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Repurchase Underwriter Jobs (NOW HIRING)

American Mortgage Network

UNDERWRITER III

Phoenix, AZ · On-site

The Underwriter will also be working with Loan Officers, Processors and Closers to secure all ... Assists in the preparation of repurchase responses and/or rebuttal reviews * Ability to function in ...

Figure Lending

Underwriting Specialist

Charlotte, NC

$39/hr

About the Role Figure is looking for an Underwriter Specialist to join our dynamic team. This role ... repurchase requests, underwriting deficiencies, and any other challenges that arise. What We Look ...

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Repurchase Underwriter information

See salary details

$32.5K

$78.9K

$139.5K

How much do repurchase underwriter jobs pay per year?

As of Jun 14, 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 are red flags for underwriters?

Red flags for repurchase underwriters include inconsistent or incomplete application information, unexplained discrepancies in financial or credit data, and signs of potential fraud or misrepresentation. These issues can indicate higher risk and may lead to loan denial or further investigation, emphasizing the importance of thorough document review and attention to detail.

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.

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

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.

Will underwriting be replaced by AI?

Repurchase underwriters evaluate loan buybacks and risk, and while AI tools can assist with data analysis and risk assessment, they are unlikely to fully replace underwriters due to the need for judgment and understanding of complex financial situations. Human oversight remains essential for decision-making in underwriting processes. Skills in data interpretation and regulatory knowledge are important in this role.

What is the highest paying underwriting job?

Senior and executive-level underwriting roles, such as Chief Underwriting Officer or Vice President of Underwriting, tend to be the highest paying in the field. These positions require extensive experience, leadership skills, and often involve overseeing large portfolios or strategic decision-making, resulting in higher compensation compared to entry- or mid-level underwriting jobs.

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 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.

Is underwriting a high stress job?

Underwriting can be a high-pressure role, as it involves assessing risk and making decisions that impact financial outcomes. The job often requires attention to detail, meeting deadlines, and managing workload, which can contribute to stress levels, especially during busy periods or when dealing with complex cases.
More about Repurchase Underwriter jobs
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 June 2026, with employment types broken down into 100% Full Time. Highlights an 56% In-person, and 44% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.
UNDERWRITER III

UNDERWRITER III

American Mortgage Network

Phoenix, AZ • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 14 days ago

Job description

SUMMARY
WHEN WAS THE LAST TIME YOU HAD FUN AT WORK? NO REMOTE! IN OUR PHOENIX OFFICE ONLY! It's a great time to join the fastest growing company that is 100% employee owned. THAT'S RIGHT! EMPLOYEE OWNED. American Mortgage Network is seeking a seasoned Senior Mortgage underwriter with 5 years of experience underwriting Conventional, FHA and VA loans. American Mortgage Network is a 100% employee owned mortgage company. You can be an owner and have an opportunity for a great retirement plan.
As a member of our Retail Underwriting team, will be responsible for underwriting residential loans for our Retail department ensuring compliance with appropriate company, secondary market investor standards and all applicable laws. The Underwriter will be responsible for examining loan documentation for accuracy and completeness. Must be able to underwrite loans within the company and industry guidelines. The Underwriter will also be working with Loan Officers, Processors and Closers to secure all required documents.
ESSENTIAL DUTIES
  • Underwrites loans in accordance with investor or agency guidelines
  • Reworks loans to new terms, identifies additional conditions as needed to insure a viable credit decision
  • Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents and appraisals
  • Analyzes and calculates income documentation such as personal and business income statements and ensures all necessary documentation is requested to support final loan decisions
  • Exercises good judgment, conducts reasonableness tests and issues quality decisions
  • Determines accuracy and completeness of files; ensures processes are consistent
  • Demonstrates proficiency in automated underwriting systems (DU, LP)
  • Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity
  • Maintains pre-established service level standard of decisions within a time frame set by the company
  • Communicates regularly with sales team, processors and management
  • Assists in the preparation of repurchase responses and/or rebuttal reviews
  • Ability to function in a fast paced ever-changing environment.

QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.
  • VA LAPP/SAR required with 5 years underwriting VA loans
  • FHA Direct Endorsement (DE) required with 5 years underwriting FHA loans
  • Appraisal review and tax return analysis skills required
  • Experience with repurchase response and/or rebuttal review and response preparation
  • Secondary market experience a plus
  • Understanding of TRID, RESPA and Predatory Lending
  • Strong analytical and decision making/problem solving skills
  • Possess a keen eye for accuracy, attention to detail and ability to handle a high volume work load
  • Excellent interpersonal, organizational, prioritization and time management skills
  • Proficient in computers including LOS systems, Microsoft Office and Excel. Ability to adapt/ learn/utilize multiple software programs. Experience with paperless environment preferred.
  • Ability to type/use a keyboard with sufficient speed and accuracy to meet job demand
  • Ability to deliver effective results and to meet deadlines with minimal supervision
  • Self-starter, adapt to a changing environment and have the ability to communicate and work well with Investors and co-workers
  • Possess clear, concise and effective written and oral communication skills
  • Professional demeanor in appearance, interpersonal relations, work ethic and attitude

MINIMUM REQUIREMENTS
To perform this job successfully, an individual must be able to perform essential functions satisfactorily. The requirement listed below are representative of the knowledge, skill and/or ability required.
  • Minimum 5 years of current front-line mortgage VA and Conventional Underwriting experience required
  • VA SAR approved

American Mortgage Network team members enjoy excellent benefits, perks, business casual dress, training, development and career opportunities.
American Mortgage Network is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to age, race, color, religion, gender, sexual orientation, national origin, or their status as a protected veteran or an individual with disabilities. Local applicants encouraged to apply. Employment contingent upon successful completion of background investigation. Drug-free work environment. Excellent benefits package including medical, dental and vision along with the ESOP Retirement benefits. All resumes are held in confidence. Equal Opportunity Employer- Minorities/Females/Disabled/Veterans.

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