ANUP HEGDEKAR
Underwriting Preofessional
Wadala
Summary
To Seek a challenging role in a dynamic organization where my proven expertise in financial analysis, underwriting, and team management can be leveraged to drive operational excellence and contribute to the company's growth and success
Overview
16
16
years of professional experience
1
1
Language
Work History
Manager-Financial Analyst
Visionet Systems
03.2021 - Current
- Planned employee workloads and delegated tasks strategically to meet seasonal fluctuations in demand.
- Directed and managed operations of 27 staff in fast-paced (underwriters & processors -lateral plus Fresher for Loan Setup, Processing, Pre & Initial Underwriting along with condition clearing)
- Resolved complex customer enquiries, disputes and complaints.
- Ensure contractual scope of services is delivered to the highest
- Monitor team performance and provide documented feedback on the areas of improvement.
- To ensure that supervision and guidance for quality standards is adequate to meet client requirements.
- Create & maintain training SOP based on the updates (maintaining Query/defect tracker).
- Conducting weekly meetings to discuss process updates, note concerns/suggestions of team members
- Interacting with clients on Biweekly/Monthly basis for daily operational activities to understand and manage SLA.
- Capacity management based on forecasted volume.
- To create an environment of high performance and high employee engagement leading to better retention of staff.
- Maintaining routine tracker for processing and underwriting team (EOD report, Production report, Queue Allocation report, Attendance, Performance, etc.)
- Perform sample QC for team member to minimize the error.
Senior Quality Analyst
First Source
02.2020 - 03.2021
- Providing feedback to onshore underwriters.
- Prepare and publish monthly audit report for the management.
- Maintain and update appropriate audit record
- Working in Correspondence underwriting (Pre-fund loans).
- US Mortgage Underwriting: Analyze Credit, Income, Asset and Collateral of mortgage applicants.
- Compliance with regulatory agencies laid guidelines and Investor guidelines.
- Assessing the performance, risks, insuring and salability of loans on the basis of income, asset and credit, property evaluation, LTV, DTI etc.
- Product specialization in Conventional (Purchase, Cash-out Refinance, Rate & Term Refinance loans).
- As a third party audit, giving the satisfactory findings to the client based on the overlays set by the client.
SME (Subject matter expert) and quality analyst
Mphasis
07.2016 - 01.2020
- Providing floor support and taking the responsibilities of the team leader in his absence.
- Mentoring new employees and working closely with the training team and providing root cause analysis on the basis of quality checks.
- Constant follow up with client overlays.
- Providing feedback to underwriter.
- Reviewing loans (Final underwriting) as per requirement during high in flows.
Senior Underwriter
QUATRRO
03.2015 - 03.2016
- Reviewing Credit, Income, Asset, Collateral and Title analysis of mortgage applicants. ( For Prior to close loans)
- Compliance with regulatory agencies laid guidelines and Investor guidelines.
- Analyzing and assessing the performance, risks, insuring and salability of loans on the basis of income, asset and credit and property evaluation.
- Constant follow up on FNMA & Freddie Mac guidelines & update team for the same.
- As a third party audit, giving the satisfactory findings to the client based on the overlays set by the client.
- Product specialization in (Purchase, Cash-out Refinance, Rate & Term Refinance loans) and Conventional (purchase, Cash Out, Limited cash out, Du-refi plus and investor loans) for both Fixed and ARM mortgages.
Credit and Income Underwriter (US Mortgage)
ALTISOURCE
08.2012 - 02.2014
- Worked on Retail and Correspondence loans. (Conventional loans- post closed loan)
- Underwriting-Credit, Capacity and Capital. ( Collateral partially)
- Analyze employment profile, credit strength, property characteristics and all other information pertinent to the credit decision process on each mortgage application, as presented by the broker.
- Apply internal guidelines and insurer guidelines (FNMA & Freddie Mac) to the credit decision process.
- Capturing the end to end process knowledge.
- Provide suggestions and rectification of in house application (Aces) used for processing loans.
- Additionally handled tasks from team leader on escalated mail and scrubs.
- Quality check of the loans.
- Maintained 100% quality throughout my tenure.
Loan resolution coordinator (Modification underwriter) - US Mortgage
OCWEN
11.2009 - 08.2012
- Underwriting - HAMP and In-house Modification.
- Handling Back office operations – Home retention department.
- Carried out various assessment process of underwriting.
- Processed loans and ensured timely approvals for the same.
- Additionally handled reports from CCS team, escalated mails, process issue loan & MHAC Audit loan for the team as assigned to me by the team leader.
- Consistently ensured high level of work performance at all times.
- Ensured maximum yield & output by willingly putting in additional work hours when ever required.
- Provided training & mentoring to the new employees on various occasions.
Education
B.Com -
Dr. Ambedkar College, Mumbai University
01.2008
XII - undefined
SIWS College
01.2005
Skills
Operations management
Financial analyst
Awards
Presented with Leadership Excellence Award & Team Excellence Award (Visionet), Promoted as Backup/Acting TL. (First Source), Awarded with Summit, Quarterly and Monthly awards (Mphasis), Awarded as “Top performer”, “Extra Miler” for the year 2010-2011. (Ocwen), Achieved the “Top quality performer” award for 2010, 2011 & 2012. (Ocwen), Recognized & rewarded for achieving maximum Unit (target) for the competition held December 2010.
EXTRA CURRICULAR ACCOLADES
Completed Advance Diploma in Animation Software {3Ds Max & Maya}. Computer Components Knowledge | PC Computer Hardware Knowledge. Sports: Represented my school for inter-school Basket Ball.
Timeline
Manager-Financial Analyst
Visionet Systems
03.2021 - Current
Senior Quality Analyst
First Source
02.2020 - 03.2021
SME (Subject matter expert) and quality analyst
Mphasis
07.2016 - 01.2020
Senior Underwriter
QUATRRO
03.2015 - 03.2016
Credit and Income Underwriter (US Mortgage)
ALTISOURCE
08.2012 - 02.2014
Loan resolution coordinator (Modification underwriter) - US Mortgage
OCWEN
11.2009 - 08.2012
XII - undefined
SIWS College
B.Com -
Dr. Ambedkar College, Mumbai University
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