Akshay Dattatray Sawant
Thane
Summary
Results-driven Senior Compliance Analyst with extensive experience at Ocwen Financial Solutions, specializing in risk assessment and quality assurance. Proven track record in executing comprehensive audits and enhancing operational efficiency. Adept at effective communication and attention to detail, successfully identifying compliance deficiencies and delivering actionable insights to leadership.
Overview
19
19
years of professional experience
Work History
Senior Compliance Analyst II (Band Level 3), Compliance Testing
Onity Group Inc previously Ocwen Financial Solutions Pvt Ltd
05.2021 - Current
- Executed audits for regulatory requirements set by CFPB, RESPA, HUD, TILA.
- Identified compliance deficiencies and reported findings to management.
- Coordinated with Business Unit representatives to validate root cause analyses of discrepancies.
- Developed test procedures and conducted reviews for adherence to regulatory guidelines.
- Performed quality checks on team compliance testing and provided constructive feedback.
- Delivered regular updates to leadership and process owners regarding work activities and ad-hoc projects.
Sr. Auditor, Operational Control Testing (Mortgage Compliance)
Ocwen Financial Solutions Pvt Ltd
04.2016 - 04.2021
- Conducted compliance testing for mortgage servicing in accordance with regulatory requirements.
- Maintained comprehensive documentation and evidence for each test conducted per process standards.
- Identified potential risks and logged issues in Metric Stream after discussions with Business Units.
- Executed Loan Boarding testing during transition of loans into a new system application.
- Served as SME, delivering training to new members of Operational Control Testing across all business locations.
Quality Analyst (Loan Modification - Underwriting)
Ocwen Financial Solutions Pvt Ltd (Altisource Business Solutions, Sister Concern - 2011 to Mar 2012
09.2011 - 03.2016
- Conducted quality checks on modification loans processed by underwriters.
- Evaluated borrower eligibility and creditworthiness through income analysis and appraisal report review.
- Coordinated with legal and operational departments for prompt issue resolution.
- Tracked and reported daily loan processing activities to immediate supervisors.
Senior Customer Service Associate (Telecom Process)
FirstSource Solutions Private Limited
02.2009 - 09.2011
- Managed customer accounting for subscriptions, including package upgrades and downgrades.
- Resolved customer escalations within established turnaround time.
- Processed credits and refunds following thorough investigations of escalated issues.
- Coordinated with customers via email and web chat to address and resolve issues.
Associate – Lien Release Department
Countrywide Bank (A subsidiary of Countrywide Financial Corporation International Services)
01.2007 - 03.2008
- Executed property title transfers from lenders to borrowers upon final payment completion.
- Validated loan documents and guarantees to ensure compliance with regulations.
- Verified customer details from loan documents, ensuring accurate system entry according to county laws.
- Facilitated efficient processing of property titles through county offices.
Back Office Coordinator – Home Loans
STeam Tranzact Consulting (I) Pvt Ltd, (DSA of HSBC Bank)
04.2006 - 01.2007
- Executed pre-approval checks for retail loan applications across Western Zone, including Mumbai, Pune, and Ahmedabad.
- Conducted KYC checks to verify authenticity of income documents and bank statements.
- Calculated loan eligibility based on verified financial information.
- Reported discrepancies to Regional Relationship Managers and coordinated resolutions.
Education
B.COM -
UNIVERSITY OF MUMBAI
04.2004
H.S.C -
MAHARASHTRA BOARD
02.2001
S.S.C -
MAHARASHTRA BOARD
03.1999
Skills
- Risk assessment and compliance
- Quality assurance and documentation
- Operational efficiency
- Due diligence
- Effective communication
- Attention to detail
Accomplishments
- Awarded as Top Performer for two consecutive years in the Operational Testing process in 2018 and 2019, and once in the Compliance Testing Process in 2023
- Got Promoted as Senior Auditor in the year 2019
Hobbies and Interests
Watching Movies, Web Series, Playing Cricket & Chess
Timeline
Senior Compliance Analyst II (Band Level 3), Compliance Testing
Onity Group Inc previously Ocwen Financial Solutions Pvt Ltd
05.2021 - Current
Sr. Auditor, Operational Control Testing (Mortgage Compliance)
Ocwen Financial Solutions Pvt Ltd
04.2016 - 04.2021
Quality Analyst (Loan Modification - Underwriting)
Ocwen Financial Solutions Pvt Ltd (Altisource Business Solutions, Sister Concern - 2011 to Mar 2012
09.2011 - 03.2016
Senior Customer Service Associate (Telecom Process)
FirstSource Solutions Private Limited
02.2009 - 09.2011
Associate – Lien Release Department
Countrywide Bank (A subsidiary of Countrywide Financial Corporation International Services)
01.2007 - 03.2008
Back Office Coordinator – Home Loans
STeam Tranzact Consulting (I) Pvt Ltd, (DSA of HSBC Bank)
04.2006 - 01.2007
B.COM -
UNIVERSITY OF MUMBAI
H.S.C -
MAHARASHTRA BOARD
S.S.C -
MAHARASHTRA BOARD
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