Loan Underwriter Specialist

6 days ago


Chennai, Tamil Nadu, India Mphasis Full time

**About Mphasis and the Role**

Mphasis, a leading mortgage outsource provider in the U.S., is seeking a highly skilled Conventional Mortgage Underwriting Professional to join its team. As a key member of our underwriting department, you will play a crucial role in ensuring that mortgage loans are thoroughly reviewed and processed efficiently.

**Job Summary**

The Underwriter's primary responsibilities include reviewing mortgage files submitted to Underwriting. This involves calculating income, analyzing debt and assets, and completing an in-depth review of the completed appraisal and title. Additional responsibilities include entering data into the clients' 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 clients' 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 flags or issues
  • 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

**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


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