Mortgage Underwriter

Elliman Capital; Miami (FL); On-site; USD 80,000 - 100,000; Full time

Job summary

A prestigious real estate brokerage is looking for an experienced Mortgage Underwriter to join its expanding team. In this role, you'll underwrite complex Non-QM and traditional loans, ensuring quality and compliance within a high-end, client-focused environment. You'll collaborate closely with luxury real estate agents on sophisticated transactions. The ideal candidate should have over five years of mortgage underwriting experience and strong analytical skills, with proficiency in the Encompass system. This role promises engagement in high-value transactions and professional growth.

Qualifications

• Five or more years of recent mortgage underwriting experience.
• Demonstrated experience underwriting Non-QM loans including DSCR and bank statement programs.
• Strong appraisal review experience and proficiency in agency products (Conventional, FHA, VA, USDA).
• Solid understanding of federal and state mortgage regulations.

Responsibilities

• Underwrite Non-QM loan products, including DSCR, bank statement, and alternative income programs.
• Analyze borrower creditworthiness and complex financial profiles.
• Ensure all loans meet investor guidelines, internal credit standards, and regulatory requirements.
• Communicate underwriting decisions and alternative options to internal teams.
• Assist with training junior underwriters.

Skills

Mortgage underwriting experience

Analytical skills

Professional communication

Attention to detail

Understanding of mortgage regulations

Tools

Encompass

LOS (Loan Origination System)

Job description

Douglas Elliman is one of the largest and most recognized residential real estate brokerages in the United States. Renowned for its dominance in the luxury market, strong national brand presence, and deep agent network, Douglas Elliman produces billions in annual sales volume and continues to set the standard in premier markets nationwide.

About the Opportunity

Elliman Capital is the integrated lending arm of Douglas Elliman, designed to bring modern lending infrastructure, sophisticated credit expertise, and elevated service into one of the most powerful luxury real estate ecosystems in the country.

We are expanding our underwriting team and seeking an experienced Mortgage Underwriter to support a high-end, purchase-focused platform that serves discerning clients and complex transactions. This role is ideal for underwriters who value thoughtful credit analysis, judgment-based decisioning, and collaboration within a premium real estate environment.

What Makes This Role Different

Underwriting Within a Luxury Real Estate Ecosystem

This is not a high-volume, assembly-line underwriting role. As an Elliman Capital underwriter, you support transactions tied directly to Douglas Elliman’s elite agents, luxury properties, and high-net-worth clientele.

This provides:

• Exposure to complex, high-value purchase transactions
• Collaboration with top-tier loan officers and real estate professionals
• A credit environment that values experience, discretion, and sound judgment
• The opportunity to underwrite loans that are both intellectually engaging and professionally rewarding

A Platform Built for Sophisticated Lending

You will work within a modern lending platform that supports both Non-QM and agency products, designed to handle complexity without sacrificing efficiency.

This includes:

• A fully integrated LOS and pricing ecosystem
• Strong operational workflows and internal communication
• Clear underwriting standards and investor alignment
• Technology that supports accuracy, transparency, and speed

Operational Support That Respects the Underwriter Role

Elliman Capital’s structure is built to allow underwriters to focus on credit quality and decision-making, not unnecessary friction.

You will be supported by:

• Experienced processors and production teams
• Clear escalation paths and leadership access
• Realistic turnaround expectations
• A culture centered on quality, accountability, and collaboration

Responsibilities

• Underwrite Non-QM loan products, including DSCR, bank statement, and alternative income programs
• Underwrite Conventional, FHA, VA, and USDA residential mortgage loans
• Analyze borrower creditworthiness, income documentation, assets, liabilities, and complex financial profiles
• Review property characteristics, appraisals, and collateral risk
• Ensure all loans meet investor guidelines, internal credit standards, and regulatory requirements
• Clearly communicate underwriting decisions, conditions, and alternatives to internal teams
• Respond to product questions and scenario requests with sound credit guidance
• Maintain quality, accuracy, and turnaround time standards
• Assist with training and mentoring junior underwriters as needed
• Stay current on guideline updates, investor overlays, and regulatory changes

Requirements

• Five or more years of recent mortgage underwriting experience
• Demonstrated experience underwriting Non-QM loans, including DSCR and bank statement programs
• Strong appraisal review experienceProficiency underwriting agency products (Conventional, FHA, VA, USDA)
• Encompass experience is required
• Solid understanding of federal and state mortgage regulations, including TILA, RESPA, and Fair Lending
• Strong analytical skills and attention to detail
• Professional communication style aligned with a high-end client and agent base
• Ability to work within a fast-paced, high-expectation environment