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5 Mphasis Underwriter Jobs
QA - Underwriting
2-6 years
₹ 2.8 - 7L/yr (AmbitionBox estimate)
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.
Pune
1 vacancy
QA - Underwriting
Mphasis
posted 4mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Position Overview:
Perform in-line quality control reviews of mortgage loan files for adherence to specific lender guidelines with an emphasis on buy-pre and post-closing audits, compliance, and other client required quality service levels. Reviews include identifying potential fraud and/or misrepresentation, processing / underwriting deficiencies, compliance violations, and/or applicable scope specific opportunities. Partner with client s quality departments and Digital Risk s internal Corporate QA to align, calibrate and respond to quality plans and findings. Work within a corporate structure, as well as within the client-level management team to ensure alignment of company and client quality standards.
Essential Job Functions:
Review and provide Quality Control feedback on loan file reviews completed by internal staff
Review applications for completeness prior to final underwriting approval , Review at ICD, Review Checklist prior to submission to Closing, Review Needs List, Review Documentation, Cite Findings for Missing Documentation, Review Doc Expiration Dates, Cite Findings for Expired Documentation, Review Income Calculations, Cite Findings for Income Errors, Confirm loan product is in compliance with program guidelines and borrower eligibility
Review employment documentation and re-calculate income documentation
Reviews loan files submitted by U/W for borrowers to ensure file meets loan program requirements. Includes analysis of: loan application, credit profile/report(s), debt and assets, income/financial statements, loan values/loan-to-value ratios, appraisal reports, collateral and supporting documentation
Review credit report and re-calculate liabilities
Review title commitments, hazard and flood insurance
Perform Appraisal Reviews for completeness and compliance with program guidelines
Identify all red flags within a loan file and ensure they are addressed accordingly
Other Ad Hoc Reviews as needed
Follow quality control policies and procedures to ensure compliance with scopes of work
Support the Unit(s) by providing accurate, concise, and constructive feedback details to Team Managers and responsible team members
Must be able to fulfill the role of subject matter expert for the team and scope assigned
Assist leadership team as needed
Requirements:
Most currently be a U/W QC and should have demonstrated excellent quality.
Must have demonstrable, relevant skills and experience in quality control support and practices in the mortgage loan industry
Demonstrate impeccable written and verbal communication skills
Excellent time management skills with an emphasis on quality
Should have knowledge in the policies, principles and practices of mortgage loan processing, and underwriting
Must be self-motivated, creative and able to work in a team environment while thinking independently and sharing knowledge and ideas
Must be able to multi task between multiple analytical projects and able to adapt to constant modification of the work flow
Strong computer skills
About Digital Risk:
Employment Type: Full Time, Permanent
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People are getting interviews at Mphasis through
People are getting interviews through
(based on 504 Mphasis interviews)
Job Portal
Campus Placement
Referral
Company Website
Walkin
Recruitment Consultant
35%
18%
12%
7%
6%
4%
18% candidates got the interview through other sources.
High
Confidence
?
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What Underwriter at Mphasis are saying
Rating based on 11 Underwriter
reviews
Anonymous · Back Office
in Pune, Maharashtra
Likes
Work environment
Dislikes
There is no any issue all is good.
Read 11 reviewsUnderwriter salary at Mphasis
reported by
80
employees
with 2-9
years exp.
₹2.8
L/yr - ₹9
L/yr
6%
more
than the average Underwriter Salary in India
View more details
What Mphasis employees are saying about work life
based on 7.8k 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 Pune Office Locations
Pune Office
Mphasis Software & Services India P, No. 33, 2nd Floor, Sakar 10, Sassoon Road, Opp. Jehangir Hospital, Camp, Swargate
Pune
Maharashtra 411001
Maharashtra 411001
Pune Office
Mphasis Limited, Magarpatta, Cybercity, Tower IV, Magarpatta City, Hadapsar
Pune
Maharashtra 411013
Maharashtra 411013
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