Summary
Overview
Work History
Education
Skills
Projects
Timeline
Generic

Ramnaresh Kabra

Mumbai

Summary

Dedicated Manager with 12 years of experience in US mortgage underwriting, excelling at process optimization and compliance. Orchestrated automation solutions using advanced technologies like SQL, OCR software and machine learning algorithms reducing human errors and processing time, and ensuring adherence to FHA, VA, USDA, FNMA, FHLMC and other investor guidelines. Seeking to leverage strong business analysis and leadership skills to drive efficiency and compliance in a dynamic financial setting.

Overview

12
12
years of professional experience

Work History

Manager

XL Dynamics India Pvt. Ltd.
Mahape
02.2013 - Current
  • Review income, credit, assets, purchase contract documents for HECM reverse mortgages as per FHA guidelines.
  • Check if the borrower has the capacity and willingness to meet the requirements of HECM like paying taxes, insurance after closing and maintaining the home.
  • Take a decision if the loan needs to have a fully funded Life Expectancy Set Aside and if there are any compensating factors or extenuating circumstances applicable.
  • Review title commitment, appraisal reports, solar agreements, property taxes, surveys, warranty deeds, trust documents, power of attorney and related documents to ensure compliance with state laws as well as agency and investor guidelines, including FHA, VA, USDA, FNMA, FHLMC, Non-QM and HELOC loans.
  • Audit approved loans to ensure conformity with program guidelines, ensuring task delivery aligned with organizational expectations.
  • Conduct root cause analysis to identify process inefficiencies or loan file discrepancies, implementing corrective actions to enhance accuracy and compliance.
  • Collaborate with team leads and management to resolve queries and issues in loan files, providing timely decisions in line with established guidelines.
  • Lead the development and implementation of streamlined processes and tools for loan file reviews, ensuring operational efficiency and compliance.
  • Monitor and analyze changes in agency/investor guidelines, updating processes and tools to ensure alignment with regulatory requirements.
  • Manage and motivate a team to consistently meet deadlines, ensuring efficient delivery of loan files and tasks.
  • Coordinate with cross-functional teams to facilitate smooth loan review processes and mitigate bottlenecks.
  • Conduct desk reviews of expert workflows to evaluate process adherence, identify opportunities for automation, and reduce errors while improving efficiency and ease of loan review.

Education

MBA - Finance

N.L. Dalmia Institute of Management Studies and Research
Mumbai
01.2012

Electrical Engineering -

VJTI
Mumbai
01.2009

Skills

  • Loan file review, Root cause analysis, Team leadership, Process improvement, Cross-functional collaboration, Excel, SQL, Python, Hypothesis Testing, Probability and Statistics, Analytical Thinking Skills

Projects

Data Extraction from Documents, XL Dynamics India Pvt. Ltd., Engineered a data extraction solution using SQL, OCR software and an inhouse data extraction model for documents that seamlessly integrated with existing loan management systems, decreasing manual processing time by 20% and cutting error rates by 85%., Automate the loan review tools, XL Dynamics India Pvt. Ltd., Implemented advanced automation for loan review tools and loan origination system resulting in a 15% decrease in review time and a 20% reduction in errors, by identifying opportunities to streamline checks and validations based on specific loan parameters.

Timeline

Manager

XL Dynamics India Pvt. Ltd.
02.2013 - Current

MBA - Finance

N.L. Dalmia Institute of Management Studies and Research

Electrical Engineering -

VJTI

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