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Fraud Underwriter Jobs (NOW HIRING)

TLO INC

Senior Underwriter

Encino, CA

$103K - $122K/yr

... fraud and merchant risk; and communicate results to partner clients - all while actively advocating and monitoring compliance. Key Responsibilities Credit Risk Assessment * Conduct detailed credit ...

Plaza Home Mortgage, Inc.

Non-QM Underwriter

San Diego, CA · Remote

$43.27 - $55.29/hr

The Non-QM Underwriter is responsible for evaluating and decisioning mortgage applications that ... Identify red flags, layered risk, or potential fraud indicators in loan documentation. * Provide ...

Plaza Home Mortgage, Inc.

Non-QM Underwriter

San Diego, CA · On-site

$43.27 - $55.29/hr

The Non-QM Underwriter is responsible for evaluating and decisioning mortgage applications that ... Identify red flags, layered risk, or potential fraud indicators in loan documentation. * Provide ...

Kurvpay

$70 - $80/hr

... fraud and merchant risk; and communicate results to partner clients - all while actively advocating and monitoring compliance. Key ResponsibilitiesCredit Risk Assessment * Conduct detailed credit ...

Beeline Loans, Inc.

Mortgage Underwriter

Providence, RI · On-site

$70 - $100/hr

Mortgage Underwriter We are seeking a skilled and detail-oriented Underwriter to join our team. As ... fraud or misrepresentation. * Demonstrate proficiency in analyzing various types of tax returns.

PaymentCloud Inc.

Senior Underwriter

Los Angeles, CA · On-site

$70 - $80/hr

... fraud and merchant risk; and communicate results to partner clients - all while actively advocating and monitoring compliance. Key ResponsibilitiesCredit Risk Assessment * Conduct detailed credit ...

Kurvpay

Senior Underwriter

California, MO · On-site

$70 - $80/hr

... fraud and merchant risk; and communicate results to partner clients - all while actively advocating and monitoring compliance. Key ResponsibilitiesCredit Risk Assessment * Conduct detailed credit ...

Guild Mortgage Company

Underwriter III

Knoxville, TN · On-site

$65 - $90/hr

Position Summary The Underwriter III plays an important role in the organization by performing a ... fraud or misrepresentation. * Review appraisals to ensure that loans meet secondary market ...

WoodmenLife

Advanced Underwriter

Omaha, NE · On-site +1

$60K - $90K/yr

Advanced Underwriter WoodmenLife is looking to hire an Advanced Underwriter to join our team! In ... Identifies potential fraud/misrepresentations. Advises appropriate individual/areas on these cases ...

SoFi

Home Equity Underwriter

Frisco, TX · On-site

Identify potential risk, fraud, or documentation concerns and escalate appropriately. * Collaborate ... Demonstrated full-file underwriting ownership across credit, income, assets, collateral, conditions ...

woodmenlife

Advanced Underwriter

Advanced Underwriter WoodmenLife is looking to hire an Advanced Underwriter to join our team! In ... Identifies potential fraud/misrepresentations. Advises appropriate individual/areas on these cases ...

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Fraud Underwriter information

See salary details

$32.5K

$78.9K

$139.5K

How much do fraud underwriter jobs pay per year?

As of Sep 6, 2026, the average yearly pay for fraud 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 does a fraud underwriter do?

A Fraud Underwriter is responsible for reviewing financial transactions, loan applications, or insurance claims to identify and prevent fraudulent activity. They analyze documentation, verify customer information, and use specialized tools to detect signs of fraud. Their work helps protect organizations from financial losses and ensures compliance with regulatory standards. Fraud Underwriters often collaborate with other departments, such as compliance and legal teams, to investigate suspicious cases and recommend appropriate actions.

What are some typical challenges a fraud underwriter faces when assessing high-risk applications?

Fraud Underwriters often encounter the challenge of quickly identifying sophisticated fraudulent schemes while balancing the need to provide a positive customer experience. They must stay updated on emerging fraud patterns and use both analytical tools and intuition to flag suspicious activities. Collaborating with cross-functional teams such as compliance, operations, and customer service is essential to ensure thorough investigations and minimize financial losses. The fast-paced environment requires strong attention to detail and adaptability as fraud tactics continuously evolve.

What are the key skills and qualifications needed to thrive as a fraud underwriter, and why are they important?

To thrive as a Fraud Underwriter, you need strong analytical skills, attention to detail, and a background in finance or risk management, often supported by a relevant degree or experience in banking. Familiarity with fraud detection software, credit analysis tools, and case management systems is typically required. Excellent problem-solving abilities, critical thinking, and effective communication set top performers apart in this field. These skills are vital for accurately identifying suspicious activity, mitigating financial losses, and maintaining trust in financial institutions.

