Mphasis Chennai Mortgage Underwriter Salaries by 20+ Employees (Updated 2025)

2 - 9 years exp.

₹3.5 Lakhs - ₹8.2 Lakhs

Salary of majority employees

16% more than the average Mortgage Underwriter Salary in IT Services & Consulting Companies for 2 - 9 years of experience

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Salaries in different departments

Customer Success, Service & Operations Mortgage Underwriter Salary 2 - 7 years exp. (7 salaries)	₹3.5 L/yr - ₹6.6 L/yr
BFSI, Investments & Trading Mortgage Underwriter Salary 4 - 9 years exp. (5 salaries)	₹4 L/yr - ₹7.8 L/yr
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Finance & Accounting Mortgage Underwriter Salary 3 - 6 years exp. (4 salaries)	₹4.6 L/yr - ₹8 L/yr

Last Updated: 12 Feb 2025

Companies similar to Mphasis for Mortgage Underwriter in Chennai

Mphasis Mortgage Underwriter Salary

2 - 9 years exp. (22 salaries)

₹3.5 L/yr - ₹8.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Accenture Mortgage Underwriter Salary 0 - 4 years exp. (168 salaries)	₹1.3 L/yr - ₹6 L/yr 46% less
Teleperformance Mortgage Underwriter Salary 0 - 5 years exp. (33 salaries)	₹2 L/yr - ₹4.1 L/yr 48% less
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TCS Mortgage Underwriter Salary 1 - 9 years exp. (32 salaries)	₹2.3 L/yr - ₹5.6 L/yr 38% less
Wipro Mortgage Underwriter Salary 1 - 6 years exp. (23 salaries)	₹1.6 L/yr - ₹5.2 L/yr 36% less
Firstsource Solutions Mortgage Underwriter Salary 1 - 8 years exp. (21 salaries)	₹2.5 L/yr - ₹7 L/yr 1% more

Mortgage Underwriter salary at Mphasis ranges between ₹3.5 Lakhs to ₹8.2 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 22 latest salaries received from various employees of Mphasis.

Experience wise Mphasis Mortgage Underwriter salaries in Chennai

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
2 years (4 salaries)	₹3.5 L/yr - ₹6 L/yr
3 years (3 salaries)	₹2.1 L/yr - ₹6.6 L/yr
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4 years (4 salaries)	₹4.5 L/yr - ₹6.6 L/yr
5 years (4 salaries)	₹4 L/yr - ₹7.5 L/yr
6 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
7 years (4 salaries)	₹4.3 L/yr - ₹8.2 L/yr
8 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.5 L/yr
9 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr

View all

Similar Designation salaries in Mphasis

Team Lead Salary

(37 salaries)

₹4.84 L/yr - ₹18.6 L/yr

Process Associate Salary

(24 salaries)

₹1.4 L/yr - ₹5 L/yr

Business Analyst Salary

(16 salaries)

₹4.46 L/yr - ₹15.67 L/yr

Top skills at Mphasis for Mortgage Underwriter

US Mortgage Mortgage Underwriting US Mortgage Underwriting Non Voice Post Closing Capacity Title Search Performance Appraisal Appraisal Clearing Loan Origination Loan Processing Capacity Planning Back Office

Salary related reviews for Mphasis

3.3

Rated by 2 employees for salary & benefits

Senior Analyst in Pune

Full Time

Risk Management & Compliance Department

3.0

• posted on 10 Sep 2023

3.0

for Salary and Benefits

Likes

Flexible working hours, Skill development internal platforms or training tools, Self awareness sessions organised by HRBPs

Skill development - Excellent

+2 more

Dislikes

1. No Salary increment from last 4 years in any department, 2. Multiple manager hierarchy, 3. Unnecessary internal PF process, 4. Benefits like Internet bill reimbursement are only on paper, 5. Rude hiring HRs (Negotiate as higher as possible while joining only, because once you join in- you'll not get anything) 6. Unskilled managers or management (not all but some), 7. Appreciations happen only on email, the rewards system (money based) stopped from Q1 2023, you'll get certificates to post on social media/LinkedIn 😁 8. Quarterly bonus will be received only if "whole team" performs better & if your client is 100% happy. Else, forget it. (It doesn't matter how smart/hard you worked

Promotions - Bad

Financial Analyst in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 07 Jun 2023

1.0

for Salary and Benefits

Likes

There is no good things about company

Dislikes

I had been working with mphasis from 2.5 year since I joined I siding get any benifits apart from salary and management as worst TL’s (Geethamma SH, SriRanjini,Saravanan) are behave like managers and they won’t let employees to work peacefully. HR (Ashwini david) also worst like anything she won’t bother about employees concern. Overall not at all good experience.

