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Repurchase Underwriter Jobs (NOW HIRING)

Tomo Mortgage LLC

Post Closing Manager

New York, NY · On-site

$100K - $110K/yr

Partner with closing, underwriting, and operations leadership on process alignment and shared ... repurchase demands. * Familiarity with secondary market requirements for loan delivery to Fannie ...

Atlantic Group

Credit Financing Associate

Manhattan, NY · On-site

$135K/yr

Skilled in financing arrangements, credit underwriting, financial modeling, and tools like repurchase agreements, margin loans, and credit lines. * Attributes: Detail-oriented, strong communicator ...

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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 17, 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.

Post Closing Manager

Tomo Mortgage LLC

New York, NY • On-site

$100K - $110K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 14 days ago

Job description

Who We Are
Tomo is a digital mortgage company on a mission to eliminate the greed and complexity in lending, helping homebuyers save thousands of dollars. Our AI-driven customer experience makes the lending process faster, less frustrating, and more affordable. By passing these savings directly to homebuyers, we eliminate excessive fees and inflated rates that cost Americans billions each year. Backed by top-tier venture investors, including Ribbit, Citi Ventures, NFX and Progressive Insurance, Tomo is poised to become one of the most valuable fintech startups of our generation.
The Post-Closing Manager is responsible for leading the post-closing team and overseeing all functions related to the audit, review, and delivery of closed mortgage loan files. This role ensures the integrity, accuracy, and regulatory compliance of all closed loan documentation in accordance with investor requirements, TRID guidelines, and applicable lending policies. The Post-Closing Manager serves as a subject matter expert across conventional, FHA, VA, and USDA loan products and drives process improvements that support the department's quality and throughput goals.
Key Responsibilities
Team Leadership & Operations
  • Manage, mentor, and develop a team of post-closing coordinators and Jr post-closers, providing day-to-day oversight and performance guidance.
  • Establish and monitor team productivity standards, including review of an average of 5-6 loans per coordinator per day at a high quality threshold.
  • Conduct regular pipeline reviews, identify bottlenecks, and reallocate resources to maintain turnaround targets.
  • Serve as the escalation point for complex loan defects, documentation disputes, and investor exceptions.
Loan File Audit & Quality Control
  • Oversee the audit of all closed loan files to verify completeness, accuracy, and compliance with regulatory requirements and investor guidelines.
  • Direct the review and remediation of loan defects, ensuring all outstanding conditions are resolved within department SLAs.
  • Maintain accountability for final recorded and non-recorded closing documents, ensuring proper custody and maintenance.
Compliance & Investor Relations
  • Ensure all post-closing activities meet TRID disclosure and timing requirements, FHA/VA/USDA guidelines, and applicable fair lending laws.
  • Manage submission and receipt of FHA mortgage insurance and VA loan guaranty within 60 days of closing.
  • Oversee processing of upfront MIP and VA/USDA funding fee payments through the payment processing system.
  • Ensure all loans are registered with MERS
  • Manage submissions of all required loans through Fannie/Freddie UCD
  • Collaborate with compliance, legal, and secondary market teams to address investor findings and repurchase requests.
Process Improvement & Reporting
  • Develop and maintain post-closing policies, procedures, and training materials to support team consistency and regulatory alignment.
  • Track and report key performance metrics including defect rates, cure timelines, investor delivery rates, and team throughput.
  • Identify systemic issues and lead cross-functional initiatives to improve loan quality and reduce post-closing defects.
  • Partner with closing, underwriting, and operations leadership on process alignment and shared quality standards.
System & Vendor Management
  • Administer and optimize workflows within the loan origination system (LOS) to support post-closing efficiency.
  • Manage relationships with title companies, recording agencies, custodians, and investors as needed to resolve post-closing issues.
Required Qualifications
  • 5+ years of mortgage post-closing experience, with at least 2 years in a supervisory or team lead capacity.
  • Deep knowledge of conventional loan guidelines, including TRID disclosure and timing requirements, investor delivery standards, and post-closing documentation requirements.
  • Demonstrated ability to identify, document, and remediate loan defects across multiple loan product types.
  • Experience with a paperless LOS platform (Byte Pro preferred, Encompass accepted;).
  • Strong organizational and prioritization skills with the ability to manage competing deadlines in a high-volume environment.
  • Excellent written and verbal communication skills; ability to communicate clearly with internal stakeholders, investors, and external partners.
  • Proven ability to lead teams, drive accountability, and maintain high standards of quality under production pressure.

Preferred Qualifications
  • Working knowledge of FHA, VA, and USDA loan guidelines, including insurance/guaranty submission processes and acceptable documentation standards.
  • Experience managing investor relationships and responding to post-purchase review findings or repurchase demands.
  • Familiarity with secondary market requirements for loan delivery to Fannie Mae and Freddie Mac, including UCD submission.
  • Experience designing or optimizing post-closing workflows and quality control frameworks.
  • Bachelor's degree in finance, business, or a related field, or equivalent professional experience.

Core Competencies
  • Attention to Detail - Maintains a high degree of accuracy across high-volume loan reviews; identifies errors and deficiencies that others may overlook.
  • Leadership & Accountability - Holds team members to clear performance standards while providing the support and development they need to succeed.
  • Regulatory Knowledge - Stays current on changes to mortgage compliance requirements and proactively communicates impacts to the team.
  • Problem Solving - Resolves complex loan defects and escalations efficiently, exercising sound judgment and initiative.
  • Collaboration - Works effectively across closing, underwriting, legal, and operations to resolve issues and improve processes.

Employee Benefits
We strive to anticipate your needs in order for you to be a healthy, motivated, and happy team member. We provide a variety of competitive benefits including (but not limited to):
  • Equity Ownership: All teammates receive stock options-we win together
  • Comprehensive Medical, Dental, and Vision plans for you and your dependents with some plans 100% covered
  • Work-life balance and a generous paid time off policy
  • In order to support teammates who become parents, Tomo Mortgage provides paid parental leave
  • 401(k) retirement plan

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