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Repurchase Underwriter Jobs (NOW HIRING)

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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 Jul 12, 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.

Will AI replace underwriting?

Repurchase underwriters evaluate loan and insurance applications to determine risk and eligibility. While AI tools can assist with data analysis and automate routine tasks, human underwriters are still essential for complex decision-making, interpretation, and oversight. AI is expected to augment rather than fully replace underwriters in the near future.

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.

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.

Do underwriters make a lot of money?

Repurchase underwriters typically earn a median salary that varies by experience and location, with entry-level positions starting lower and experienced underwriters earning higher wages. Salaries can range from around $50,000 to over $100,000 annually, and additional certifications or specialized knowledge can impact earning potential.

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 the company's 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 July 2026, with employment types broken down into 1% Internship, 94% Full Time, 2% Part Time, and 3% Temporary. Highlights an 78% Physical, 14% Hybrid, and 8% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.
Real Estate Operations Manager

Real Estate Operations Manager

Provident Credit Union

Redwood City, CA • On-site

$107K - $139K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 25 days ago

Job description

REAL ESTATE OPERATIONS MANAGER (Redwood City, CA)
JOB SUMMARY
Efficiently and proactively manage the daily functions of the Real Estate Loan Operations staff. Meet or exceed mortgage loan production budget; maintain superior service standards for both external and internal stakeholders; ensure compliance to regulatory requirements and internal policies and procedures.
Why Provident?
Provident Credit Union was established in 1950, and we rank among the top 10% of credit unions in the US. We believe having a culture that is accepting, supportive, diverse, and inclusive makes us all better. Provident has been a Bay Area "Top Workplace" since 2017, and our employees rank us on Glassdoor as one of the best credit unions in the nation.
Our values are:
  • Listen
  • Get Better
  • Do What's Right

Essential Functions
Essential Functions % TIME
  • Daily direct oversight and active management of residential lending team from initial processing to funding.
  • Ensure service and production standards are met each month.
  • Review Mortgage Consultant scenario requests.
  • Manage production pipeline on a daily basis.
  • Ensure prompt and timely member communication is provided on all loans.
  • Review processes regularly. Make or recommended changes to processes with goal of streamlining workflows and attaining optimal team performance.
  • Manage the underwriting and approval of all real estate loans within established lending policies and limits; ensure the quality of each loan package.
  • Ensure strong member relations in all phases of the process including handling complaints.
  • Regular review and management of risk assessment processes.
  • Ensure prompt, accurate response to audit inquiries from investors, regulators, third-party vendors and company auditors.
  • Review and rebut as necessary investor repurchase requests.
  • Manage the process for handling employee mortgage loan requests. Personally discuss loan options, programs and pricing with employees.
  • Hire, train and develop staff.
  • Perform periodic performance evaluations.
  • Maintain a working knowledge of California real estate laws as it pertains to credit unions and Provident products and services.
  • Maintain a thorough working knowledge of Provident products and services.
  • Maintain a complete understanding of RESPA, TILA and applicable CFPB real estate lending guidelines.
  • Performs other duties as assigned.
  • Excellent listening and speaking skills.
  • Excellent written communication skills.
  • Complete required BSA & OFAC training annually.
  • Understand and adhere to BSA and OFAC policy and procedures.

QUALIFICATIONS:
Education/Work Experience/Knowledge/Skills and Abilities:
  • College degree or equivalent work experience preferred
  • NMLS License preferred
  • 8+ years of proven successful experience in real estate lending required
  • 5+ years of experience in managing a real estate loan operations staff.
  • 5+ years of experience with FHLMC/FNMA underwriting.
  • 5+ years of experience in Credit granting authority - mortgage loans
  • Demonstrate a knowledge of complex underwriting skills in residential real estate lending.
  • Demonstrate a knowledge of complex underwriting skills in multi-family real estate lending.
  • Demonstrated ability to hire, manage, train and develop staff.
  • Excellent oral and written communication skills including strong telephone skills with a specific focus on member service and problem resolution.
  • Demonstrated excellence in organizational and mathematical skills.
  • Have skills and commitment to provide outstanding service to all external and internal members.
  • Ability to learn and use current loan origination and core financial systems (Encompass CreditQuest, and Laser Pro)
  • Ability to write letters and e-mails with professional tone, correct grammar and punctuation.
  • Ability to learn and follow:

* State and Federal Regulations and Requirements
* California Credit Union Law and Rules and Regulations
* Provident Credit Union Board Policies
* NCUA Rules and Regulations
* Department policies and procedures
Benefits you will enjoy:
  • Quality medical, dental and vision care coverage
  • 401(k) retirement plan with up to 150% matching employer contributions
  • Annual discretionary bonus
  • Generous paid time off and paid holidays
  • Flexible spending accounts
  • Employee Referral Bonus
  • Short and long-term disability coverage
  • Life and AD&D insurance
  • Provident membership
  • Rate discount on home and auto loans
  • Opportunity to use company owned condo in Maui and Lake Tahoe

Compensation:
Pay Grade is M2. This position is eligible for our twice-a-year discretionary bonus.
Targeted Pay: $107,000 - $139,000/yr (Depending on experience)
Provident is an Equal Opportunity Employer
We are the winner of the Bay Area News Group Top WorkPlace in 2017 - 2026. Check us out on Glassdoor

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