Salary - Bad

+6 more

Business Analyst in Pune

Full Time

Data Science & Analytics Department

1.0

• posted on 01 Sep 2022

3.0

for Salary and Benefits

Likes

Work life balance while working in HP account.

Job security - Good

+1 more

Dislikes

...imation from HR about it although appraisal rating process completed in time. 3. Decided not to pay the quarterly variable pay without informing the reason.

Skill development - Bad

+2 more

Process Associate in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 05 Jun 2022

1.0

for Salary and Benefits

Likes

Culture in the company is good and they have multiple business LOB's and if you are lucky you can be moved to another business through other programs.

Job security - Good

Dislikes

...ssue perks like other companies. No night shift allowance and no food allowance. Cab available however a certain amount will be deducted from your salary every month.

Salary - Bad

+4 more

Process Associate in Pune

Full Time

Finance & Accounting Department

4.0

• posted on 19 May 2022

4.0

for Salary and Benefits

Likes

...t & culture . Team leader also very supportive. & The management is transparent. Company policies are good , the give good salary hike & appraisal every year.

Salary - Good

+6 more

Dislikes

Salary is decent but career growth is slow.

see more salary related reviews

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What people are saying about Mphasis

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a development consultant

1w (edited)

Harman VS Deloitte VS MPhasis

Which company should I join as QA having 5.5 yrs of exp?

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Mphasis Mortgage Underwriter Salary FAQs

What is the salary of Mortgage Underwriter at Mphasis in Chennai?

The average salary of a Mortgage Underwriter at Mphasis in Chennai typically ranges from ₹3.5 Lakhs to ₹8.2 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Mortgage Underwriter in Chennai at Mphasis earn more than ₹7.9 Lakhs per year, and the top 1% earn over ₹8.2 Lakhs per year. Mortgage Underwriter Salaries at Mphasis can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 20+ Mphasis employees in India.

What is the estimated take home salary of a Mortgage Underwriter at Mphasis in Chennai?

The estimated take-home salary of a Mortgage Underwriter at Mphasis in Chennai typically ranges from ₹43,003 to ₹44,124 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹8.2 Lakhs per year for employees with experience ranging from 2 years to 9 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 20+ salaries received from various employees of Mphasis. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Mortgage Underwriter at Mphasis in Chennai?

To be a Mortgage Underwriter at Mphasis in Chennai, the key skills required include:

- US Mortgage
- Mortgage Underwriting
- US Mortgage
- Underwriting
- Non Voice

These skills are highly valued at Mphasis and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Mphasis for Mortgage Underwriter in India?

Firstsource Solutions

₹2.5 Lakhs to ₹7.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mphasis, depending on the role and experience level.

What is the salary of a Mortgage Underwriter in companies similar to Mphasis in Chennai?

The salary of a Mortgage Underwriter at companies similar to Mphasis in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Wipro	₹1.6 Lakhs to ₹5.2 Lakhs per year
TCS	₹2.3 Lakhs to ₹5.6 Lakhs per year
Accenture	₹1.3 Lakhs to ₹6.0 Lakhs per year
Teleperformance	₹2.0 Lakhs to ₹4.1 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Mortgage Underwriter at Mphasis in Chennai?

The salary growth for a Mortgage Underwriter at Mphasis in Chennai depends on factors such as experience, performance, and promotions. On average, a Mortgage Underwriter in Chennai can expect the following growth trajectory at Mphasis:

Experience	Average Salary Range
2 years	₹3.5 Lakhs to ₹6.0 Lakhs per year
3 years	₹2.1 Lakhs to ₹6.6 Lakhs per year
4 years	₹4.5 Lakhs to ₹6.6 Lakhs per year
5 years	₹4.0 Lakhs to ₹7.5 Lakhs per year

and so on.

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Mphasis Mortgage Underwriter Salaries in Chennai

Mphasis Mortgage Underwriter salary in Chennai ranges between ₹3.5 Lakhs to ₹8.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Mphasis latest salaries received from various employees of Mphasis.