Recognizing the importance and challenges inherent to the remote sensing of precipitation in mountainous areas, this study investigates the performance of the commonly used satellite-based high-resolution precipitation products (HRPPs) over several basins in the mountainous western United States. Five HRPPs [Tropical Rainfall Measuring Mission 3B42 and 3B42-RT algorithms, the Climate Prediction Center morphing technique (CMORPH), Precipitation Estimation from Remotely Sensed Imagery Using Artificial Neural Networks (PERSIANN), and the PERSIANN Cloud Classification System (PERSIANN-CCS)] are analyzed in the present work using ground gauge, gauge-adjusted radar, and CloudSat precipitation products. Using ground observation of precipitation and streamflow, the skill of HRPPs and the resulting streamflow simulations from the Variable Infiltration Capacity hydrological model are cross-compared. HRPPs often capture major precipitation events but seldom capture the observed magnitude of precipitation over the studied region and period . Bias adjustment is found to be effective in enhancing the HRPPs and resulting streamflow simulations. However, if not bias adjusted using gauges, errors are typically large as in the lower-level precipitation inputs to HRPPs. The results using collocated Advanced Microwave Scanning Radiometer for Earth Observing System (AMSR-E) and CloudSat precipitation data show that missing data, often over frozen land, and limitations in retrieving precipitation from systems that lack frozen hydrometeors contribute to the observed microwave-based precipitation errors transferred to HRPPs. Over frozen land, precipitation retrievals from infrared sensors and microwave sounders show some skill in capturing the observed precipitation climatology maps. However, infrared techniques often show poor detection skill, and microwave sounding in dry atmosphere remains challenging. By recognizing the sources of precipitation error and in light of the operation of the Global Precipitation Measurement mission, further opportunity for enhancing the current status of precipitation retrievals and the hydrology of cold and mountainous regions becomes available.