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119 Mphasis Jobs
Underwriter
Mphasis
posted 4mon ago
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Key skills for the job
Job Description
Underwriter
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 Underwriter s primary responsibilities include reviewing mortgage files submitted to Underwriting. This position requires calculating income, analyzing debt and assets, as well as completing an in-depth review of the completed appraisal and title. Additional responsibilities include entering data into the client s loan operating system, utilizing an automated underwriting system to determine approval and clearing conditions for Final Approval. Candidates must possess a strong sense of urgency with an ability to work in a team environment, maintaining excellent organizational, communication, and PC skills.
Essential Job Functions:
Perform complete and in-depth review of mortgage loan files including; income, assets, credit and collateral
Utilize client s loan operating system to ensure accurate data entry
Underwrite loans in accordance with client guidelines; utilizing AUS or manual guidelines
Evaluate and ensure overall loan documents are accurate, complete, and compliant
Ability to identify and/or clear red flag or s
Issue loan decision and condition file accordingly
Review and approve conditions for compliance and completion of loan file
Provide excellent customer service to internal and external clients
Maintain current knowledge of client and investor requirements
Resolve pre and post-closing issues as they relate to underwriting
Assist Processors/Loan Officers in understanding underwriting decisions and conditions
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, on an as needed basis
Requirements:
Minimum 2+ years current conventional 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
NMLS-MLO Licensure preferred
Candidates must be available to work outside of normal business hours when necessary
Employment Type: Full Time, Permanent
Read full job descriptionPrepare for Underwriter roles with real interview advice
Top Mphasis Underwriter Interview Questions
Q1. how many types of constructor are there? ---told
Q2. What are sub files, types of sub files, difference, which one is used in which conditions.
Q3. Can you walk me through a application migration scenario from onprem to cloud
What people at Mphasis are saying
Rating based on 12 Underwriter
reviews
Anonymous · Customer Success, Service & Operations
in Pune
Likes
Work environment
- Salary - Excellent
+6 more
Dislikes
There is no any issue all is good.
Underwriter salary at Mphasis
reported by
70
employees
with 3-11
years exp.
₹3
L/yr - ₹9
L/yr
17%
more
than the average Underwriter Salary in India
View more details
What Mphasis employees are saying about work life
based on 8.6k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Mphasis Benefits
Submitted by Company
Cafeteria 
Health Insurance Soft Skill Training Job Training
Submitted by Employees
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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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