9 Sep 2023

Full-Time Mortgage Underwriter Bilingual, Entry Level – Mamallapuram

Phelps Dodge Corp. – Posted by JobsTeam Mamallapuram, Tamil Nadu, India

Job Description

An underwriter for a mortgage company evaluates loan applications and makes decisions based on established criteria. This position’s entry level, “Mortgage Underwriter I,” requires candidates to demonstrate expertise in the underwriting of portfolio loans and conventional loans in accordance with established agency and bank guidelines. Every single one of the mortgage underwriters out there is a skilled, customer-obsessed expert who works inside a strict set of protocols. In all cases, the Mortgage Support Manager is right there on top keeping an eye on them.

Job Title : Mortgage Underwriter Bilingual, Entry Level
Location : Mamallapuram, Tamil Nadu, India
Salary : $ 35.13 per hour.
Company : Phelps Dodge Corp.
Job Type : Full-Time


  • Conform all loan files, including those for portfolio products, to all applicable agency and investor criteria.
  • Analyze credit, income and assets on a loan-by-loan basis to properly assess individual risk, and promptly provide underwriting decisions to Mortgage Originators.
  • Analyze and judge assessments based on their usefulness and conformity to norms in the field.
  • Prove that you can evaluate an applicant’s creditworthiness on your own using your knowledge of underwriting standards, Bank policies and procedures, and your own expertise and experience.
  • Provide exceptional customer care (both internal and external) in a manner that satisfies individual needs of each customer and builds loyalty to Bank.
  • Help prevent, detect, and address mortgage fraud by maintaining a thorough familiarity with loan product criteria and business rules.
  • Maintain the Bank’s appraisal portal and keep in touch with appraisers about updates or revisions, as well as any additional information that may be needed.
  • Verify the property’s legitimacy by looking into the paperwork surrounding it.
  • Collaboration, training, and coaching of other teams in regulatory and/or secondary market updates, income analysis, asset estimates, and condominium reviews
  • controls the updating of all product guides for the portfolio. Whenever necessary, suggests modifications to the portfolio product manuals.


  • strong communication abilities both in writing and speaking
  • Each employee must be able to interact effectively with clients and coworkers in an environment of mutual respect without acting out of character.
  • ability for learning new software and a basic understanding of computers.
  • degree from an accredited college or university in less than four years, or completion of a 64-credit program at a business or trade school.
  • Experience in mortgage underwriting, preferably with a time frame of one to three years, or an equivalent mixture of education and experience, is desirable.

How to Apply


Job Types: Full-Time. Salaries: Less than 20,000.

Job expires in 9 days.

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