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Remote Mortgage Underwriting Manager Jobs in Rochester, MN

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Remote Mortgage Underwriting Manager information

See Rochester, MN salary details

$48.8K

$104.8K

$161.1K

How much do remote mortgage underwriting manager jobs pay per year?

As of Aug 9, 2026, the average yearly pay for remote mortgage underwriting manager in Rochester, MN is $104,783.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,300.00 and $123,000.00 per year, depending on experience, location, and employer.

How does a remote mortgage underwriting manager collaborate with loan officers and other team members in a virtual environment?

As a Remote Mortgage Underwriting Manager, you will frequently coordinate with loan officers, processors, and junior underwriters using digital collaboration tools such as video conferencing, secure messaging platforms, and loan origination systems. Regular virtual meetings and clear communication protocols are essential to ensure efficient workflow, timely decision-making, and adherence to lending guidelines. Establishing strong remote relationships and providing clear guidance helps maintain quality and consistency across the team, despite not being in a traditional office setting. You'll also be responsible for mentoring remote team members and ensuring they have access to necessary resources and support.

What is the difference between Remote Mortgage Underwriting Manager vs Remote Mortgage Underwriter?

AspectRemote Mortgage Underwriting ManagerRemote Mortgage Underwriter
ResponsibilitiesOversees underwriting teams, develops policies, reviews high-level decisionsEvaluates individual loan applications, assesses risk, makes approval decisions
CredentialsTypically requires experience in underwriting, leadership skills, and industry certificationsRequires underwriting experience, mortgage licensing, and industry certifications
Work EnvironmentRemote or office-based, managerial setting, team coordinationPrimarily remote, focused on individual loan analysis
Search IntentComparing managerial roles in mortgage underwritingLooking for hands-on underwriting positions

The Remote Mortgage Underwriting Manager oversees underwriting teams and policies, focusing on leadership and strategic decisions. In contrast, the Remote Mortgage Underwriter evaluates individual loan applications. Both roles require industry certifications and experience, but the manager's role is more supervisory, while the underwriter's role is more hands-on.

What does a remote mortgage underwriting manager do?

A Remote Mortgage Underwriting Manager oversees the mortgage underwriting process for a financial institution or lender while working remotely. Their responsibilities include managing a team of underwriters, ensuring loans meet regulatory and company guidelines, reviewing complex loan files, and acting as a liaison between underwriters and other departments. They also help develop and implement underwriting policies, provide training, and ensure productivity and compliance standards are met. Working remotely, they use digital tools to monitor workflows, communicate with their team, and maintain data security.

What skills and qualifications are needed to be a remote mortgage underwriting manager?

To thrive as a Remote Mortgage Underwriting Manager, you need expertise in mortgage underwriting guidelines, risk assessment, and team leadership, typically supported by several years of underwriting experience and a relevant degree or industry certifications (e.g., DE, SAR). Proficiency with loan origination systems (LOS), automated underwriting systems (AUS), and compliance software is essential. Outstanding communication, decision-making, and organizational skills help you manage a remote team and ensure consistent, high-quality evaluations. These competencies are crucial for maintaining loan quality, regulatory compliance, and effective remote team performance.
What are popular job titles related to Remote Mortgage Underwriting Manager jobs in Rochester, MN? For Remote Mortgage Underwriting Manager jobs in Rochester, MN, the most frequently searched job titles are:
Remote Mortgage Underwriting Manager jobs near you

