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Repurchase Underwriter Jobs (NOW HIRING)

Nicolet National Bank

Mortgage Underwriter

Green Bay, WI · On-site

... repurchase. This includes interpreting relevant guidelines that may be issued by federal or state agencies or investors and conducting research to make underwriting decision. Attention to detail is ...

Nicolet National Bank

Mortgage Underwriter

Green Bay, WI · On-site

... repurchase. This includes interpreting relevant guidelines that may be issued by federal or state agencies or investors and conducting research to make underwriting decision. Attention to detail is ...

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Repurchase Underwriter information

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$32.5K

$78.9K

$139.5K

How much do repurchase underwriter jobs pay per year?

As of Aug 22, 2026, the average yearly pay for repurchase 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 repurchase underwriter?

A Repurchase Underwriter is a mortgage professional who reviews loans that have been sold to investors and are now subject to repurchase requests due to potential defects or non-compliance with underwriting guidelines. Their primary responsibility is to analyze the loan file, identify issues, and determine if the loan meets the original investor’s requirements or if a repurchase is warranted. This role involves detailed documentation review, risk assessment, and often communicating findings with internal teams and external stakeholders. Repurchase Underwriters help protect lenders from financial losses and ensure compliance with industry standards.

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

To thrive as a Repurchase Underwriter, you need a deep understanding of mortgage underwriting guidelines, loan documentation, and risk assessment, typically supported by a bachelor's degree in finance or a related field. Familiarity with automated underwriting systems (AUS), loan origination software, and knowledge of investor and agency requirements are essential technical skills. Strong analytical thinking, attention to detail, and effective communication help you navigate complex loan files and collaborate with other departments. These skills are crucial for accurately identifying loan defects, minimizing financial losses, and ensuring compliance with investor standards.

What are some common challenges faced by repurchase underwriters in their day-to-day work?

Repurchase Underwriters often encounter challenges such as reviewing complex loan files for compliance and identifying documentation gaps that may have led to repurchase demands. They must balance attention to detail with efficiency, as the volume of cases can be high and deadlines are typically strict. Additionally, collaborating with multiple departments—such as legal, risk, and servicing—requires strong communication skills to ensure accurate and timely resolution of issues. Staying updated on evolving investor guidelines and regulatory requirements is also essential to mitigate risks effectively.

What is the difference between Repurchase Underwriter vs Loan Underwriter?

AspectRepurchase UnderwriterLoan Underwriter
Required CredentialsTypically requires underwriting certifications, mortgage or insurance licensesRequires mortgage, banking, or financial certifications
Work EnvironmentWorks mainly in mortgage, insurance, or financial institutions assessing repurchase riskWorks in banks or lending institutions evaluating loan applications
Employer & Industry UsageCommon in mortgage lenders, insurance companies, and financial firmsCommon in banks, credit unions, and mortgage companies

Both roles involve assessing financial risk, but Repurchase Underwriters focus on repurchase agreements and mortgage buyback risks, while Loan Underwriters evaluate the creditworthiness of loan applicants. Understanding these differences helps job seekers target the right roles within the financial and mortgage industries.

Is there a demand for repurchase underwriters?

There is steady demand for repurchase underwriters in the mortgage and insurance industries, as they evaluate and approve buyback requests related to loan repurchases or policy claims. Employers seek candidates with strong analytical skills, knowledge of loan documentation, and experience with underwriting software. Job opportunities often depend on the housing market and financial institution needs.
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What job categories do people searching Repurchase Underwriter jobs look for?

The top searched job categories for Repurchase Underwriter jobs are:

Repurchase Underwriter jobs near you
Infographic showing various Repurchase Underwriter job openings in the United States as of August 2026, with employment types broken down into 96% Full Time, 2% Part Time, and 2% Contract. Highlights an 68% Physical, 12% Hybrid, and 20% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Loss Mitigation Underwriter, II

Carrington Holding Company, LLC

Orange, CA • On-site

$26 - $30/hr

Full-time

Medical, Retirement

Re-posted 16 days ago

Job description


Come join our amazing team and work remote from home!
The Loss Mitigation Underwriter II will be responsible for underwriting loss mitigation applications in accordance with Treasury, Company and Investor guidelines while following company's policies and procedures under general supervision. Makes sound underwriting decisions and ensures that all decisions meet legal and policy requirements. Perform all duties in accordance with the company's policies and procedures, all US state and federal laws and regulations, wherein the company operates. The Loss Mitigation Underwriter II level is the Intermediate level role in the job family and generally handles the moderately complex underwriting files while gaining additional knowledge and experience on the more complex files. The target pay range for this position is $26.00-$30.00 per hour.
What you'll do:
  • Perform a thorough analysis to ensure the quality of each loan and to determine compliance with Treasury, Company and Investor guidelines.
  • Conduct Verification of Income (VOI).
  • Calculate customer's front and back-end debt to income ratio.
  • Verify occupancy, hardship and income.
  • Apply payment waterfall to determine workout eligibility (repurchase plans, forbearances, modifications or liquidation options).
  • If applicable, identify the type(s) and amounts of liquid assets the borrower holds.
  • Determine and communicate needed conditions to properly document the file (reason for default letter, updated pay stubs, bankruptcy papers, etc.).
  • Complete system tasks as required to maintain compliance with Treasury, Company and Investor guidelines.
  • Document final decision and update system of record.
  • Perform other duties as assigned.

What you'll need:
  • High school diploma or equivalent required.
  • Two (2) to three (3) years of underwriting/loss mitigation experience

Our Company:
Carrington Mortgage Services is part of The Carrington Companies, which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors, delivering exceptional customer care and programs that support borrowers and their homeownership experience. We hope you'll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonmortgage.com.
What We Offer:
  • Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
  • Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
  • Customized training programs to help you advance your career.
  • Employee referral bonuses so you'll get paid to help Carrington and Vylla grow.
  • Educational Reimbursement.
  • Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.

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