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Permanent Condo Underwriter information

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$32.5K

$78.9K

$139.5K

How much do permanent condo underwriter jobs pay per year?

As of Aug 27, 2026, the average yearly pay for permanent condo 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 permanent condo underwriter?

Permanent Condo Underwriters are professionals who assess and evaluate the risk of insuring or lending for condominium properties on a long-term basis. They review financial documents, property details, homeowners’ association information, and compliance with lender or insurer guidelines to determine if a condo project is eligible for permanent financing or insurance. Their role helps ensure that loans or insurance policies are issued only to qualified properties, protecting lenders, insurers, and investors from unforeseen risks. They also stay updated on changing regulations and market trends affecting condominium underwriting standards.

How does a permanent condo underwriter typically collaborate with loan officers and property appraisers during the underwriting process?

A Permanent Condo Underwriter works closely with loan officers to review borrower documentation and clarify any issues related to loan eligibility or condo association requirements. They also interact with property appraisers to ensure that property valuations align with lending guidelines and to resolve discrepancies in appraisal reports. Effective communication and teamwork are essential, as underwriters often act as the central point of contact, coordinating between different stakeholders to facilitate timely and accurate loan decisions.

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

To thrive as a Permanent Condo Underwriter, you need a solid understanding of real estate lending, risk assessment, and underwriting guidelines, typically backed by a degree in finance, business, or a related field. Familiarity with loan origination systems, credit analysis software, and regulatory compliance tools is essential, along with certifications like Certified Mortgage Underwriter (CMU) being advantageous. Attention to detail, strong analytical thinking, and effective communication are standout soft skills for this role. These skills ensure accurate risk evaluation, regulatory compliance, and clear collaboration with stakeholders, which are critical for successful loan approvals and portfolio management.

What is the difference between Permanent Condo Underwriter vs Mortgage Underwriter?

AspectPermanent Condo UnderwriterMortgage Underwriter
CredentialsTypically requires underwriting certifications, mortgage licensing, and relevant industry experienceSimilar credentials, including mortgage licensing and underwriting certifications
Work EnvironmentWorks primarily in insurance or banking institutions focusing on condo insurance and loansWorks in banks, mortgage companies, or lending institutions assessing loan applications
Industry UsageCommonly used in real estate, insurance, and mortgage sectors dealing with condo properties

The Permanent Condo Underwriter and Mortgage Underwriter roles share many credentials and work environments, both focusing on assessing financial and property risk. The main difference lies in their specific focus: the Permanent Condo Underwriter specializes in condo insurance and loans, while the Mortgage Underwriter evaluates overall mortgage applications. Both roles are essential in the real estate and lending industries, often overlapping in skills and knowledge.

What cities are hiring for Permanent Condo Underwriter jobs?

Cities with the most Permanent Condo Underwriter job openings:

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

The most popular types of Condo Underwriter jobs are:

What states have the most Permanent Condo Underwriter jobs?

States with the most job openings for Permanent Condo Underwriter jobs include:

Permanent Condo Underwriter jobs near you
Infographic showing various Permanent Condo Underwriter job openings in the United States as of July 2026, with employment types broken down into 95% Full Time, 2% Part Time, and 3% Contract. Highlights an 70% Physical, 10% Hybrid, and 20% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Home Service Specialist (Condo/Coop)

Concord, CA • On-site

Collabera
IT Services • 5 - 10K employees
Learn more about Collaberaexternal

$20/hr

Contractor

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 17 days ago

Job description

Company Description

Established in 1991, Collabera has been a leader in IT staffing for over 22 years and is one of the largest diversity IT staffing firms in the industry. As a half a billion dollar IT company, with more than 9,000 professionals across 30+ offices, Collabera offers comprehensive, cost-effective IT staffing & IT Services. We provide services to Fortune 500 and mid-size companies to meet their talent needs with high quality IT resources through Staff Augmentation, Global Talent Management, Value Added Services through CLASS (Competency Leveraged Advanced Staffing & Solutions) Permanent Placement Services and Vendor Management Programs. 

Collabera recognizes true potential of human capital and provides people the right opportunities for growth and professional excellence. Collabera offers a full range of benefits to its employees including paid vacations, holidays, personal days, Medical, Dental and Vision insurance, 401K retirement savings plan, Life Insurance, Disability Insurance.

Job Description

Duration 10 months with possibility of contract extension

Pay Rate $20/hr

  

The Condo/Co-op Work Flow Coordinator will work within the Project Review Office (PRO) within the client's site. The candidate will be responsible for completing detailed reviews of Condominium and Cooperative project documentation received from the Retail, and Private Banking channels which includes, but is not limited to - Appraisals, Budgets and Financial Statements/1120s, By-Laws, Covenants, Conditions & Restrictions (CC&Rs), Insurance Declarations, Leasehold Agreements, Offering Plans (& Amendments) and Project Questionnaires. Accurate analysis and data entry of key project information in the Condo/Co-op Project databases is required. 


The Condo/Co-op Work Flow Coordinator will consult with internal and external business partners to assist in determining if a project or individual loan requests meet eligible Condo/Co-op classifications and product specifications. In addition, you will communicate project status (approval, suspense, denial) to appropriate individuals and uphold fair lending practices of Bank of America, while meeting targets for productivity, quality and customer satisfaction. The Condo/co-op Specialist will contact Condo/Co-op Management companies, Developers, Sponsors, and Condo/Co-op Boards to obtain additional information, as required. 

Qualifications
  • Minimum of 5+ years of mortgage project underwriting, condo/co-op project review or related experience
  • Analytical skills and computer skills
  • Excellent written and verbal communication/interpersonal skills 
  • Must have excellent teamwork orientation and the ability to work independently in a fast moving environment
  • Strong analytical, decision making, and attention to detail skills 
  • Processing or underwriting Condo or Co-op transactions 
  • Analyzing Corporate tax returns and/or Financial Statements 
  • Analyzing appraisals 
  • Familiarity with Fannie Mae and Freddie Mac credit policy 
  • Ability to communicate well in difficult situations
Additional Information

To know more on this opportunity, please contact:

Laidiza Gumera
973-774-7804

laidiza.gumera(at)collabera.com

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About Collabera

Sourced by ZipRecruiter

Collabera is a Global Digital Solutions Company providing Software Engineering Solutions for the world's most tech-forward organizations in the areas of Engineering, Cloud and Data/AI. With its roots serving the engineering needs of the world's most recognized businesses in Technology, Financial Services, Telecom and Healthcare, Collabera today operates across 60 locations in 11 countries, serves 30% of the Fortune 500, and has exceeded the industry growth rate by 3-4x for several years.

Industry

It services

Company size

5,001 - 10,000 Employees

Headquarters location

Morristown, NJ, US

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