Himanshu Arora

• Processed conventional, government loans (FHA and VA) with the knowledge of FNMA and Freddie Mac guidelines and standards through the DU and LP systems.
• Provided reviews loan files for completeness and accuracy, analyzing credit documents including but not limited to mortgage applications, credit history and all applicable compliance documents. Evaluated loan-to-value ratios, credit score, current liens, derogatory accounts, credit inquiries and various other factors.
• Assessment of the risk associated with complex financial products, loan documents and other relevant information to identify and escalate issues to management.
• To identify process gaps & to work on them in order to make processes across teams error free.
• Documenting the updates in Process, Checklist and SOP's.
• Working closely with the senior leadership team on ad-hoc process improvement projects.
• Provide training and query handling of team members reviewing loan documents after initial approval.
• Discovered root causes of problems and identified appropriate solutions.

Analyst

• Perform pre-underwriting on VA IRRRL loan files and evaluate financial strength of credit worthiness of the borrower.
• Configure financial data and documents in the ERP system.
• Detect and analyzing red flags in the documents.
• Reviewing client escalation and solving issue within the time.
• Coordination and working closely with the QC Team for loan disbursement process for ensuring all loans are funded in compliance and without any defects or quality control issue.
• Analyze requirement from the stakeholder's perspective, followed by effective implementation of the requirement.
• Preparation and audit of risk reports such as Position Overview, Exposure to coverage ratio analysis and Capital Market Snapshot to evaluate risk exposure for the firm.
• Monitoring and sending Margin Calls based on prices from trade web / Bloom-berg and handling margin call disputes related to MTM amount as per MSFTA sifma agreement.
• Daily analysis of mortgage pipeline for discrepancy checks and risk exposures to assist trading desk in hedging the mortgage pipeline efficiently.
• Preparation of Custodian status report to keep track of loans sent to custodian for analysis and number of loans present for mortgage pool preparation.

Associate Analyst

• Review title documents i.e E&O policy, closing protection letter and wire instructions.
• Review title and escrow company documents.
• Perform verification's as per the process to determine authenticity of data.
• Perform SAM, SCP and LDP verification.
• Assist to clear conditions and expedite loan closings.

• Independently responsible for acceptance/ rejection of customer activation based on his own judgement in line with laid down regulatory requirements
• Responsible for physical signoff of all activations (ensure all the checks and processes are carried out and mandatory fields in the Customer Acquisition Form (CAF) are filled before sign-off
• Do audit of Data Entry, Scanning and dispatch of the forms
• Report any discrepancies on a daily basis to ZCL and Circle Activation Lead.