Summary
Overview
Work History
Education
Skills
Accomplishments
Disclaimer
Timeline
Generic

PARIPELLY NISHA

Hyderabad

Summary

I am a experienced Mortgage Analyst with over 6 years of expertise which involves reviewing and approving closing statements across various formats. Proficient in escrow calculations, fee verification, and managing loan lifecycle transactions using QuickBooks and loan servicing systems. Possesses a strong understanding of legal compliance in US Mortgage, loan servicing, loan claiming and post-closing processes. Skilled in liaising with stakeholders to understand their business needs and ensure adherence to underwriting regulations and guidelines. Proven track record of accurate attention to detail and accuracy in analyzing mortgage documents. Skilful at navigating complex mortgage scenarios while maintaining efficiency and professionalism.

Overview

6
6
years of professional experience

Work History

Team Lead – Mortgage Accounting

Finacplus
07.2023 - Current
  • To Take complete responsibility on the team deliverables.
  • Implementing new controls and processes to mitigate risks of errors.
  • Examining and testing new. process/procedures in the applications to enhance accuracy.
  • Maintaining seamless communication with the US team and resolving client/team questions.
  • Assisting Manager in the evaluation of the team and individual performance.
  • Assisting with special projects as needed.
  • Supervising the team and working in the absence of the Manager.

Senior Mortgage Accounting Analyst

Finacplus
07.2022 - 06.2023
  • Providing one-on-one training and support to the team with specific tasks or process.
  • Develop and deliver training programs to onboard new hires and upskill existing employees.
  • Monitoring and tracking team member progress and performance post-training.
  • Reviewing and approving the Daily entries sheets and reconciliation sheets which includes payoffs, returned draws, broken deals, different type of sales, remits, and holdback amounts.
  • Preparing the Onshore Closing Team’s Quality Control (QC) report.
  • Monitoring the daily production flow and prioritizing rush loan requests.
  • Developed a standardized comments project aimed at improving the efficiency of email communication with onshore teams regarding escalations or errors.
  • Taking up leadership responsibilities in managing the team, queues and addressing onshore emails during the manager’s absence.

Mortgage Accounting Analyst

Finacplus
07.2021 - 07.2022
  • Worked as US Mortgage Compliance Analyst for (HUD-1 and Alta).
  • Reviewing and approving closing statements for every loan across different formats of settlement statements, Alta and HUD received from the onshore closing team.
  • Verifying for any alterations in loan terms due to increase in purchase price, seller credit and insurances/taxes.
  • Calculating the allowable seller credit and assignment fee for the loan.
  • Reviewing credit report scores and requesting a new report if they have expired or if scores have decreases.
  • Worked on Fix and flip loans, cashout refinance loans and ground up purchase loans.
  • Calculating escrow for taxes, insurance, and flood coverage.
  • Verifying interest rebates, payoffs, purchase price, interest, origination fee, loan charges and other fees on the loan and settlement statements.
  • Monitoring whether borrower has enough cash to close by reviewing bank statements and interest reserves.
  • Verifying the wiring instructions, broken deals and returned draws.
  • Maintain the loan tracking spreadsheet’s accuracy by utilizing the application software.

Mortgage Analyst 2 FHA Claims Process

Wells Fargo
06.2020 - 07.2021
  • Providing the necessary supporting documentation as proofs on which we reimbursement claims file with HUD.
  • To ensure required data is input and proper procedures are followed.
  • Interacting with downstream processes for timely resolutions.
  • Worked on multiple projects simultaneously.
  • Proactively taken responsibility to drive the volumes with efficiency and quality by sending weekly deficit report, daily volume report and sharing best practices.
  • Capturing MOM’s and sharing with onshore team as well as India team.
  • Worked on FNMA covid-19 partial claims process by exceeding the metrics.
  • Shared organization updates with the team in team meetings.
  • Taken responsibility as OIC in the absence of the Manager.
  • Effectively utilized and hands-on experience on internal tools like BKFS, ICMP and Loan sphere invoicing.
  • Worked in Mortgage Default claim process - FHA, FNMA, and VA.

Mortgage Analyst 1 FHA Claims Prepping Process

Wells Fargo
08.2018 - 05.2020
  • Responsible for monitoring reviewing programs, processes, claims, documentation and/or files to ensure compliance with internal company requirements and/or agency or government regulations.
  • To Maintain BAU targets and TAT levels.
  • Worked on 16 vendor applications to procure the invoices as proof to claim the expenses.
  • Handled multiple queues within FHA- CWCOT, Part B, VA and Note sales.
  • Captured MOMs of weekly Huddle's for the team.
  • Given floor support new team members.
  • Contributing ideas to increase efficiency and quality in the process.
  • Participated in organization level events.
  • Shared domain knowledge on the process with the team.

Education

Skills

  • US Mortgage ( Foreclosure, loan servicing, loan claiming and escrow calculation )
  • FHA, FNMA and VA
  • Quality Analyst
  • Fix and flip loans, cash out refinance loans and ground up purchase loans
  • Customer's accounts reconciliation and Reporting
  • Proactive in handling additional responsibilities
  • Flexible working on different projects simultaneously

Accomplishments

  • Received "Signature Moment" award from LOB (Line of Business).
  • Received Wells Fargo "Champion Award" in the year of 2019.
  • Received Role change in July 2020 as Mortgage Analyst 2.
  • Completed an Idea Project that involves eliminating the value-add steps in searching DP invoices in ICMP application. Savings on the project was $546.00.

Disclaimer

I hereby declare that the above-mentioned information is correct to the best of my knowledge.

Timeline

Team Lead – Mortgage Accounting

Finacplus
07.2023 - Current

Senior Mortgage Accounting Analyst

Finacplus
07.2022 - 06.2023

Mortgage Accounting Analyst

Finacplus
07.2021 - 07.2022

Mortgage Analyst 2 FHA Claims Process

Wells Fargo
06.2020 - 07.2021

Mortgage Analyst 1 FHA Claims Prepping Process

Wells Fargo
08.2018 - 05.2020

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PARIPELLY NISHA