Mortgage Underwrite - DE/SAR

Rapid Mortgage

9d•Remote

About The Position

Rapid Mortgage Company is seeking an experienced and highly motivated DE/SAR Mortgage Underwriter to join their elite operations team. This role is responsible for thoroughly evaluating residential mortgage loan applications to ensure compliance with company, investor, and regulatory standards. The underwriter will assess creditworthiness, income stability, asset sufficiency, and collateral value, working closely with processors and leadership to deliver timely and accurate underwriting decisions across FHA, VA, USDA, and Conventional programs. This is a vital, deadline-driven role that demands strong attention to detail, excellent communication skills, and deep underwriting expertise in a fast-paced remote environment.

Requirements

Minimum 3+ years of current mortgage underwriting experience.
Active DE (FHA) or SAR (VA) designation (having both is strongly preferred).
Experience underwriting DPA (Down Payment Assistance) programs.
Proficiency with Encompass Loan Origination System.
Experience analyzing complex borrower profiles, including self-employed borrowers and layered risk.
Strong working knowledge of AUS platforms (DU and LP) and ability to assess manual files when necessary.
Deep understanding of current investor, agency, and compliance guidelines.
Exceptional analytical skills, attention to detail, and time management.
Ability to work independently in a fast-paced remote environment.
Excellent written and verbal communication skills.
No more than a 16-month gap in mortgage underwriting experience (if gap applies, must have stayed up to date on market trends and newest guidelines).
Must have current or recent loan-level underwriting authority (not a trainee or shadowing role).
Encompass and AUS experience is required.

Nice To Haves

Having both DE and SAR designations is strongly preferred.

Responsibilities

Analyze and underwrite loan files including credit, income, assets, appraisals, title, and supporting documentation.
Issue clear, concise approval, suspension, or denial decisions within delegated authority.
Underwrite loans to current FHA, VA, USDA, and Conventional guidelines.
Perform manual underwrites for loans that do not receive AUS Approve/Eligible findings.
Interpret and evaluate complex self-employed income documentation (K-1s, Schedule C, 1120s, 1065s).
Review large deposits, verify funds for closing, and ensure adequate reserves.
Communicate conditions and rationale for decisions to internal stakeholders clearly and professionally.
Ensure all underwritten files meet agency, investor, and federal compliance requirements.
Stay informed on changes to underwriting policies, loan products, and regulatory updates.
Partner with processing and sales teams to promote a collaborative and efficient pipeline.