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Loan Underwriter Jobs (NOW HIRING)

1st Financial Bank USA

Loan Underwriter

Sioux Falls, SD · On-site

Loan Underwriter Location: Sioux Falls, SD (This is an on-site position) Builder Finance Inc. (BFI) is the growing lender to homebuilders and housing investors. Launched in 2014, BFI now has several ...

NMSI, Inc.

Mortgage Loan Underwriter

Los Angeles, CA

$60K - $80K/yr

NO REMOTE POSITION AVAILABLE Currently looking for an experienced Mortgage Loan Underwriter. Interested candidates must have at least 3 - 5 years' experience as a Mortgage Loan Underwriter.

Robert Half

Commercial Loan Underwriter

Hartford, CT · On-site

Commercial Loan Underwriter Hartford, CT Contact: Brittany Rizzo / Brittany.Rizzo@roberthalf.c0m Reference ID: BR0013480307 Position Summary The Commercial Loan Underwriter is responsible for ...

RiverBank

Commercial Loan Underwriter

Spokane, WA · On-site

$86K - $103K/yr

The Commercial Loan Underwriter assesses borrower capacity, cash flow, collateral, guarantor support, repayment sources, covenant compliance, and industry risks to develop sound credit ...

RiverBank

Commercial Loan Underwriter

Spokane, WA

The Commercial Loan Underwriter assesses borrower capacity, cash flow, collateral, guarantor support, repayment sources, covenant compliance, and industry risks to develop sound credit ...

RiverBank

Commercial Loan Underwriter

Spokane, WA · On-site

The Commercial Loan Underwriter assesses borrower capacity, cash flow, collateral, guarantor support, repayment sources, covenant compliance, and industry risks to develop sound credit ...

CPCU/SFCU

Consumer Loan Underwriter

Norwich, CT · On-site

Consumer Loan Underwriter Department: Consumer Lending Reports To: VP, Lending FLSA Status: Non-Exempt Location: Bozrah 350 Salem Tpke- Onsite This is a full-time 37.50 hour work week. Monday-Friday ...

LiftFund

Business Loan Underwriter

San Antonio, TX

Summary The Business Loan Underwriter is responsible for analyzing, underwriting, and recommending approval or denial of small business and SBA 7(a) loan applications in accordance with ...

New

Triumph-HR

Residential Loan Underwriter

Walpole, MA · On-site

$32.68 - $38.93/hr

Residential Loan Underwriter Location: Walpole, MA Employment Type: Full-time | On-site Are you an experienced mortgage underwriter with exceptional attention to detail and a strong understanding of ...

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Loan Underwriter information

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How much do loan underwriter jobs pay per hour?

As of Aug 21, 2026, the average hourly pay for loan underwriter in the United States is $30.00, according to ZipRecruiter salary data. Most workers in this role earn between $25.00 and $33.17 per hour, depending on experience, location, and employer.

What is a loan underwriter?

A loan underwriter is responsible for approving or denying loan applications. It’s your job to perform a risk assessment on each applicant by evaluating their income, credit history, and assets. You are responsible for ensuring each approved borrower has the financial capability to repay their mortgage or loan. Job duties involve reviewing loan applications, analyzing credit data and financial information, and preparing risk analysis reports. You then communicate your decision directly to the lender to explain exactly how and why you approved the application. You also have a say in the total amount and terms of the loan.

What is a loan underwriter?

A loan underwriter is a financial professional who evaluates and assesses the risk of lending money to individuals or businesses. They review loan applications, analyze credit reports, verify income and employment information, and determine if applicants meet the necessary criteria for loan approval. Loan underwriters play a crucial role in ensuring that loans are granted to borrowers who are likely to repay, helping financial institutions minimize risk. Their decisions are based on established guidelines and industry standards, and they may work with various types of loans such as mortgages, auto loans, or personal loans.

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

To thrive as a Loan Underwriter, you need strong analytical skills, attention to detail, and a solid understanding of financial principles, typically supported by a degree in finance, business, or a related field. Familiarity with automated underwriting systems (AUS), risk assessment tools, and regulatory compliance is essential, with certifications like Certified Mortgage Underwriter (NAMU-CMU) being advantageous. Excellent communication, decision-making, and organizational skills help you convey findings and manage multiple cases efficiently. These abilities are crucial for accurately assessing loan risk, ensuring compliance, and maintaining the financial integrity of lending institutions.