What is the difference between Fraud Underwriter vs Claims Adjuster?

AspectFraud UnderwriterClaims Adjuster
Primary RoleDetects and evaluates potential insurance fraud risks during policy underwritingInvestigates and settles insurance claims, assessing damages and liability
Required CredentialsInsurance licenses, underwriting certifications, analytical skillsInsurance licenses, claims handling certifications, investigative skills
Work EnvironmentOffice-based, analytical, risk assessment focusField and office-based, investigative and customer service focus
Industry UsageInsurance companies, underwriting firmsInsurance companies, claims departments

While both roles operate within the insurance industry and require analytical skills, Fraud Underwriters focus on identifying potential fraud risks during policy issuance, whereas Claims Adjusters handle the investigation and settlement of claims after a loss occurs. Understanding these differences helps in choosing the right career path or job search focus.

More about Fraud Underwriter jobs

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

The most popular types of Fraud Underwriter jobs are:

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

The top searched job categories for Fraud Underwriter jobs are:

Fraud Underwriter jobs near you
Infographic showing various Fraud Underwriter job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 18% Part Time, and 1% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Senior Underwriter

ELECTRONIC MERCHANT SYSTEMS LLC

Encino, CA • On-site

$70K - $80K/yr

Other

Posted 18 days ago

Key responsibilities

  • Review, analyze, and make credit risk decisions and recommendations for merchant applications and existing merchant accounts, focusing on medium and high-risk merchants.

  • Evaluate forward-delivery risk exposure and recommend approval terms such as reserves, escrows, or collateral requirements.

  • Serve as an escalation point and provide guidance to junior underwriters on complex or high-risk applications.

Job description

The primary focus of the Senior Merchant Underwriter is to review, analyze, and make confident credit risk decisions and recommendations for merchant applications and existing merchant accounts, with an emphasis on medium and high-risk; including high volume, e-commerce, and forward-delivery business models eg. Travel.
The ideal candidate is a qualified and experienced payments underwriter with a proven track record with underwriting high-risk merchants in a timely manner, and who is comfortable operating with significant independent decision authority while also supporting the development of less experienced team members.
The successful candidate will understand and apply best-practice guidelines; collect and analyze credit exposure; respond effectively to internal and external requests; maintain organizational and professional ethical standards; spot trends in synthetic fraud and merchant risk; and communicate results to partner clients - all while actively advocating and monitoring compliance.
Key Responsibilities
Credit Risk Assessment
  • Conduct detailed credit / financial analysis of merchants which have forward delivery exposure such as travel, furniture, and consulting services.
  • Evaluate forward-delivery risk exposure - i.e., risk arising when a merchant collects payment in advance of delivering products/services - and recommend appropriate approval terms such as reserve, escrow, or collateral requirements.
  • Prepare detailed reports and present findings and recommendations to senior management.

Risk Mitigation Decision Making & Authority
  • Mitigate risk with approval terms including recommending periodic reviews, reserve levels, or processing limits.
  • Provide recommendations for approval to higher management when applications fall outside personal authority limits.
  • Work closely with the transaction risk team to ensure credit decisions align with transaction processing and ongoing account risk.

Team Support & Mentorship
  • Serve as an escalation point and subject-matter resource for Underwriter I/II staff on complex or high-risk applications.
  • Review and provide QA feedback on underwriting decisions made by junior team members as needed.
  • Assist in training new underwriters on risk factors and underwriting methodology for high-risk merchants.

Relationship Management
  • Build and maintain strong relationships with key stakeholders, including sales partners, sponsor banks, and internal teams.

Compliance and Reporting
  • Ensure all underwriting activities comply with company policy, card network rules, industry regulations, and legal requirements.
  • Maintain accurate records of credit decisions and ensure proper documentation of all underwriting activities.

Job Requirements
  • 5+ years of payments / merchant underwriting experience, including a minimum of 3 years managing high risk and/or high-volume merchants.
  • Demonstrated experience analyzing individual and company credit reports and interpreting financial statements.
  • Working knowledge of card network high-risk/high-brand-risk merchant monitoring programs and related compliance obligations.
  • Thorough understanding of merchant risk fees, dispute processes, and network registration requirements.
  • Strong analytical and financial review skills
  • Strong written and verbal communication skills, including experience presenting findings to senior management.
  • Demonstrated ability to mentor or provide guidance to junior underwriting staff.
  • Bachelor's degree in Business, Finance, or related field preferred (or equivalent work experience).
  • Ability to operate independently under designated approval authority while maintaining sound judgment and compliance standards.
  • Underwrite and decision applications in a fast-paced environment, meeting departmental SLAs while maintaining accuracy.

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