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Senior Underwriter
Mphasis
posted 1mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Underwriter - QC
Digital Risk s mission to Make Mortgages Safe relies on the perfect blending of human experience and state-of-the-art technology to serve its workforce and clients.
Digital Risk s 1,500+ team members make us one of the largest mortgage outsource providers in the U.S., supplying appraisal and mortgage processing, underwriting and closing to the largest banks and loan originators.
Position Overview:
The post-closing loan file review process must include a review of the loan to assess the accuracy and integrity of the information used to support the lending decision, the documentation of any defects identified through the review, and an assessment as to whether or not the loan complies with the Selling Guide , all related contractual terms and agreements, and is in all respects eligible for delivery to Fannie Mae.
Essential Job Functions:
Perform complete and in-depth review of mortgage loan files including; income, assets, credit and collateral
The accuracy and completeness of the loan application;
The existence and accuracy of the underwriting documents, including reverifications of underwriting documents, and a data integrity review;
The underwriting decision to confirm it is supported;
The output from any third-party data analysis tools;
The data entered into DU, if applicable;
The appraisal, if applicable;
The property eligibility;
The project eligibility, if applicable;
Compliance with the mortgage insurer s guidelines, and documentation of adequate mortgage insurance coverage;
The existence and accuracy of legal, transaction documentation (for example, sales contract), and closing documentation; and
Compliance with all federal, state, and local laws and regulations.
Ability to identify and/or clear red flag or s
Issue loan decision and condition file accordingly
Maintain current knowledge of client and investor requirements
Must be able to work in a high stress environment while delivering a high-level of customer service
Ability to work more than 40 hours a week, on an as needed basis
Requirements:
Minimum 3+ years current mortgage loan underwriting experience
o Strong knowledge of income calculations, tax returns, reading credit reports, identifying red flags
o Basic knowledge of appraisal and ability to recognize red flags and ineligible properties
Thorough working knowledge of GSE underwriting guidelines and automated underwriting engines (DU/LP)
Strong analytic, interpersonal, and verbal and written communication skills
Detail-oriented with strong ability to time manage
Ability to work in a flexible and production-oriented environment
Must be willing and able to work as part of a team
Strong capability to work in multiple systems - paperless environment
Must be willing to work in strict security environment
Candidates must be available to work outside of normal business hours when necessary
About Digital Risk:
Employment Type: Full Time, Permanent
Read full job descriptionPrepare for Senior Underwriter roles with real interview advice
Top Mphasis Senior Underwriter Interview Questions
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Q3. Why Mphasis? What do you know about us?
What people at Mphasis are saying
Senior Underwriter salary at Mphasis
reported by
31
employees
with 4-11
years exp.
₹4.2
L/yr - ₹9.6
L/yr
At
par with the average Senior Underwriter Salary in India
View more details
What Mphasis employees are saying about work life
based on 8.4k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Mphasis Benefits
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Cafeteria 
Health Insurance Soft Skill Training Job Training
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Mphasis Chennai Office Locations
Chennai Office
Mphasis Limited
DLF SEZ IT Park,
Block 8, 4th, 8th, 9th and 10th Floor, 1/124,
Shivaji Garden, Moonlight Stop,
Mount Poonamalle Road,
Chennai
Chennai
600089
600089
Chennai Office
Mphasis Limited
DLF SEZ IT Park,
Tower 1B, Level 1-5, 1/124,
Shivaji Garden, Manapakkam,
Mount Poonamalle Road,
Chennai
Chennai
600089
600089
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