Nitish Vashisth
Mortgage Professional
Dehradun
Summary
A competent professional with over 17+ years of Mortgages in handling and managing multiple functions entailing underwriting, management, client and vendor relationship and team Handling.
Result oriented professional who is a self-starter with a positive, can-do attitude driven to learn, improve and succeed. Expertise in managing team and extracting desired outputs.
Overview
19
19
years of professional experience
Work History
Zonal Head - Sales
Aavas Financiers Limited
Dehradun
05.2022 - Current
- Handling and managing Mortgage business of Uttarakhand and Part of Uttar Pradesh.
- Having 20 brnaches of UP and Uk with a Sales team size of 150+ employee including 4 state heads and 20 branch heads.
- Demonstrated creativity and resourcefulness through the development of innovative solutions.
- Developed and maintained courteous and effective working relationships.
- Resolved problems, improved operations and provided exceptional service.
State Credit Head
Aavas Financiers Ltd.
Uttarakhand
04.2019 - 04.2022
- Responsible for handling underwriting for housing loan and loan against property for entire Uttrakhand
- Successfully launched and made operational 10 branches in complete state which now have end to end loan processing units
- Leading a team of 20 direct and indirect reportees across region
- Maintaining a portfolio of app
- 160 Cr with delinquencies as low as 1% which is best in the country
- Having sanction authority of Rs 30 Lacs
- Ensure maintenance of TAT with achievement of app
- 95%
- Interacting with Builders, Channel Partners and Vendors on monthly basis and publishing of Channel Partners monthly report cards
- Ensure good customer experience with effective and timely delivery of customer query / requirement as per company policies and processes.
Area Credit Manager
Tata Capital Housing Finance
Uttarakhand
09.2018 - 04.2019
- Handling Affordable and Rural Housing Finance business of Uttarakhand
- Handling 5 branches of Uttarakhand including Moradabad Branch of Uttar Pradesh.
Area Credit manager
Magma Housing Finance Limited
Uttarakhand & Haryana
04.2014 - 09.2018
- Handled complete Uttarakhand and Haryana including 2 branches in UK and 7 Branches of Haryana
- Handling credit team of 10 members including 3 Credit managers and 8 Credit Officers
- Starting and Handling Dehradun, Haridwar, Saharanpur, Rishikesh, Vikasnagar and Roorkee locations for Home Loan and Loan Against Property Loans
- Handling Additional locations like Yamunanagar, Karnal, Ambala and Chandigarh
- Credit appraisal and Decisioning of Mortgage files for the assigned locations within the TAT
- Compliance of policy and processes within the TAT
- PD, Property visits and monitoring and execution of Legal related processes
- Feedbacks for modification in credit policy and process
- Proper Vendor empanelment, vendor management and follow ups on MIS for Logins, approvals, Disbursement.
Branch Credit Manager
HDB Financial Services Limited
Dehradun
08.2013 - 04.2014
- Responsible for Underwriting and sanctioning of LAP, Business Loan & Personal Loans
- Providing meticulous attention to detail in underwriting mortgages
- Evaluated the financial strength of borrowers to determine risk and repayment capacity
- Demonstrating excellent follow-through with borrowers, loan processors, loan originators and management throughout all phases of the underwriting process
- Providing strengths in risk assessment, income/credit analysis and documentation review
- Decisioning of loan applications with in TAT
- Supervising collection team and takes initiative to control delinquency, awareness calling to customers regarding EMI presentation.
Branch Credit Manager
India bulls Housing Finance Limited
Dehradun
07.2011 - 07.2013
- Supervise the review of executed loan documentation to ensure compliance with all state and regulatory requirements
- Taking corrective & preventive measures to improve work efficiency of subordinates
- Monitoring of Credit policy compliance, disbursement & related activities within the branch
- Tracking and Monitoring of PDD
- Managing and taking care of Branch Portfolio
- Effective processing of loan applications of Home Loans and Loan against properties
- Credit Appraisal of customers, Sanction/ Recommendation of loan proposals
- Monitoring pre and post disbursement of files
- Managing credit Operations
- Effective Management of all Business Partners/Franchisee
- Successful target achievement of the Team at Dehradun location
- Responsible for Collection and representation of Bounced EMIs
- Managing Customer related issues in branch.
