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Mortgage Underwriting Expert

1 week ago


Chennai, Tamil Nadu, India Mphasis Full time
About Mphasis

Mphasis is a leading provider of mortgage outsourcing services, supplying appraisal and mortgage processing, underwriting, and closing to the largest banks and loan originators.

We have over 1,500 team members and are one of the largest mortgage outsource providers in the U.S.

Our mission is to make mortgages safe by blending human experience and state-of-the-art technology to serve our workforce and clients.

Job Responsibilities

The Mortgage Underwriting Expert will be responsible for:

  • Reviewing mortgage files submitted to Underwriting, calculating income, analyzing debt and assets, and completing an in-depth review of the completed appraisal and title.
  • Entering data into the client's loan operating system and utilizing an automated underwriting system to determine approval and clearing conditions for Final Approval.
  • Evaluating and ensuring overall loan documents are accurate, complete, and compliant.
  • Identifying and/or clearing red flags or issues that may impact the loan.
  • Issuing loan decision and condition file accordingly.
  • Reviewing and approving conditions for compliance and completion of loan file.
  • Providing excellent customer service to internal and external clients.
  • Maintaining current knowledge of client and investor requirements.
  • Resolving pre- and post-closing issues as they relate to underwriting.
  • Assisting Processors/Loan Officers in understanding underwriting decisions and conditions.

Requirements

To be successful in this role, you will need:

  • 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.