and organized
• Individual should possess good interpersonal skills and be able to work within and foster a team environment
• Ability to communicate effectively, both verbally and in writing, and across all levels
• Software: Microsoft Office (Word and Excel); Desktop Originator; Desktop Underwriter; Loan Prospector, Blue Sage Solutions LOS or equivalent
Preferred
• Bachelor's degree
• Prior Conventional Underwriting experience
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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