Chirag Vijayvergia
Bhayander
Summary
Detail-oriented professional with over a decade of experience directing and enhancing operations through effective employee motivation and policy enforcement. Proficient in best practices, market trends, and regulatory requirements of industry operations. Talented leader with an analytical approach to business planning and problem-solving.
Overview
13
13
years of professional experience
Work History
Assistant Manager
American Calidad Mortgage Consultant Pvt Ltd
01.2024
- Designed and executed Underwriting training programs to train close to 40 Fresher's over a span of 6 Months
- Prepared Company Policies for Orientation
- Prepared Underwriting Checklist for Team member for Smooth process
- Adhoc Responsibilities - Transition Training, SOP creation, Interviewing candidates for underwriting roles.
Manager
GrowQ Pvt Ltd
07.2023 - 10.2023
- Handling loan processing team
- Ensure that loan files are properly organized, maintained, and accurately entered into the company's loan processing systems
- Collaborate with borrowers, real estate agents, and other stakeholders to gather necessary information and documentation
- Assist in preparing closing documents and coordinate with title companies, attorneys, and settlement agents.
Manager
Equilibrium Mortgage Solution
09.2019 - 12.2022
- Participated in on-boarding of clients for Underwriting through sampling files as per client's requirements
- Manage and process all loan request
- Analyze the current work flow, procedures and challenges and suggesting strategy to tackle and resolve the situation
- Onboard new team members and guide them through out their transition period by reviewing their performance and mentoring them to achieve the desired benchmarks
- Adhoc Responsibilities - Handling Client escalations, Transition Training, SOP creation, Corporate Social Responsibility - Interviewing candidates for underwriting roles.
Sr. Underwriter
Quatrro Mortgage Solutions
03.2015 - 09.2019
- Live Underwriting (QM & Non-QM) - Review loan applications pertaining to Credit, Collateral, Capital and Capacity of the Borrower; identify defects and recommend the loan for approval/denial
- Resubmissions - Review documents received for defects / conditions highlighted during Initial Underwriting.
Credit and Income Analyst
Altisource Business Solution Pvt. Ltd.
10.2012 - 03.2015
- Third Party Quality Control of loans prior to being sold to big US Investors like Fannie Mae and Freddie Mac
- Worked for Homeward Residential, Inc , as a client for Altisource Business Solution Pvt Ltd
- On a Prefunding Quality Control process, which requires in depth analysis of all the loan related documents (Credit, Income, Closing-Compliance and Collateral) to check for accuracy of information and compliance
- Worked on a Pre-funding process which needs a thorough review of all the documents related to Credit and Collateral sections of a loan prior to funding.
Associate
TCS - Australia Credit Operations - Credit Cards
06.2010 - 10.2012
- Verification of Customer Application form and Documents
- Data Entry: Manual Lodgement of Application form into Citibank Database
- Data Verification: Verifying data of lodgement done by co-team members
- Image Classification: Document classification of Supporting Documents received for an application
- Employment Verification: Of Applicant's employer's through Censis and VAT.
Education
BMS -
P.D Lions College, Mumbai
01.2010
H.S.C -
P.D Lions College, Mumbai
01.2007
S.S.C -
Holy Cross High school, Mumbai
01.2005
Skills
- Report Generation
- Performance Evaluations
- Staff Training & Development
- Process Improvements
- Quality assurance and control
- Adaptability
Personal Information
- Date of Birth: 10/09/89
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Languages
- English
- Hindi
- Marathi
Extracurricular Activities
Gymming, Badminton, Cricket, Trekking, Weekend Bike trips
Areas of expertise
- Mortgage Underwriting: Skilled in Conventional, FHA, Post Closing, Processing and Non-QM loan underwriting, adhering to industry guidelines and risk management practices. Worked on platform like encompass and Lending QB.
- Conventional Loans: Experienced with Fannie Mae and Freddie Mac standards, assessing creditworthiness and financial stability.
- FHA Loans: Knowledgeable in HUD regulations, including credit score and debt-to-income ratio requirements.
- Non-QM Loans: Proficient in evaluating complex income documentation and applying investor-specific guidelines.
- Risk Assessment: Adept at identifying and mitigating potential risks through comprehensive analysis.
- Regulatory Compliance: Strong understanding of RESPA, TILA regulations.
- Automated Systems: Skilled with DU and LP automated underwriting systems.
- Customer Service: Effective in communicating underwriting decisions and resolving issues with borrowers and stakeholders.
- Documentation Review: Thorough in reviewing and validating loan documentation for accuracy and completeness.
- Training & Mentoring: Experienced in training and guiding junior underwriters and team members.
Languages
English
First Language
Hindi
Advanced (C1)
C1
Marathi
Beginner
A1
Timeline
Assistant Manager
American Calidad Mortgage Consultant Pvt Ltd
01.2024
Manager
GrowQ Pvt Ltd
07.2023 - 10.2023
Manager
Equilibrium Mortgage Solution
09.2019 - 12.2022
Sr. Underwriter
Quatrro Mortgage Solutions
03.2015 - 09.2019
Credit and Income Analyst
Altisource Business Solution Pvt. Ltd.
10.2012 - 03.2015
Associate
TCS - Australia Credit Operations - Credit Cards
06.2010 - 10.2012
BMS -
P.D Lions College, Mumbai
H.S.C -
P.D Lions College, Mumbai
S.S.C -
Holy Cross High school, Mumbai
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