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Engaged Employer

Mphasis

Compare

3.4

based on 8.4k Reviews

Video summary

148 Mphasis Jobs

Team Lead- Underwriting

Mphasis Limited

3.4

based on 8.4k Reviews

5-8 years

₹ 5.2 - 7.5L/yr (AmbitionBox estimate)

Chennai

1 vacancy

Team Lead- Underwriting

Mphasis

posted 3mon ago

Job Role Insights

Flexible timing

Key skills for the job

Data Entry Software Configuration Management Data Analytics Customer Service Credit Management US Mortgage

+ 3 more

Job Description

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

About Digital Risk

Employment Type: Full Time, Permanent

Read full job description

Prepare for Underwriter roles with real interview advice

What people at Mphasis are saying

3.8

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.

Read 12 Underwriter reviews

Underwriter salary at Mphasis

reported by 83 employees with 2-11 years exp.

Unlock

₹2 L/yr - ₹9 L/yr

11% more than the average Underwriter Salary in India

View more details

What Mphasis employees are saying about work life

based on 8.4k employees

67%

82%

68%

63%

Flexible timing

Monday to Friday

No travel

Day Shift

View more insights

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Mphasis Chennai Office Locations

View all

Chennai (2)

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

Chennai Office

Mphasis Limited DLF SEZ IT Park, Tower 1B, Level 1-5, 1/124, Shivaji Garden, Manapakkam, Mount Poonamalle Road, Chennai Chennai
600089