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Wholesale Underwriter Jobs (NOW HIRING)

NovaFi Mortgage, Inc.

Underwriter

Santa Ana, CA · On-site +1

Remote Home Office - KMS Description The Wholesale Underwriter is responsible for reviewing and evaluating residential mortgage loan applications submitted through third-party brokers to ensure ...

Kings Mortgage Services

Underwriter

Santa Ana, CA · On-site

$85K - $95K/yr

Description The Wholesale Underwriter is responsible for reviewing and evaluating residential mortgage loan applications submitted through third-party brokers to ensure compliance with company ...

NovaFi Mortgage, Inc.

Underwriter

Henderson, NV · On-site +1

$85K - $95K/yr

Henderson, NV Compensation: $85,000 - $95,000 / year Description The Wholesale Underwriter is responsible for reviewing and evaluating residential mortgage loan applications submitted through third ...

NovaFi Mortgage, Inc.

Underwriter

Santa Ana, CA · On-site

$85K - $95K/yr

Santa Ana, CA Compensation: $85,000 - $95,000 / year Description The Wholesale Underwriter is responsible for reviewing and evaluating residential mortgage loan applications submitted through third ...

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MPL Sr. Underwriter (Wholesale)

Saint Louis, MO · On-site +1

$95K - $113K/yr

This role serves as a trusted underwriting and business development partner to wholesale brokers, applying advanced technical underwriting expertise, sales acumen, and market knowledge to deliver ...

thg

MPL Sr. Underwriter (Wholesale)

Saint Louis, MO · On-site +1

$95K - $113K/yr

This role serves as a trusted underwriting and business development partner to wholesale brokers, applying advanced technical underwriting expertise, sales acumen, and market knowledge to deliver ...

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Wholesale Underwriter information

See salary details

$32.5K

$78.9K

$139.5K

How much do wholesale underwriter jobs pay per year?

As of Sep 1, 2026, the average yearly pay for wholesale 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 wholesale underwriter?

A Wholesale Underwriter is a financial professional who evaluates and approves loan applications, typically for mortgage or insurance products, on behalf of wholesale lenders. They work with mortgage brokers or correspondent lenders rather than directly with individual borrowers. Their main role is to assess the risk of lending by reviewing applicants’ financial documents, credit history, and property information, ensuring loans meet specific guidelines. Wholesale Underwriters play a crucial role in the loan approval process by helping lenders minimize risk and ensure compliance with all regulations.

What skills and qualifications are needed to thrive as a wholesale underwriter?

To thrive as a Wholesale Underwriter, you need strong analytical skills, in-depth knowledge of credit risk assessment, and a background in finance or a related field, often supported by a bachelor's degree. Familiarity with loan origination systems, automated underwriting tools, and industry certifications such as Certified Residential Underwriter (CRU) or Certified Mortgage Underwriter (CMU) is highly valued. Excellent attention to detail, sound judgment, and effective communication help underwriters build relationships with brokers and ensure loan quality. These skills and qualifications are crucial for accurately assessing risk, maintaining compliance, and supporting the financial health of lending institutions.

How does a wholesale underwriter collaborate with brokers and account managers during the loan approval process?

Wholesale Underwriters work closely with mortgage brokers and account managers to assess loan applications efficiently and ensure all documentation is complete and accurate. This collaboration often involves regular communication to clarify borrower information, discuss risk factors, and address any missing or inconsistent details. By maintaining open channels with these partners, underwriters help expedite approvals while ensuring compliance with regulatory and company guidelines. Effective teamwork enhances the overall customer experience and helps mitigate potential issues before final loan decisions are made.

What is the difference between Wholesale Underwriter vs Underwriting Assistant?

AspectWholesale UnderwriterUnderwriting Assistant
CredentialsTypically requires a bachelor's degree in finance, insurance, or related field; professional certifications like CPCU are commonUsually requires a high school diploma or associate degree; some roles may prefer insurance or finance coursework
Work EnvironmentWorks in insurance companies or brokerage firms, analyzing risks and making underwriting decisionsSupports underwriters by preparing documents, data entry, and administrative tasks
Job ResponsibilitiesEvaluates risk, sets policy terms, and approves or declines coverage for wholesale clientsAssists with processing applications, maintaining records, and coordinating communication

The Wholesale Underwriter and Underwriting Assistant roles differ mainly in responsibility and experience. The wholesale underwriter makes risk decisions and evaluates policies, while the underwriting assistant provides administrative support. Both roles are essential in the insurance industry, with the underwriter requiring more specialized knowledge and credentials.

Can I become a wholesale underwriter with no experience?

Wholesale underwriters typically need some background in insurance, finance, or related fields, but entry-level positions may be available for candidates with strong analytical skills and a willingness to learn. Prior experience is often preferred, but relevant education, certifications, or training programs can help new applicants qualify for entry-level roles. Developing knowledge of underwriting guidelines and using underwriting software can also improve chances of starting in this role.

Do wholesale underwriters make a lot of money?

Wholesale underwriters typically earn a competitive salary that varies based on experience, location, and the size of the company. Entry-level positions may start lower, while experienced underwriters with specialized skills can earn higher compensation, often including bonuses or incentives. Overall, the role offers a solid income within the insurance industry.
More about Wholesale Underwriter jobs

What states have the most Wholesale Underwriter jobs?

States with the most job openings for Wholesale Underwriter jobs include:

What job categories do people searching Wholesale Underwriter jobs look for?

The top searched job categories for Wholesale Underwriter jobs are:

Wholesale Underwriter jobs near you
Infographic showing various Wholesale Underwriter job openings in the United States as of August 2026, with employment types broken down into 79% Full Time, 20% Part Time, and 1% Nights. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Underwriter

NovaFi Mortgage, Inc.

Santa Ana, CA • On-site, Remote

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 4 days ago

Job description

Underwriter
Department: Operations
Employment Type: Full Time
Location: Remote Home Office - KMS
Description
The Wholesale Underwriter is responsible for reviewing and evaluating residential mortgage loan applications submitted through third-party brokers to ensure compliance with company guidelines, investor requirements, and applicable regulations. This role analyzes borrower creditworthiness, income, assets, collateral, and overall loan risk to make sound underwriting decisions while maintaining service level expectations.
Key Responsibilities
  • Review and analyze loan applications, credit reports, and financial documents to determine borrower eligibility.
  • Assess risk factors associated with mortgage loans, including income verification, debt-to-income ratios, and creditworthiness.
  • Ensure compliance with federal and state regulations as well as company policies throughout the underwriting process.
  • Collaborate with brokers, Account Managers, Account Executives, and other stakeholders to resolve any issues or discrepancies in documentation.
  • Prepare detailed financial reports summarizing findings and recommendations for loan approvals or denials.
  • Experience with Encompass is required
  • Conduct quantitative analysis to evaluate borrower profiles and market conditions impacting loan decisions.
  • Stay updated on industry trends, changes in regulations, and best practices in mortgage underwriting.

Preferred Skills, Knowledge and Expertise
  • Active Underwriter designation certificate (DE) required
  • Experience using Encompass required
  • Proven experience in mortgage underwriting or a related field within financial services.
  • Strong knowledge of HUD underwriting guidelines.
  • Excellent analytical skills with attention to detail to ensure accuracy in assessments.
  • Strong communication skills for effective collaboration with team members and clients.
  • Ability to work independently while managing multiple tasks in a fast-paced environment.

Benefits
Kings Mortgage Services, Inc. offers a full suite of benefits including:
  • Medical Insurance
  • Dental insurance
  • Vision insurance
  • Life insurance
  • Paid time off
  • 401(k) with company match

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