Full-Time
Staff Underwriter 2
Trustmark
1,001-5,000 employees
Banking and financial solutions provider
No salary listed
Houston, TX, USA + 6 more
More locations: Pearl, MS, USA | Florida, USA | Memphis, TN, USA | Mississippi, USA | Atlanta, GA, USA | Alabama, USA
In Person
 Real Estate (1) |
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- High school education is required.
- Five years of experience underwriting FNMA, FHLMC, FHA, VA, and USDA Rural Housing investor loans is required.
- FHA Direct Endorsement certification is required.
- VA Staff Appraisal Reviewer certification is required.
- Documented experience in mortgage loan underwriting is required.
- General understanding and knowledge of underwriting and compliance guidelines is required.
- Working knowledge and experience with the Desktop Underwriter system is required.
- The ability to efficiently handle workflows with strong organizational skills is required.
- Problem-solving skills are required.
- Customer service skills are required.
- Working knowledge of Excel, Word, and other personal computer applications is required.
- The employee must be able to sit for long periods and use a computer keyboard or mouse while viewing computer screens.
- Provide assistance to retail and third-party originators and processors regarding guidelines, income requirements, and scenarios.
- Maintain a small pipeline of loans and make final approval decisions based on delegated underwriting authority.
- Review all appraisal types for final approval, including issuing notices of value and Homeowners and Flood Insurance/United States Department of Agriculture conditional requirements.
- Stay updated on and attend refresher training for all investor guidelines.
- Review and respond to management regarding all quality control and quality assurance exceptions.
- Perform additional duties as assigned.
- College coursework is preferred.
Trustmark provides banking and financial services through a network of offices in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. It offers typical retail and commercial banking products such as checking and savings accounts, loans, and other financial solutions, with services delivered through local branches and digital channels. The company operates as an Equal Housing Lender and is FDIC insured, emphasizing protection of customer deposits. Trustmark differentiates itself through a regional footprint focused on community needs and local banking relationships across multiple southern states. The goal is to help customers manage money, borrow for personal and business needs, and access financial services with a local touch and trusted oversight.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Jackson, Mississippi
Founded
1889
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Simplify's Take
What believers are saying
- Q2 2026 revenue reached $211.1 million, beating estimates and rising 4.9% year over year.
- Q2 2026 net interest margin expanded to 3.84%, above full-year guidance.
- Completion of conversion lets management pursue M&A and $40.9 million in buybacks.
What critics are saying
- Trustmark's 2021 redlining case ended in 2025; another fair-lending lapse would trigger regulators.
- Q2 conversion costs inflated noninterest expense; staffing cuts still rely on attrition.
- Regional concentration across six states leaves earnings exposed to local credit deterioration.
What makes Trustmark unique
- July 2026 conversion replaced Trustmark's 45-year-old core system with vendor-supported platforms.
- Trustmark funds loans with $15.7 billion in deposits and a 3.84% margin.
- Trustmark posted record $224.1 million 2025 profit across banking, wealth, and insurance.
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Benefits
Flexible Work Hours
Phone/Internet Stipend
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↑ 4%2 year growth
↑ 4%Trustmark Corporation completed a major core deposit system conversion in Q2 2026, migrating from a 45-year-old legacy platform to a modern vendor-supported system. The bank reported a net interest margin of 3.84%, supported by low-cost deposits and disciplined loan production. The company sold a $73.8 million delinquent mortgage portfolio, reducing nonperforming assets by 47.3%. The transaction resulted in a $3.2 million net income increase. Loan growth was driven by $643 million in new originations, offset by $652 million in commercial real estate prepayments and payoffs. Management expects the September rate hike and efficiency gains to offset conversion-related costs in the second half. The bank plans to reduce temporary staffing by approximately 50–55 positions through attrition. Capital deployment priorities include organic growth and share repurchases, with renewed interest in M&A following the technical conversion.
Trustmark Corporation reported second-quarter net income of $63.5 million, or $1.08 per diluted share. Adjusted operating earnings were $56.7 million, or $0.97 per share, excluding two non-routine items totalling $6.9 million. Loan and deposit growth lifted net interest income 3.1% sequentially, whilst the net interest margin expanded to 3.84%. Management maintained its outlook for mid-single-digit loan and deposit growth and a full-year margin of 3.80% to 3.85%. Credit quality improved sharply after the sale of $73.8 million in delinquent mortgage loans, reducing non-performing assets to 0.39% of loans. The transaction lowered non-performing loans by $47.1 million. Trustmark completed its core systems conversion and repurchased $21.1 million of stock during the quarter.
Trustmark reported Q2 2026 revenue of $211.13 million, up 4.9% year-over-year, slightly exceeding the consensus estimate of $211 million. The company posted earnings per share of $0.97, matching both analyst expectations and up from $0.92 in the prior-year quarter. Key metrics showed mixed performance. Net interest margin came in at 3.8%, in line with analyst estimates, whilst the efficiency ratio of 62.2% bettered the 63.1% forecast. Total nonperforming assets of $54.87 million came in well below the $104.33 million estimate. Net interest income reached $165.63 million, marginally above the $165.56 million consensus. Trustmark shares have gained 0.5% over the past month.
Trustmark, a Mississippi-based financial services organisation, reported first-quarter revenues of $202.9 million, up 4.2% year on year and in line with analyst expectations. The results showed a mixed performance, with earnings per share beating estimates but tangible book value per share slightly missing forecasts. CEO Duane Dewey highlighted continued loan growth, stable credit quality and an attractive core deposit base. The company also saw growth in noninterest income whilst maintaining flat noninterest expenses. Across the sector, 91 tracked regional banks reported a slower quarter, with revenues meeting consensus estimates. Share prices have held steady, rising 2.2% on average since results. However, Trustmark's stock fell 1.8% following its announcement and currently trades at $44.67.
North Reef Capital Management has acquired a new stake in Trustmark Corporation, purchasing 1,952,930 shares during the first quarter of 2026, according to a Securities and Exchange Commission filing. The investment was valued at $82.30 million as of 31 March, representing 2.8% of North Reef's reportable assets under management. Trustmark shares traded at $43.10 on 15 May 2026, up 20% over the previous 12 months. The bank reported first-quarter net income of $56.1 million, with earnings per share of $0.95. Loans held for investment increased 4.8% year-on-year to $13.9 billion, whilst deposits grew to $15.7 billion. Trustmark provides commercial and consumer banking, wealth management and insurance services across regional US markets.