QA – Underwriting Job in Chennai | Mortgage Underwriter Careers at Digital Risk

August 22, 2025 Indianjobhub

QA – Underwriting Job Opportunity in Chennai | Mortgage Underwriter Careers at Digital Risk

The mortgage sector has long served as a pillar of economic progress, helping countless individuals and families turn the aspiration of owning a home into reality. In today’s ever-evolving financial services landscape, mortgage underwriting plays a critical role in ensuring loan security, compliance, and trust. Digital Risk, one of the largest mortgage outsourcing providers in the United States, is looking for talented professionals to join its growing team in Chennai, India, as QA – Underwriting Specialists (Mortgage Underwriters).

This opportunity is ideal for individuals with strong analytical skills, a deep understanding of mortgage processes, and a passion for ensuring accuracy and compliance in loan origination. With more than 1,500 team members worldwide, Digital Risk has established itself as a leader in mortgage processing, underwriting, closing, and appraisal support. By joining this team, you will not only advance your career but also contribute to the company’s mission to “Make Mortgages Safe.”

Why Choose a Career in Mortgage Underwriting?

Mortgage underwriting is more than just approving or denying loans—it is about safeguarding financial institutions and helping borrowers make informed, responsible decisions. As an underwriter, you will ensure that every mortgage file meets the highest standards of compliance, accuracy, and risk management.

The role is uniquely positioned at the intersection of financial analysis, compliance management, and customer service, making it a high-impact career path for finance professionals. In addition, the growing demand for secure lending practices means that underwriters are highly sought after in the financial services sector, both in India and abroad.

Position Overview – QA Underwriter

As a QA Underwriter at Digital Risk, your core responsibility will be to review mortgage loan files with precision and accuracy. This includes evaluating a borrower’s income, assets, credit history, collateral, and appraisal reports to ensure compliance with investor and client guidelines.

The role involves working within the client’s loan operating systems and automated underwriting systems (AUS) to make informed decisions, clear conditions, and issue approvals. You will serve as a critical link between loan processors, officers, and compliance teams to ensure loans are processed seamlessly, accurately, and on time.

Key Responsibilities

As a Mortgage Underwriter with Digital Risk, your day-to-day responsibilities will include:

1. Loan Review and Evaluation

Conduct in-depth reviews of mortgage loan files, including borrower income, assets, credit history, and collateral.
Ensure documents are complete, accurate, and compliant with GSE (Government-Sponsored Enterprise) underwriting guidelines.
Identify potential red flags such as unusual credit patterns, discrepancies in income, or appraisal concerns.

2. Data Entry and Compliance

Accurately enter and manage loan information within the client’s loan operating system.
Use automated underwriting systems (e.g., DU/LP engines) to determine eligibility, risk factors, and approval status.
Verify that each loan file complies with Fannie Mae, Freddie Mac, and all applicable investor guidelines.

3. Decision Making

Issue final loan decisions, including approvals, suspensions, or declines, based on compliance checks.
Clear conditions and ensure loan files are complete before moving to the closing stage.
Review and approve conditions for compliance, accuracy, and completion.

4. Risk Management and Red Flag Identification

Spot early signs of ineligibility or fraud by analyzing tax returns, credit reports, and appraisal documents.
Escalate unresolved issues or inconsistencies to senior management for further review.
Apply sound judgment in high-stakes situations to mitigate financial risks.

5. Customer and Stakeholder Support

Provide clear, timely communication to loan processors, loan officers, and clients.
Explain underwriting decisions and conditions in a professional manner.
Deliver excellent customer service to both internal teams and external partners.

6. Knowledge Management and Compliance Updates

Stay updated on the latest mortgage regulations, investor guidelines, and compliance requirements.
Participate in training programs to continuously enhance your underwriting expertise.
Help ensure Digital Risk remains at the forefront of compliance excellence.

Skills and Requirements

To succeed in the QA Underwriting role, candidates must possess a strong mix of technical expertise, financial knowledge, and interpersonal skills.

Minimum Requirements

At least two years of hands-on experience in conventional mortgage loan underwriting
Strong knowledge of income calculations, tax return analysis, and credit report evaluation.
Familiarity with appraisal reviews, including the ability to recognize red flags and ineligible properties.
Comprehensive understanding of Fannie Mae and Freddie Mac regulations, along with practical experience in automated underwriting systems such as DU and LP.
Strong communication skills—both written and verbal—for interaction with clients, stakeholders, and internal teams.
Detail-oriented approach with the ability to manage multiple priorities in a fast-paced, production-oriented environment.
Proficiency in working with paperless loan systems and secure digital environments.
Willingness to work outside standard business hours when required.

Preferred Skills

NMLS-MLO Licensure (preferred but not mandatory).
Ability to work effectively in high-stress situations without compromising accuracy or service quality.
Strong team collaboration skills with the flexibility to adapt to evolving client requirements.

Career Growth and Opportunities

Joining Digital Risk as a QA Underwriter provides opportunities for professional advancement in the financial services sector. Underwriters with proven expertise often transition into roles such as:

Senior Underwriter – handling more complex mortgage files.
Team Lead or Manager – supervising underwriting teams.
Risk Analyst or Compliance Specialist – focusing on fraud detection and risk management.
Quality Assurance Specialist – ensuring continuous improvement in underwriting processes.

With the increasing adoption of AI-driven mortgage processing technologies, underwriters at Digital Risk also gain exposure to cutting-edge financial systems, enhancing both technical and industry expertise.

About Digital Risk

As a subsidiary of the Mphasis group, Digital Risk is recognized as a leading provider of mortgage outsourcing, compliance solutions, and risk management services. With a team of more than 1,500 professionals worldwide, the company supports some of the largest banks and loan originators in the U.S. by delivering services in appraisal, mortgage processing, underwriting, and closing.

Digital Risk is driven by the mission to “Make Mortgages Safe”—ensuring that every loan decision protects both lenders and borrowers while maintaining compliance with stringent regulatory standards.

Why Work at Digital Risk?

Work with leading global mortgage lenders and top financial institutions, gaining unmatched industry exposure.
Innovation-Driven – Work with advanced loan operating systems, automated underwriting engines, and paperless compliance environments.
Career Development – Gain hands-on experience in compliance, financial analysis, and underwriting, with clear pathways for growth.
Team Culture – Be part of a collaborative, high-performance environment that values teamwork, learning, and continuous improvement.
Impactful Work – Directly contribute to securing mortgage loans that help families achieve homeownership dreams.

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Conclusion

The QA – Underwriting (Mortgage Underwriter) role at Digital Risk in Chennai is an exciting opportunity for professionals seeking to advance their careers in the mortgage and financial services industry. With responsibilities that include reviewing mortgage loan files, analyzing borrower profiles, ensuring compliance, and delivering accurate underwriting decisions, this role is central to the company’s mission of making mortgages safe and reliable.

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