Commercial Loan Officer

Mphasis Ltd


Not disclosed

Work from Office

Full Time

Min. 2 years

Job Details

Job Description

QA - Underwriting


Digital Risk’s mission to Make Mortgages Safe relies on the perfect blending of human experience and state-of-the-art technology to serve its workforce and clients.

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.

Position Overview:

The Mortgage Underwriter QA will be responsible for Auditing all Files underwritten by Onshore Underwriters while maintaining good reporting and providing regular Feedback to UW. Candidates must possess a strong sense of urgency with an ability to work in a team environment, maintaining excellent organizational, communication, and PC skills. Candidate must be able to Ensure that Audit Timelines are meet and files are turned around in timey manner.

Essential Job Functions:

Underwrites Conventional, FHA and VA loans

Perform complete and in-depth review of mortgage loan files including; income, assets, credit and collateral in accordance with Fannie Mae selling guidelines and Lender overlays

Well worst with Self-employment Cash-flow and Income Analysis , Read business tax returns 1120s, 1065 and K1

Calculate Loan-To-Value/CLTV, Debt-To-Income and housing ratios

Evaluate and ensure overall loan documents are accurate, complete, and compliant with Investor guidelines

Risk Analysis, Identify red flags and note the file with all required conditions

Independently manage active files, including the conditions clearing and act as a contact point for Processors and Loan Officers in understanding of policies and procedures, and QC Audit issues

Utilize client’s loan operating system to ensure accurate data entry

Maintain current knowledge of client and investor requirements adaptable to changing updates and ensure loans are underwritten accordingly

Obtain approvals from Mortgage Insurers and Investors by forwarding the terms based on their requirements, also seek Second Level Reviews with Risk Managers

Opening the appropriate tasks in case of Approvals, Denials, Counter offers and Out of scopes

Review and approve conditions for compliance and completion of loan file

Possess thorough knowledge of underwriting and to be detail oriented with excellent research and decision making ability under deadline pressure to achieve Quality SLA


3+ years of Mortgage Underwriting experience

Knowledge of UW Fannie Mae & Freddie Mac Guidelines requirements

Expertise in Income calculation. Cash flow analysis, etc

Proficient in review of credit report, Appraisal report, Income documents, Title commitment, Assets & Liability docs

Must maintain the highest standard of attention to detail

Good computer/technical knowledge-paperless environment

Excellent Analytical and communication skills

Candidates must be Able to work a rotational schedule encompassing the hours of 8 to 8 in a 40 hour work week; this will involve several days a week working an 11-8 schedule, according to a preset schedule

Job role

Work location



Banking / Insurance / Financial Services

Role / Category

Investment Banking, Private Equity & VC

Employment type

Full Time


Day Shift

Job requirements


Min. 2 years

About company


Mphasis Ltd

Job posted by Mphasis Ltd

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