Credit Officer
HDFC Sales Pvt. Ltd.
Dehradun
10.2009
- Handling of Housing loan applications including Land Loans, Construction Loans, Extension Loans, Home Equity Loans, Flat purchase and House Purchase loans etc
- Obtain pertinent information relating to the proposed transaction and property
- Reviewed financial data, appraisal reports, credit reports, verification and documents as reqd
- Reviewed all credit, loan and collateral files to ensure that information was current and reported any concerns to the department manager
- Handling and coordinating a Sales Team of more than 20 members
- Appraisal of Financial, Banking & Property Docs of customer.
Credit Officer
HDFC BANK LTD - ADFC
Dehradun
03.2008 - 09.2009
- Handling of LAP (Loan against Property)
- To Work on the Product ITR, Turnover, Banking, RTR, LIP, LARR etc
- Appraisal of Customer, its financial and property appraisal
- Analyzed the impact of legal and technical of cases
- Legal & Technical verification with Documents chain
- To maintain all types of MIS pertaining to sanction and disbursal process
- Controlling of Empanelled Vendors.
Credit Process Agent (C.P.A)
HDFC Bank Ltd.
Dehradun
05.2007 - 02.2008
- Credit appraisal of customer who wants to take loan under LAP Product
- Legal & Technical verification with Documents chain
- Maintaining 100% accuracy while entering the same in the system
- Maintaining all types of MIS pertaining to sanction and disbursal process.
Accounts Assistant
ANYA Softech
06.2005 - 04.2007
- Reconciles general and subsidiary bank accounts by gathering and balancing information
- Provides financial status information by preparing special reports; completing special projects
- Maintains financial records by analyzing balance sheets and general ledger accounts
- Maintains general ledger accounts by reconciling accounts receivable detail and control accounts
- Secures financial information by completing database backups; keeping information confidential.
Education
Leadership Development Program - Business Leadership
Indian Institute of Management- Ahmedabad
Ahmedabad 07.2022 - 12.2022
LLb -
Hemwati Nandan Bahuguna Garhwal University
DAV PG COLLEGE 01.2006 - 1 2009
B.Sc (PMS) -
Hemwati Nandan Bahuguna Garhwal University
DAV PG College 01.2005 - 1 2005
Intermediate -
Uttaranchal Board
DAV Inter College 01.2002 - 1 2002
High school - undefined
CBSE Board
01.2000 - 1 2000
Skills
Client needs analysis
Portfolio Management
Relationship Management
Data Interpretation
Collateral Evaluation
Customer Engagement
Sales proficiency
Performance Improvements
Risk Assessments
Client Relationship Management
Mentoring and training
Strategic Planning
Performance monitoring
Sales expertise
Credit analysis
Sales Support
Personal Information
- Father's Name: M.C. Vashisth
- Date of Birth: 02/19/85
- Nationality: Indian
- Marital Status: Married
Training
CRISIL Executive Training on Home Loan Business and Effective PD skills at CRISIL House Mumbai for 2 days.
Timeline
Leadership Development Program - Business Leadership
Indian Institute of Management- Ahmedabad
07.2022 - 12.2022
Zonal Head - Sales
Aavas Financiers Limited
05.2022 - Current
State Credit Head
Aavas Financiers Ltd.
04.2019 - 04.2022
Area Credit Manager
Tata Capital Housing Finance
09.2018 - 04.2019
Area Credit manager
Magma Housing Finance Limited
04.2014 - 09.2018
Branch Credit Manager
HDB Financial Services Limited
08.2013 - 04.2014
Branch Credit Manager
India bulls Housing Finance Limited
07.2011 - 07.2013
Credit Officer
HDFC Sales Pvt. Ltd.
10.2009
Credit Officer
HDFC BANK LTD - ADFC
03.2008 - 09.2009
Credit Process Agent (C.P.A)
HDFC Bank Ltd.
05.2007 - 02.2008
LLb -
Hemwati Nandan Bahuguna Garhwal University
01.2006 - 1 2009
Accounts Assistant
ANYA Softech
06.2005 - 04.2007
B.Sc (PMS) -
Hemwati Nandan Bahuguna Garhwal University
01.2005 - 1 2005
Intermediate -
Uttaranchal Board
01.2002 - 1 2002
High school - undefined
CBSE Board
01.2000 - 1 2000