Junior Collateral Review Underwriter

Position Overview

This remote full-time role is for a junior-level collateral review underwriter who will help support mortgage underwriting activities by examining residential appraisals and flood insurance paperwork. The position focuses on checking collateral documents for accuracy, compliance, and risk, while making sure appraisal conditions are resolved before a loan closes.

The ideal candidate should already understand conventional mortgage underwriting, investor rules, and how appraisal reviews are handled.

Key Responsibilities

• Assess residential property appraisals once they are received from the appraisal administration team.
• Check appraisal reports and supporting valuation documents for completeness, accuracy, and alignment with requirements.
• Examine flood insurance records and other collateral-related documentation.
• Review collateral files against investor standards, underwriting guidelines, and internal procedures.
• Spot mismatches, irregularities, or signs of potentially fraudulent information in appraisal materials.
• Make sure collateral risk issues are properly recorded and addressed.
• Work with appraisal administration, collateral valuation, processing, and underwriting teams to close out appraisal-related questions and issues.
• Explain underwriting decisions, findings, and required conditions clearly in writing and verbally.
• Offer direction on collateral documentation needs and how to resolve outstanding conditions.
• Release appraisal-related underwriting conditions before the loan reaches closing.
• Keep underwriting records and file notes complete and accurate.
• Complete appraisal reviews in a timely manner so loan processing and closing schedules stay on track.
• Follow company rules, investor requirements, and regulatory standards at all times.

Requirements

• High school diploma or GED is required.
• At least 3 years of experience in conventional mortgage underwriting.
• Working knowledge of agency, investor, and mortgage underwriting guidelines.
• Hands-on experience reviewing residential appraisals and collateral documents.
• Solid understanding of mortgage lending workflows and loan-file documentation.
• Strong analytical and troubleshooting abilities.
• Excellent written and spoken communication skills.
• Very high attention to detail and accuracy.
• Ability to juggle multiple priorities and meet deadlines in a fast-moving environment.

Preferred Experience

• Background in reviewing appraisal reports and valuation support materials.
• Understanding of flood insurance requirements and compliance expectations.
• Familiarity with mortgage underwriting systems and loan origination platforms.
• Ability to detect collateral risks and documentation issues early.

Work Environment

• This is a fully remote position.
• The role involves long periods of sitting and computer-based work.
• Daily tasks include reviewing digital loan files, appraisal reports, and underwriting records.

Compensation

The annual salary range for this position is $45,000 to $50,000.

About the Company

The employer provides talent placement and career support to help professionals connect with organizations across the country and grow in their careers.