Job Description

DE/SAR Mortgage Underwriter

Rapid Mortgage Company is a nationally recognized lender known for speed, service, and integrity. We are actively expanding and seeking an experienced and highly motivated DE/SAR Mortgage Underwriter to join our elite operations team. If you're a critical thinker with a deep understanding of agency guidelines and a passion for precision, we want to hear from you.

As a Mortgage Underwriter, you will be responsible for thoroughly evaluating residential mortgage loan applications to ensure compliance with company, investor, and regulatory standards. This includes assessing creditworthiness, income stability, asset sufficiency, and collateral value. You'll work 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.

Key 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.

Required Qualifications

• 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.

What We Offer

• Competitive Salary
• Medical, Dental, and Vision Insurance available day 1
• Company-Paid Life and Long-Term Disability Insurance
• 401(k) Retirement Plan with Company Match
• Paid Time Off (PTO) + Paid Holidays
• Career growth opportunities and continuing education support
• Supportive, collaborative remote team culture

Must-Have Criteria

• 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.
• Please include salary expectations with resume or cover letter to be.

If you're a detail-oriented, deadline-driven DE or SAR Underwriter looking to join a dynamic and respected mortgage company apply now! Submit your resume with salary requirements included.

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