Mounika K

1) Having 5+ years of experience in US Mortgage Process.

2) Seeking a responsible position where I can utilize my education and to get experience while contributing to the benefit of my employer.

3) Intend to build a career with leading corporate of Hi-Tech environment.

4) Willing to work as a key player in challenging and creative environment.

Loss Mitigation: 

• Working as a Loss Mitigation Evaluator, responsible for reviewing and evaluating loss mitigation documents such as MAA, RMA, UBAF, mortgage assistance documents, and financial documents, and passing the file to the underwriter for further review.

• Perform a complete and in-depth review of mortgage loan files, including income, assets, and credit. Thoroughly calculate income for salaried, non-employment, and self-employment income. Demonstrate expertise in reviewing and performing income calculations using personal tax returns (Form 1040) and business tax returns (Forms 1065, 1120S, and 1120). Calculate non-employment income types such as Social Security income, pension income, defined contribution income, and asset depletion income. Additionally, calculate 'Other Income' types, including border income, foreign income, alimony, child support, separate maintenance income, farm income, dividend income, capital gain income, disability income, and trust income.

• Underwrite and decision loans to comply with state and federal regulations. Well versed with FNMA, FHLMC and investor guidelines.

• Coordinating with RM, underwriter and clients throughout the evaluation process to get documents or information to pass the file.

• Performing the initial closing disclosure documentation for government loans (FHA, VA) by reviewing the following documents: 1) Escrows, 2) Title report, 3) Final 1003, 4) Credit report, 5) Flood certification, taxes, and HOI, and 6) Assets.

Closing:

• Provide an estimated closing date, collect all fees and taxes before closing, and validate the complete loan information entered into the system.
• Review all documents to ensure they are accurate and valid before sending the closing disclosure to the customer.
• Resolve disputes and delays to ensure the file progresses smoothly toward closing.
• Update the title fees in the system as per the received title document.
• Send the final closing disclosure to the customer for signature through the respective delivery method.
• Satisfy closing conditions, prepare the closing checklist, and send the post-closing package to the title company.
• Use applications such as Citrix, Encompass, and Flagstar to update all information in the system (e.g., property address, borrower name, etc.)

• 1) Giving acceptance and rejection for trading activities after verifying the particular documents.
• 2) Maintaining100%Accuracy.
• 3) Giving training to the fresher’s about the process.
• 4) Resolving problems and solving it.
• 5) Sharing innovative ideas to improve process.

• 1) Application software Microsoft office(MS-word,MS-Excel) and internet.
• 2) Microsoft Office (MS-Excel, MS-Word, MS-PPT) and Internet Applications Tally ERP.9