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12 Senior Underwriter Jobs

Senior Underwriter

4-6 years

Chennai

1 vacancy

Senior Underwriter

Mphasis

posted 1mon ago

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

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What Senior Underwriter at Mphasis are saying

Senior Underwriter salary at Mphasis

reported by 31 employees with 4-11 years exp.
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₹4.2 L/yr - ₹9.6 L/yr
At par with the average Senior Underwriter Salary in India
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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
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Mphasis Benefits

Submitted by Company
Cafeteria
Health Insurance
Soft Skill Training
Job Training
Submitted by Employees
Cafeteria
Health Insurance
Soft Skill Training
Job Training
Work From Home
Team Outings +6 more
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Mphasis Bangalore / Bengaluru Office Locations

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Bengaluru/Bangalore, Karnataka Office
Headquarter
Mphasis Limited, Bagmane Laurel, 1st Floor, Tower A, , Bagmane Technology Park, C V Raman Nagar, Bangalore, Karnataka 560093 Bengaluru/Bangalore, Karnataka
560093
Bengaluru Office
Mphasis Limited Global Technology Village SEZ, Survey Nos. 12/1, 12/2,29 & 30, Mylasandra & Patanegere Villages, RVCE post, Kengeri Hobli, Bangalore Bengaluru
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