Financial Services Underwriter

2 days ago


Pune, Maharashtra, India Mphasis Full time
About the Role

We are seeking a skilled Residential Mortgage Underwriter to join our team at Mphasis. As a key member of our financial services team, you will play a critical role in ensuring that all loan applications meet our stringent underwriting guidelines.

The successful candidate will have a minimum of 2-3 years of experience working as a Residential Mortgage Underwriter and possess strong knowledge of income calculations, tax returns, reading credit reports, and identifying red flags.

Responsibilities
  • Underwrite residential mortgage loans in accordance with conventional/FHA and VA guidelines.
  • Review and analyze loan files submitted for borrowers to ensure they meet loan program requirements.
  • Input data and analysis of findings in Loan Prospector, Desktop Underwriter, Asset Wise, and other AUS engines.
  • Analyze income from salaried, commissioned, self-employed, investments, fixed income sources.
  • Analyze asset statements for all types of asset accounts.
  • Identify and calculate loan risk of loss.
  • Communicate status and decisions (approval, suspense, denial) to the appropriate individuals.
Requirements
  • Strong knowledge of income calculations, tax returns, reading credit reports, and identifying red flags.
  • Experience in reviewing appraisal and title, and ability to recognize red flags and ineligible properties.
  • Good planning skills.
  • Good balance between people, process, and clients.
  • Good client management and relationship-building skills.
What We Offer

As a Residential Mortgage Underwriter at Mphasis, you can expect a competitive salary range of $65,000 - $80,000 per annum, depending on your experience and qualifications.

We offer a dynamic work environment, opportunities for career growth and development, and a comprehensive benefits package.



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