What are some common challenges loan underwriters face when assessing loan applications, and how can they effectively address them?

Loan Underwriters often encounter challenges such as incomplete documentation, ambiguous borrower information, and tight deadlines. Handling these issues requires strong attention to detail, effective communication with loan officers and applicants, and the ability to make sound judgments under pressure. Developing a solid understanding of lending guidelines and utilizing advanced underwriting software can also help streamline the process and reduce errors. Collaboration with other departments ensures that all necessary information is gathered promptly, contributing to efficient and accurate loan decisions.

What is the difference between Loan Underwriter vs Mortgage Processor?

AspectLoan UnderwriterMortgage Processor
Primary RoleEvaluates loan applications, assesses risk, and approves or denies loansPrepares and organizes loan documents, verifies information, and ensures completeness
Required SkillsFinancial analysis, risk assessment, attention to detailOrganization, communication, document management
Work EnvironmentTypically in an office setting, working with loan files and financial dataOffice environment, coordinating between applicants and lenders
CertificationsOften requires mortgage or financial certificationsLess formal certifications, focus on organizational skills

While both roles are integral to the mortgage process, a Loan Underwriter primarily assesses and approves loan applications based on risk, whereas a Mortgage Processor handles the documentation and preparation needed before underwriting. Understanding these differences helps in choosing the right career path or job search focus.

Do loan underwriters make good money?

Loan underwriters typically earn a median annual salary that varies by experience and location, with entry-level positions starting lower and experienced underwriters earning higher wages. They often receive benefits such as health insurance and retirement plans, and the role may require certification or specialized training. Overall, loan underwriting can be a financially stable career with potential for growth.

Is underwriting a stressful job?

Loan underwriters assess loan applications and determine credit risk, which can involve high attention to detail and meeting strict deadlines. The job can be stressful during busy periods or when making difficult approval decisions, but workload and stress levels vary depending on the employer and individual experience. Strong organizational skills and familiarity with underwriting software can help manage stress.
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Loan Underwriter jobs near you
Infographic showing various Loan Underwriter job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 13% Part Time, and 4% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $62,410 per year, or $30 per hour.

Loan Underwriter

1st Financial Bank USA

Sioux Falls, SD • On-site

Full-time

Medical, Dental, Retirement, PTO

Re-posted 17 days ago

Job description

Title:Loan Underwriter

Location:Sioux Falls, SD (This is an on-site position)

Builder Finance Inc. (BFI) is the growing lender to homebuilders and housing investors. Launched in 2014, BFI now has several coast-to-coast lending programs with additional programs planned. Clients chose BFI for great pricing, great terms, and an industry-leading customer experience. Details are available at BuilderFinance.com.

Job Overview:

This position provides the opportunity to enter at a junior level and to learn real estate and finance, with an emphasis on residential construction. Key job responsibilities include: underwriting real estate; underwriting borrowers; and helping to process, fulfill, and service loans.

The work environment is supportive and friendly but demanding. It enables those with initiative and talent to stand out. A successful Loan Underwriter may quickly grow responsibility and compensation. One potential path of progression is to a sales/originations role, working with existing and potential clients to originate loans.

Qualifications:

The success of BFI is based on originating loans that repay. Attention to detail is critical.

This position will require moderate Excel, Word, and Outlook skills which can be learned on the job.

BFI does not cold-call clients and in-person client meetings are infrequent. Nonetheless, strong interpersonal skills and comfort on the phone will become necessary.

BFI embraces a strong service-based culture. The Loan Underwriter should expect to work 45 hours in a typical week, or roughly 8:15-5:45 with half an hour off for lunch. Certain days/weeks will require greater hours. There will be minimal to zero travel.

  • Education: A bachelor's degree. Please include GPA with resume submission and any other school and standardized testing scores you feel relevant.

  • Experience: No experience required. Preference given to those with demonstrated real estate and/or sales experience.

  • Location: BFI's main office is in downtown Sioux Falls, SD. Remote work is not offered at the Loan Underwriter position.

  • Compensation: Salary and benefits plus a sign-on bonus.

We provide a highly competitive and comprehensive compensation and benefits program including affordable medical/dental insurance, generous paid leave program, 401(k) and much more!

Builder Finance Inc. is an equal opportunity and affirmative action employer.

All qualified applicants will receive consideration without regard to their race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Builder Finance Inc. participates in E-Verify

E-Verify Right to Work Poster (justice.gov)

Employment Type: Full time

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