Senior Mortgage Underwriter (Non-QM Focus)
About The Position
Elliman Capital, the integrated lending arm of Douglas Elliman, is seeking an experienced Senior Mortgage Underwriter with a strong Non-QM background to join their growing credit team. This role is ideal for underwriters who enjoy complex credit analysis, thoughtful decision-making, and working with experienced mortgage professionals in a collaborative environment. The position will play a critical role in evaluating residential mortgage transactions ranging from agency loans to sophisticated Non-QM scenarios, helping drive sound credit decisions while maintaining a high standard of service and responsiveness. The position may be structured as in-office, hybrid, or fully remote, depending on experience, geography, and business needs. Compensation packages are tailored accordingly and designed to reward both experience and performance.
Requirements
- 3+ years of recent mortgage underwriting experience
- Demonstrated experience underwriting Non-QM products, including DSCR + bank statement programs
- Agency underwriting experience, including Conventional, FHA, VA, and USDA loans preferred
- Experience evaluating complex self-employed borrower income
- Strong appraisal review and collateral analysis experience
- Encompass experience required
- Solid understanding of federal and state mortgage regulations, including TILA, RESPA, and Fair Lending requirements
- Strong analytical, problem-solving, and decision-making skills
- Excellent written and verbal communication skills
- Professional demeanor aligned with a high-touch client and referral partner experience
- Ability to perform successfully in an in-office, hybrid, or remote environment with clear accountability and performance expectations
Responsibilities
- Underwrite Non-QM loan products including DSCR, bank statement, asset utilization, and alternative income programs
- Analyze borrower creditworthiness, income, assets, liabilities, and overall risk profiles
- Review complex self-employed and non-traditional income scenarios
- Evaluate appraisals, collateral risk, marketability, and property characteristics
- Ensure loans meet investor guidelines, internal credit standards, and regulatory requirements
- Issue clear and well-supported underwriting decisions and conditions
- Communicate effectively with processors, loan officers, and management regarding loan structure and credit concerns
- Provide scenario guidance and product support to internal teams
- Maintain quality, accuracy, and service level expectations
- Stay current on investor guidelines, overlays, and regulatory changes
- Assist with training and mentoring less experienced underwriting staff as needed
Benefits
- Significant exposure to Non-QM lending, including DSCR, bank statement, asset utilization, and alternative income programs
- Opportunity to underwrite both Non-QM and agency products
- Complex and intellectually engaging transactions
- Direct access to leadership and executive decision-makers
- Collaborative partnership with production and operations teams
- Modern technology stack including Encompass and nCino
- Opportunity to help shape processes and contribute to a growing credit platform
- Significant advancement opportunities as Elliman Capital continues its national expansion
- A company that promotes from within and rewards performance
- Flexible work arrangements, including in-office, hybrid, and remote opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