Bilingual Mortgage Loan Officer

Marine Credit Union

Rochester, MN • On-site, Remote

Full-time

Re-posted 6 days ago

Job description

Bilingual (Spanish Speaking) Work From Home Opportunity
Position Summary:
Provide information on credit union portfolio mortgage products and services to members according to all credit union policies and procedures, and Federal and State rules and regulations. Collate and analyze individual financial information in support of loan decisioning process. Evaluate and recommend loan approvals, denials, and counteroffers based upon individual circumstances and data. Process required forms and related documentation for mortgage loan products. Promote credit union products and services. Partners to approve or deny loan applications based on analysis and company mortgage policies. Works with mortgage support staff to ensure timely response to member inquires and ensure a standard of service excellence.
Duties and Responsibilities:
  • Interview mortgage loan applicants. Assist member in completing loan applications over the phone and/or electronically.
  • Collate, analyze, and evaluate information & documentation in support of loan applications.
  • Evaluate borrower Character, Collateral, Capacity to Repay, and Credit position as a part of loan decisioning process based upon individual circumstances.
  • Calculate debt-to-income ratios, collateral needs, and payment plans on loan applicants.
  • Correspond with members, applicants, and creditors to resolve questions regarding application information.
  • Visit community and business contacts to promote and sell MCU's services and develop lending business successfully.
  • Provide information on portfolio mortgage loan products that best meet the member's individual needs and circumstances.
  • Recommend the structure of loan pricing, terms, and amounts for individual borrowers.
  • Recommend loan approval/denials, counteroffers, and deviations from typical loan structure and pricing.
  • Prepare loan documentation for underwriting and processing, ensuring it is complete and accurate. Manage loan closing process with customers.
  • Consult with members and the public about asset purchase, credit management, budgeting, debt restructuring, and financial planning issues.
  • Notify applicant of loan decision. Inform prospective borrowers of loan commitments.
  • Review regulations as they apply to installment loan security agreements.
  • Assist members with making payment arrangements on loans.
  • Interact with members and the public to solicit loan applications. Network with community contacts to promote mortgage loan business growth.
  • Partners with other staff by passing opportunities to develop additional lending and deposit business to them as opportunities arise and following up on mortgage leads passed from other employees.
  • Work successfully with other departments to ensure proper process, record retention, and information gathering best practices and procedures are followed.
Duties and Responsibilities (continued):
  • Promote other Marine Enterprise products and services.
  • Provide exceptional member service to our members.
  • Abide by all applicable policies, procedures, and regulations.
  • Work proactively to build relationships necessary to meet set goals for the position.
  • Effectively assist members and the public through the loan application and approval process, educating them about loan issues as needed.
  • Effectively prepare loan documentation for processing, ensuring it is complete and accurate.
  • Assist in managing risk through diligence in the information gathering process.
  • Provide timely, service-oriented feedback to applicants regarding the status of their loans.
  • Perform assigned loan prospect and delinquency calls to assist in meeting goals for the position.
  • Have access to transportation on demand to be able to travel to client and vendor appointments out of office as needed.
Knowledge, Skills, and Abilities:
  • Knowledge of the mortgage loan application process and consumer credit.
  • Ability to collate and analyze individual borrower financial information.
  • Evaluation of information, and ability to make recommendations regarding loan pricing, structure, amounts, and terms as appropriate.
  • Ability to recommend loan approvals, denial, and counteroffers based upon analysis of individual facts and circumstances.
  • Ability to build rapport, explaining product features & benefits, and persuasively communicate.
  • Skills in developing business.
  • Sound PC computing skills, including MS-Office and loan application software.
  • Strong problem-solving skills. Ability to build credibility and trust.
  • Previous consumer lending experience at Marine Credit Union preferred.
Education and Experience:
  • High School Diploma. College Degree in Business Administration, Marketing, Sales, or Finance desired.
  • Prior experience gathering data, analyzing customer financial information, and making financial product recommendations.
  • Previous business development/networking experience.
  • Previous Mortgage/Consumer Lending, Banking, or Sales experience desired.
  • Experience building networks of community/industry contacts to support business goals a plus.
  • Experience working in a face-to-face customer service/sales environment.
  • A record of success in meeting set, external business goals.
This position may include frequent driving; a driving record review is required.
This job description is not a complete statement of all duties and responsibilities comprising this position.
Employment Type: Full-Time

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