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Mortgage Underwriter – DE/SAR
Location
United States
Posted
52 days ago
Salary
0
Seniority
Senior
Job Description
Mortgage Underwriter – DE/SAR
Rapid Mortgage Company
• 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.
Job 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.
Benefits
- 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
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