MALYALABHAVANI MALYALA

UNDERWRITER ANALYST

FIRST SOURCE SOLUTIONS

07.2020 - Current

An Analyst with two years of experience in the US mortgage industry, including expertise as a Subject Matter Expert (SME). Seeking a challenging role in a reputable institution where I can utilize my skills to ensure accurate, compliant, and efficient underwriting processes.
Dedicated to delivering exceptional service to clients while contributing positively to team objectives.
Roles and Responsibilities- Income calculation - salaried, self employments, other incomes (VA benefits, SSA, Pension, seasonal etc.,)
Complete review of collateral and property valuation.
Analysis & Validate loan information, LTV, CLTV and HCLTV calculation, Housing Ratio and Debt to Ratio (DTI) calculations.
Analyze employment profile, credit strength, property characteristics and all other information pertinent to the credit decision process on each mortgage application.
Perform complete appraisal review and make sure the appraisal meets all the guideline and the appraiser has used appropriate comparable with required adjustment and made appropriate comments. Also make sure the property does not have any deficiency.
Determining Income of Borrower through Paystubs, Tax returns, W2 and other docs.
Calculate asset required for closing and reserve purpose for the transaction (as per guideline).
Complete review of data consistency across the entire loan documents.
Condition for missing documentations to complete the underwriting review.
Review loan specific guidelines to stay up-to-date with all requirements.
Trained and certified internally to process US mortgage applications.
The Major responsibilities are preparing loan applications and completing junior underwriting and pre-underwriting tasks by posting necessary entries and performing Quality checks on the processed files.
Sending the Quality report to leads and associates and giving feedback to improve the quality.
Further analyzing and verifying documents.
Finally initial closing disclosure will be sent to the borrower with loan details and anticipated closing date.
Later file will be submitted to the underwriter to analyze 4'Cs.
Analyzing borrower's mortgage application to complete pre-underwriting process.
Downloading all the Tax and insurance, payoff information document.
Posting all the necessary entries on Taxes and insurances to collect from the borrower.
Verifying the loan amount, interest and principal other discount or penalties if any.
Preparing the borrower loan application to move to the next level by verifying all the trackers then the loan set to completed status.
Further analyzing current mortgage loan application status to collect a rate lock for the particular period.
Whether to collect against borrower or lender which caused delay in the processing the loan application.
Ensuring there is no late payment and less credit score as per the set criteria.
Analyzing and verifying hazard insurance policy verification document.
Analyzing and verifying proof of occupancy and social security number documents.
Analyzing and verifying payoff document and fraud report.
Verifying all the veteran documents case assignment, certificate of eligibility, verification of VA benefits documents and VA loan comparison documents.
Ensuring there is no borrower removal cases in case of any borrower removal collecting death certificate or divorce documents along with letter of explanations from customer advocate.
Verifying payment history in case of bankruptcy collecting bankruptcy discharge documents for forbearance cases collecting modification agreement, payment history.
If property is in flood zone collecting flood insurance documents and verifying the same.

Summary

Overview

Work History

UNDERWRITER ANALYST

Education

Bachelor of Technology - Electrical and Electronics Engineering

Skills

Contact Profile

Timeline

UNDERWRITER ANALYST

Bachelor of Technology - Electrical and Electronics Engineering

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