Karthik Murali
Dombivili
Summary
A Commerce graduate with 11+ years of work experience in Business Process Management operations seeks opportunity to synergize acquired knowledge and academics in an organization that fosters growth and facilitates learning.
Overview
16
16
years of professional experience
Work History
Senior Analyst Insuring
Stellar Outsourcing Solutions
02.2024 - Current
- FHA and VA Insuring.
- Pay Upfront premiums on any Government Loan required to activation.
- Prepare and submit Insurance Applications to FHA and VA for Mortgage Insurance Certificate & Loan Guaranty Certificate.
- Manage any corrections as needed with the appropriate Agency.
- Ensure all insurance policies and registration comply with Federal, State and Investor guidelines.
- Maintain Up-To-Date knowledge of FHA and VA regulations and requirements.
- Manage loans by using all functions of Encompass. Also working knowledge of FHA Connections, FHA Catalyst and VA Loan Guaranty Portals.
- Continuous assessment of pipeline and provide training and support to new hires in the process.
Senior Analyst Loan Set-Up
Altisource Business Solutions Pvt. Ltd.
04.2021 - 02.2023
- Responsible for, processing, monitoring, researching and analysing transactions and resolving complex inquiries.
- Coordinates with multiple internal stakeholders and external clients to gather and disseminate data-related information about transactions.
- Regularly interacts with clients in providing consultation and resolving complex inquiries and transactions.
- Review all required loan data, reports and inspections to ensure the collateral is acceptable to the investor and the company.
- Review Initial Application- Verify loan property, borrower`s information with other available documents- Verify borrower`s monthly income and expenses.
- Knowledge of Lending & Underwriting Guidelines, Credit and Income Analysis, Risk Assessment, Loan To Value Ratio and Debt To Income Ratio.
- Manage loans by using all functions of Encompass.
- Continuous assessment of pipeline and timely requests across all aspects of entire process circle from inception to final closing to ensure that the loan meets product and program requirements.
Senior Analyst Closing
FirstSource Solutions Limited
09.2020 - 03.2021
- Review of underwriter approved loan files in accordance to most recent HUD/RESPA/GFE Compliance pertaining to Conventional, FHA & VA loans (Government) products.
- Conduct internal governance for any internal / regulatory audits, PPM framework.
- Scrutiny of applications for completeness of the forms as per HARP and Conventional loan closing documentation requirements along with review of title commitments, validating closing conditions, reviewing / balancing HUD Statements.
- Audit the file from a closing & compliance standpoint to note any exceptions.
- Assess risk and review for Frauds and Red Flags in addition to auditing closed loan disclosures and signed loan documents.
- Liaison with onshore (US) Underwriters / Clients, insurers and SMEs to ensure quality output along with verification of pre-login cases to ensure meeting / maintaining the 4 C criteria set as benchmark of highest quality standard of the industry.
Senior Preservation Co-ordinator
Altisource Business Solutions Pvt. Ltd.
06.2015 - 01.2020
- Managing of bank owned real estate assets (REO) in a set territory from acquisition till re-sale.
- Status movement of property in application database following state guidelines.
- Ensuring that work and regulatory compliances are adhered at every point from end to end so that there is no code violations attached.
- Issuing of maintenance orders, reviewing, negotiate pricing and approving of bids and estimates.
- Managing of all preservation activities through onshore vendors concluding it with approving payment of completed orders.
- Round the clock communication and coordination with vendors and other departments like code violations team, compliance team, utilities teams to ensure that the property hold worth a sale value to a prospect buyer.
Analyst
Altisource Business Solutions Pvt. Ltd.
02.2013 - 11.2014
- Analysing market conditions of subject properties and determining if the value given to the property is fairly based on recently sold similar comparable.
- Along with submission of property assessments and quality details to the client.
Senior Executive
Balaji Mobile Hub
06.2009 - 07.2012
- As senior executive handled activation of SIM cards and customer queries along with ticket booking of railway and air (international and domestic).
Senior Associate
Altisource Business Solutions Pvt. Ltd.
- Clearing HOA dues on REO properties by seeking payoff via mail, email and fax.
- Verifying the payoff for any discrepancies along with taking approvals on validated payoffs and processing payments.
- Handled critical escalated cases in addition to collating and preparing reports for teams in Bangalore and Mumbai.
Education
Bachelor of Commerce - Banking & Insurance
Mumbai University
01.2009
Higher Secondary Certification -
Maharashtra Board
01.2006
Secondary School Certification -
Maharashtra Board
01.2003
Skills
- US Mortgage Operations
- Loan Set up
- End To End Origination Closings
- Asset management
- Property Preservation And Inspection
- Post Closing And Insuring
Languages Known
- English
- Hindi
- Tamil
- Marathi
Training
- Loan Servicing, Loan Modification, Property Appraisal & Property Preservation
- Fundamentals of entire mortgage loan cycle right from setup to closing and underwriting on different loan programs FHA, Conventional, USDA, VA, No QHEM and Noni Loans.
Personal Information
Date of Birth: 08/12/87
It Expertise
Experienced with Windows (OS) applications (Word, Excel, Outlook, PowerPoint) and Internet.
Languages Known
English
Advanced
C1
Timeline
Senior Analyst Insuring
Stellar Outsourcing Solutions
02.2024 - Current
Senior Analyst Loan Set-Up
Altisource Business Solutions Pvt. Ltd.
04.2021 - 02.2023
Senior Analyst Closing
FirstSource Solutions Limited
09.2020 - 03.2021
Senior Preservation Co-ordinator
Altisource Business Solutions Pvt. Ltd.
06.2015 - 01.2020
Analyst
Altisource Business Solutions Pvt. Ltd.
02.2013 - 11.2014
Senior Executive
Balaji Mobile Hub
06.2009 - 07.2012
Senior Associate
Altisource Business Solutions Pvt. Ltd.
Bachelor of Commerce - Banking & Insurance
Mumbai University
Higher Secondary Certification -
Maharashtra Board
Secondary School Certification -
Maharashtra Board