Mortgage Underwriting Specialist
1 week ago
At Mphasis, we're committed to making mortgages safe and secure. As a Mortgage Underwriting Specialist, you'll play a critical role in reviewing mortgage files submitted to underwriting. This position requires strong analytical skills, attention to detail, and excellent organizational abilities.
The successful candidate will be responsible for 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.
Key Responsibilities:
- 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 alerts
- 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
Requirements:
- Minimum 2+ years current conventional mortgage loan underwriting experience
- Strong knowledge of income calculations, tax returns, reading credit reports, identifying red flags
- 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
Compensation and Benefits:
We offer a competitive salary range of $65,000 - $80,000 per year, depending on experience. In addition to a comprehensive benefits package, we also provide opportunities for professional growth and development.
About Us:
Mphasis is a leading provider of mortgage services, dedicated to making mortgages safe and secure. With over 1,500 team members across the US, we deliver high-quality services to our clients and customers.
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