Senior Underwriter

Emporium TPO; United States; On-site; USD 85,000 - 110,000; Full time

Job summary

Emporium TPO is seeking an experienced Underwriter IV to ensure real estate loan applications are underwritten and documented in compliance with company, secondary market, and investor standards. You will review applications, authenticate employment and financial history, and assess collateral and loan risk to deliver compliant, sellable loans.

The role requires strong analytical ability, attention to detail, and the capacity to work with cross-functional teams across Wholesale and Correspondent

Qualifications

• 5 years of previous experience underwriting residential loan products.
• 3 years underwriting DSCR, Non-Agency, Jumbo, and 1 year underwriting non-QM loans.
• Bachelor’s Degree in Business Administration, Banking, Finance, or 5 years of mortgage underwriting experience.

Responsibilities

• Review all mortgage applications and supporting documents to ensure all necessary information is included for approval.
• Complete the underwriting of DSCR, Non-Agency, Jumbo and Non-QM residential loans.
• Research applicant’s employment and financial history to determine income eligibility.
• Calculate the applicant’s debt-to-income ratio to determine QM compliance.
• Review the applicant’s credit report to ensure debts are properly accounted for and meet loan guidelines.
• Review the property appraisal for collateral requirements and loan product fit.
• Document and verify all supporting documentation to the loan file.
• Communicate reasons for approval or denial and document loan risk assessments.

Skills

Underwriting DSCR

Non-Agency underwriting

Jumbo underwriting

Non-QM underwriting

Analytical skills

Detail oriented

Education

Bachelor’s Degree in Business Administration, Banking, Finance, or related field

Job description

Emporium TPO has been named a Top Workplace three years in a row in the 2024, 2025, & 2026 Scotsman Guide!

Emporium is a wholesale origination platform that is dedicated to servicing professional mortgage brokers and non-delegated correspondent lenders. Our aspirations at Emporium are simple: build a team of talented individuals with shared values who think and behave like owners, create a culture that is focused on exceptional customer service, and deliver quality products and returns to stakeholders. Come join us!

Role Summary

The Underwriter IV will be responsible for ensuring that the incoming real estate loan applications are underwritten and documented. They should ensure that all documented applications in compliance with appropriate company, secondary market, and investor standards, as well as all applicable laws and industry standards.

Responsibilities

• Review all mortgage applications and supporting documents to ensure all necessary information is included for approval.
• Complete the underwriting of DSCR, Non-Agency, Jumbo and Non-QM residential loans.
• Research applicant’s employment and financial history to determine the accuracy, eligibility, and amount of income available to repay the loan.
• Calculate the applicant’s debt-to-income ratio to determine if the loan meets the Qualified Mortgage standard.
• Review the applicant’s credit report to ensure that all debts are properly accounted for in the applicant’s ability to repay, and that the loan meets the credit standards of the loan product requested.
• Review the property appraisal to determine if the property type and condition meet the collateral requirements for the loan product requested.
• Review and verify all supporting documentation to the loan application.
• Document and communicate any and all reasons pertaining to the approval or denial of loan applications.
• Analyze the loan risk and request additional information, if necessary, to ensure all loans approved meet the stated underwriting guidelines of the loan product requested.
• Identify and record application deficiencies as required in rejecting a mortgage loan application.
• Promptly respond to questions on loan files from salespeople, brokers, and operations staff.
• Document in the LOS all relevant and required data to ensure there is a complete digital record of every loan that has been underwritten.
• Rework loans, when needed, to determine new terms, additional conditions needed, or other factors that would result in the funding of a sound, credit-eligible, compliant, and salable loan.
• Assist in the preparation of repurchase responses and/or rebuttal reviews.

Requirements

• 5 years of previous experience underwriting residential loan products.
• 3 years of experience underwriting DSCR, Non-Agency, Jumbo, and 1 year of experience underwriting non-QM loans
• Able to work hours based on the Eastern Timezone.
• Bachelor’s Degree in Business Administration, Banking, Finance, or a related field, or 5 years of experience in mortgage underwriting.
• Extensive knowledge of the guidelines for DSCR, Non-Agency, Jumbo, and non-QM products
• Be knowledgeable of all loan product guidelines offered by the company, DU/LP guidelines, and risk assessment tools used to properly decision residential mortgage loans.
• Strong analytical and decision-making/problem-solving skills.
• Keen eye for accuracy, attention to detail, and the ability to handle a high-volume work load.
• Excellent interpersonal, organizational, prioritization, and time management skills.
• Experience working in a paperless environment.
• Demonstrated appraisal review and complex self-employed tax return analysis skills
• Ability to meet deadlines, deliver effective results, and produce high-quality products with minimal supervision
• Possess clear, concise, and effective written and verbal communication skills
• Ability to support and work across all business channels in underwriting (Wholesale, Correspondent), as needed
• Experience with repurchase responses and/or rebuttal review and response is preferred

Why Join Us?

We’re committed to creating an environment where our team can thrive, both professionally and personally. Here’s what you can expect when you join our organization:

Comprehensive Benefits from Day One

• A range of medical, dental, and vision plan options to meet your needs
• Company-paid life insurance, short-term, and long-term disability coverage
• Access to an Employee Assistance Program offering confidential support for personal, work-life, and everyday needs

Work-Life Integration That Works

• 9 company-recognized holidays, plus your birthday off
• 2 floating holidays for added flexibility
• Generous PTO and sick time
• Paid time off to vote
• Paid parental leave and bereavement leave

Growth & Development

• Ongoing learning opportunities, from technical skills to leadership development
• Tuition reimbursement to support your continued education
• A collaborative culture that prioritizes internal growth and career mobility
• 401(k) plan to help you plan confidently for the future

Culture & Connection

• Team-building events, company outings, and virtual gatherings that foster connection
• A workplace that values collaboration, recognition, and a sense of belonging

And yes, we celebrate you

• Enjoy a birthday surprise from us each year

Emporium is an equal opportunity employer. At Emporium, we are committed to treating all Applicants and Associates fairly based on their abilities, achievements, and experience without regard to race, national origin, sex, age, disability, veteran status, sexual orientation, gender identity, or any other classification protected by law

All offers of employment are contingent upon the successful completion of a background check in accordance with company policy and applicable laws.