Senior Mortgage Underwriter

Elliman Capital; Miami (FL); On-site; USD 75,000 - 90,000; Full time

Job summary

Elliman Capital in Miami, FL is seeking a Senior Mortgage Underwriter for our in-office team. This hands-on role covers conventional, FHA, VA, jumbo, and Non-QM loans, requiring expert analysis of complex income, assets, and collateral to support well-documented, timely approvals.

You will work closely with processing, closing, and loan officers, shaping conditioning standards, workflow, and underwriting practices to ensure files close on schedule and meet agency and investor guidelines.

Qualifications

• 5+ years of hands-on mortgage underwriting experience.
• Experience across conventional, FHA, VA, jumbo, and Non-QM loans.
• Strong command of self-employed and complex income analysis.
• Proficiency with DU and LPA.

Responsibilities

• Underwrite conventional, FHA, VA, USDA, jumbo, and Non-QM loans within authority and guidelines.
• Analyze income for salaried, commissioned, and self-employed borrowers including tax returns and bank statements.
• Evaluate credit, assets, reserves, and liabilities; identify layered risk and document compensating factors clearly.
• Run and interpret DU and LPA findings to ensure data supports recommendations.
• Review appraisals for value support and eligibility; escalate as needed.
• Review condominium projects for eligibility and warrantability with relevant documents.
• Issue clear, complete, and prioritized conditions and review submissions promptly to protect closing dates.
• Communicate with processors and Loan Officers to structure files and resolve issues before closing.
• Ensure files meet ATR/QM, TRID, and fair lending standards; manage multi-product pipeline with timely decisions.

Skills

Mortgage underwriting experience

Self-employed income analysis

Complex income analysis

Tools

DU

LPA

Job description

Job Description Senior Mortgage Underwriter Full-Time | In-Office | Miami, FL

About the Opportunity:

Elliman Capital is the mortgage lending arm associated with Douglas Elliman, one of the most recognized names in residential real estate. As a division of Associated Mortgage Bankers, Inc., we lend nationwide, with our strongest concentration in markets including New York, Florida, California, and Texas.

We are adding a Senior Mortgage Underwriter to our Miami office. This is a hands-on credit role for an underwriter who is comfortable across the full product spectrum, from agency and government loans to jumbo and Non-QM, and who can make sound, well-documented decisions without needing a second set of eyes on every file.

Much of our business comes through real estate relationships, so the pipeline leans toward purchase transactions with firm contract dates. Many files involve borrowers whose income, assets, or collateral require genuine analysis: business owners with multiple entities, significant asset portfolios, second homes and investment properties, and condominium projects that call for careful review.

The right person takes pride in files that close on time and hold up afterward. You will work side by side with processing, closing, and our Loan Officers, and your judgment will carry real weight in how files are structured, conditioned, and brought to the closing table.

What Makes This Role Different:

The Full Product Range in One Seat

You will not be confined to a single channel or loan type. Conventional, FHA, VA, jumbo, and Non-QM all come across your desk, which keeps the work varied and keeps your skills current across the market.

Complex Files Worth Your Experience

Our client base generates the kind of scenarios experienced underwriters are trained for: layered self-employed income, high-balance purchases, and condominium collateral. Strong analysis here is valued rather than rushed.

A Voice in How Underwriting Operates

We are building our operations platform with intention. A senior underwriter with good judgment will have direct access to leadership and a real opportunity to shape conditioning standards, workflow, and how the underwriting function grows.

What You Will Do:

• Underwrite conventional (Fannie Mae and Freddie Mac), FHA, VA, USDA, jumbo, and Non-QM loans, issuing approvals, suspensions, and denials within your authority and applicable agency and investor guidelines
• Analyze income for salaried, commissioned, and self-employed borrowers, including personal and business tax returns, K-1s, profit and loss statements, and bank statement income
• Evaluate credit, assets, reserves, and liabilities; identify layered risk and document compensating factors clearly
• Run and interpret DU and LPA findings, confirming that loan data and documentation support the recommendation
• Review appraisals for value support, property eligibility, and condition, and escalat
• Review condominium projects for eligibility and warrantability, including questionnaires, budgets, and association documentation
• Underwrite Non-QM programs such as bank statement, DSCR, and asset-based qualification against investor guidelines and overlays
• Issue clear, complete, and prioritized conditions, and review condition submissions promptly to protect closing dates
• Communicate directly with processors and Loan Officers to structure files, explain decisions, and resolve issues before they threaten a closing
• Ensure files meet agency, investor, and regulatory requirements, including ATR/QM, TRID, and fair lending standards
• Manage a multi-product pipeline while meeting turn-time expectations and documenting decisions thoroughly in the LOS
• Serve as a technical resource on guideline questions and complex scenarios, and support the development of newer operations staff as the team grows
• Identify recurring file issues and recommend process improvements to operations leadership

What You Bring:

Required:

• 5+ years of hands-on mortgage underwriting experience
• Recent underwriting experience across conventional, FHA, VA, jumbo, and Non-QM loans
• Strong command of self-employed and complex income analysis, including business tax returns
• Proficiency with DU and LPA
• Working knowledge of ATR/QM, TRID, and fair lending requirements
• Clear, direct written and verbal communication with processors and Loan Officers
• Ability to work full-time, in person, at our Miami office

Strongly preferred:

• FHA Direct Endorsement (DE) underwriter designation
• VA underwriter approval; SAR designation a plus
• Encompass experience
• Condominium project review experience, particularly Florida condominiums
• Experience with purchase-focused, high-balance, or luxury residential transactions

Preferred:

• USDA underwriting experience

Compensation:

$75,000 to $90,000 annual base salary, commensurate with experience, plus eligibility for tiered per-file bonuses. Bonus compensation is based on individual file volume and is not guaranteed.

Elliman Capital is a division of Associated Mortgage Bankers, Inc. Elliman Capital is a registered DBA of Associated Mortgage Bankers, Inc. NMLS 24794.

Associated Mortgage Bankers, Inc. is an Equal Opportunity Employer. All employment decisions are made without regard to race, color, religion, sex, national origin, age, disability, genetic information, veteran status, marital status, sexual orientation, gender identity, or any other protected status in accordance with applicable federal, state, and local laws. Employment is at-will. Compensation is not guaranteed and is subject to federal, state, and company regulatory requirements. All offers of employment are contingent upon background checks and compliance qualifications.