Financial Services Underwriter
2 days ago
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.
- 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.
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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