Mortgage Underwriter
Digital Risk, Carrollton, TX, United States
Underwriter
Mphasis Digital Risk is a one stop shop for Mortgage Solutions offering cutting-edge technology tailored to deliver high performance solutions for our clients. We enable enterprises to achieve speed, innovation and personalization in proactively addressing digital disruptive trends. Mphasis Digital Risk’s 1,500+ team members make us one of the largest mortgage outsource providers in the U.S., supplying appraisal and mortgage processing, underwriting and closing to the largest banks and loan originators.
Our unique Front2BackTM(F2B) transformation solutions address each phase of the mortgage life cycle with innovative proprietary technology platforms that can be integrated at any stage - from point-of-sale to closing, and again during due diligence and the secondary market. Business-driven KPI’s, high customer-centricity, efficient automation and extensive connectivity transform businesses to achieve winning top and bottom-lines. Additionally, our expertise in analog to digital, effectively balances the power sharing between business and IT to minimally disrupt existing systems and infrastructure. With a personalized approach powered by digital mortgage solutions, configurable technology and business operations, we deliver transformational improvements to quality, cost, and service. This enables us to help our clients stay ahead in this dynamic industry. Position Overview: The Underwriter’s primary responsibilities include reviewing mortgage files submitted to Underwriting. This position requires 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. Candidates must possess a strong sense of urgency with an ability to work in a team environment, maintaining excellent organizational, communication, and PC skills.
Essential Job Functions:
Underwrite loans in accordance with guidelines; utilizing AUS or manual underwrites Utilize client’s loan operating system 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 Ability to interpret and apply client overlays and investor guideline requirements Resolve pre and post-closing issues as they relate to underwriting Assist Processors/Loan Officers in understanding underwriting decisions and conditions This position has the option of becoming Hybrid (this is only an option for Jacksonville, FL and Maitland, FL employees) Candidates are required to be in the office for training and ramp Monday-Friday for the first 4-6 months To qualify for Hybrid, candidates are required to achieve and maintain documented performance metrics Work from home days are pre-determined by the business
Requirements: Minimum 3+ 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 ineligible properties Thorough working knowledge of GSE underwriting guidelines, manual 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 NMLS-MLO Licensure preferred but not required
Mphasis Digital Risk is a one stop shop for Mortgage Solutions offering cutting-edge technology tailored to deliver high performance solutions for our clients. We enable enterprises to achieve speed, innovation and personalization in proactively addressing digital disruptive trends. Mphasis Digital Risk’s 1,500+ team members make us one of the largest mortgage outsource providers in the U.S., supplying appraisal and mortgage processing, underwriting and closing to the largest banks and loan originators.
Our unique Front2BackTM(F2B) transformation solutions address each phase of the mortgage life cycle with innovative proprietary technology platforms that can be integrated at any stage - from point-of-sale to closing, and again during due diligence and the secondary market. Business-driven KPI’s, high customer-centricity, efficient automation and extensive connectivity transform businesses to achieve winning top and bottom-lines. Additionally, our expertise in analog to digital, effectively balances the power sharing between business and IT to minimally disrupt existing systems and infrastructure. With a personalized approach powered by digital mortgage solutions, configurable technology and business operations, we deliver transformational improvements to quality, cost, and service. This enables us to help our clients stay ahead in this dynamic industry. Position Overview: The Underwriter’s primary responsibilities include reviewing mortgage files submitted to Underwriting. This position requires 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. Candidates must possess a strong sense of urgency with an ability to work in a team environment, maintaining excellent organizational, communication, and PC skills.
Essential Job Functions:
Underwrite loans in accordance with guidelines; utilizing AUS or manual underwrites Utilize client’s loan operating system 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 Ability to interpret and apply client overlays and investor guideline requirements Resolve pre and post-closing issues as they relate to underwriting Assist Processors/Loan Officers in understanding underwriting decisions and conditions This position has the option of becoming Hybrid (this is only an option for Jacksonville, FL and Maitland, FL employees) Candidates are required to be in the office for training and ramp Monday-Friday for the first 4-6 months To qualify for Hybrid, candidates are required to achieve and maintain documented performance metrics Work from home days are pre-determined by the business
Requirements: Minimum 3+ 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 ineligible properties Thorough working knowledge of GSE underwriting guidelines, manual 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 NMLS-MLO Licensure preferred but not required