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3.4

based on 8.3k Reviews

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3 Mphasis Underwriter Jobs

Team Lead- Underwriting

Mphasis Limited

 · 

3.4

 based on 8.3k Reviews

5-8 years

₹ 5.2 - 7.5L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

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

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What Underwriter at Mphasis are saying

4.4
 Rating based on 11 Underwriter reviews

Likes

Work environment

  • Salary - Excellent
    • +6 more
Dislikes

There is no any issue all is good.

Read 11 Underwriter reviews

Underwriter salary at Mphasis

reported by 83 employees with 2-11 years exp.
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₹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 8.3k employees
67%
82%
68%
63%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

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
View more benefits

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Mphasis Bangalore / Bengaluru Office Locations

View all
Bangalore / Bengaluru  (7) Pune  (3) Chennai  (2) Mumbai  (1) +3 more
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
560059

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