Summary
Overview
Work History
Education
Skills
Languages
Timeline
Sai Kumar Goud Ponagani

Sai Kumar Goud Ponagani

Hyderabad

Summary

Knowledgeable and efficient Mortgage Loan underwriter with 5 years of experience in Commercial and Residential US mortgage. A Highly motivated and very dependable employee with Strong analytical and logic skills, actively seeking a position where I can optimize problem-solving and organizational skills to contribute to increased customer satisfaction, Strong multitasking skills and fast learning ability to ensure quick contribution to the team. Creative abilities have made the firms I have worked with grow in success. I am seeking a position where my skills and experience can be a positive contribution to the company. Works exceptionally well in fast-paced environments driven by tight deadlines. Competent and knowledgeable end to end loan acquisition and loan buying process.

Overview

5
5
years of professional experience

Work History

Subject Matter Expert(Mortgage Underwriting)

FInacplus(Toorak Capital)
Hyderabad
12.2020 - 09.2022
  • Working for US Commercial / Residential mortgage loan acquisition team and work on Credit Analysis and Due Diligence
  • Serve as subject matter expert in all areas of processing and company protocol.
  • Main Duties consist of Complete Credit, Compliance and Collateral review for purchasing loan.
  • Credit, Due Diligence Analysis, Reviewing Documents & Identifying Red flags on multiple product type.
  • Evaluated debt ratio, Loan-to-value ratios, credit scores property valuations and various other factors when making underwriting decisions
  • Identified portfolio risking resulting from client’s underlying business practices, underwriting investigations or fraud exposure.
  • Performed compliance and loan quality audits of loans to be approved and funded by investors
  • Performed complex loan file audit of residential mortgage loans to determine compliance with established company guidelines: policy and procedures.
  • Trained new processors in all aspects of processing with including all tasks and worksheets: submission sheets and other due diligence items that need to be completed to submit file to underwriting and through closing. Trained processors on best practices based on my experience processing loans.
  • Trained, guided and mentored processors and closers for new operations centers stressing time and pipeline management and top notch customer service.
  • Participate in weekly pipeline meetings with numerous branch managers and regional sales managers
  • BRIDGE LOAN (Rehab & Non-Rehab loans in 1-4 family, Including houses, town homes, Condos, Multifamily & Mixed use)
  • GROUND UP CONSTRUCTION LOAN
  • INTERMEDIATE TERM LOAN (2+1 YEARS)
  • LONG TERM RENTAL LOAN (30 YEAR)
  • Jumbo & NON-QM loans
  • Manage overall deal underwriting process and completion of all necessary tasks proactively, always within deadlines, being insightful, accurate and consistent.
  • Understand Client’s proprietary underwriting templates and basic UW guidelines. Property Appraisal, Risk Analysis and Valuation Ratios related to Property and Loan.
  • Verification of Property Insurance Policy, Property Taxes, and other Governmental clearances
  • Income sources of Borrower and repayment capacity. Experience of Borrower, Other properties of borrower and verification. Income Appraisal of property and Cash flows from property, Interest calculations and repayment schedules. Loan Amount & Eligibility.
  • Member of initial closing audit reorganization team that implemented new closing and audit procedures allowing processors to clear PT C conditions, increasing processing productivity by 27%.
  • Concisely and comprehensively communicate daily progress on work prioritized, work completed and items outstanding and necessary to move deal forward to deal team at least once, if not twice daily
  • Support & Acting as SME to help in developing others in team.
  • Bridge & 30 years Tape to File, Missing doc review, Appraisal review and data reconciliation.
  • Worked on many other tasks or projects (Securitization Project, Data reference, etc)
  • Guarantor Check report on daily basis.
  • Borrower Concentration report.
  • FEMA Disaster report from Clear Capital.
  • Zillow HPA report from Zillow website.
  • Made multiple checklists to make report in less time.
  • Worked with tech team to make Web application for client along with UAT testing.

Senior Process Executive

Cognizant technology solutions
Hyderabad
09.2019 - 12.2020
  • Reviewing of Appraisal report, sales contract, Title commitment, borrower identification, property Taxes, property insurance, HOA dues, Note, Closing disclosure and all other required documents for final 1003 and AUS
  • Reviewing loans as per Fannie Mae, Freddie Mac guild lines and Clint overlays.
  • Experience includes reviewing, analyzing, and conditioning credit, income, and asset worthiness of all borrowers for FHA/VA, Conventional, Conforming Loans
  • Du/ LP findings are borrower name, loan no, DTI ratios, loan amount, property address, matching du and 1008 value on AUS, liabilities matching, funds to close match.
  • Follow up on appraisals and any outstanding conditions. (i.e., Payoff demands, insurance, etc.)
  • Quality Control review– Pre-funding and Post Closing review and understanding
  • Post Funding Quality Review – Once disbursement completed, within 60days need to send PCCD (Post Closing Disclosure) to borrower with corrections and any fee changes, Review is different from state to state
  • Required documents are Final CD (complete review), Final Settlement Statement (end to end review) Deed of trust, Note, Appraisal, SSPL (Services Providers list), COC documents, VVOE, Credit Report, Exclusive parties list (AKA names), Flood Certificate
  • Resolving & calculating the required fees & tax amount on basis of loan for Service Now Tickets clearing and providing refund to borrower if required within timeline through Service Now Portal.
  • There are multiple categories under of Service Now Tickets to be resolved from Dashboard on daily basis such as – Recording Fee Remediation, CAPD Review fail (California Per Diem), COC (Change of Circumstance), Fail/DV Error, Wire Variance etc.
  • Creating the Payment History for required Fees, Tracking & downloading documents from Ozone application and uploading same into E-file.
  • TRID & TRID QC Audit - Finding the RESPA cure amount from TRID Sheets using LE’s & CD’s.
  • Reviewing of loan documents like 1003, LE, CD, Tax &Insurance, Appraisal, AUS, Title, and others.
  • Finding errors from list of documents provided by the client.
  • Preparing TRID sheets, Transmittal Summary, Portfolio Standard Checklists. Assigning files to team members from pipeline.
  • Creating and Delivering Loan Estimate (LE) & Disclosure Package to the Borrower.
  • To resolve their queries and understand their requirements to meet their needs successfully.
  • Calculating required Insurances and tax amounts based on loan.

Associate Financial Analyst

Wells Fargo
Hyderabad
09.2017 - 09.2019
  • Processing loans keeping customer in view with cent percent accuracy.
  • Analyzing customer eligibility for granting loan.
  • Performing income analysis of customer and checking of regular payment of taxes paid for their property.
  • Validating document as per requirement of loan and associating document to that available conditions (stipulation) and calculate borrower income according to income documents received.
  • Ensuring that deliverables are processed before turnaround time (TAT).
  • Ensuring productivity and quality control is maintained in process.
  • Worked on multiple processes and met target production hours as well as quality goals.
  • Analyzing tax documents of borrower’s pay stub, W2, 1099R,
  • 1099SSA, 1040, 1065, property tax documents and income award letter.
  • Dealing with customer Critical information like Bank statements, Pay Stubs, and w-2’s and update the Assets & Liabilities, Employee Details from pay stub of borrower in Core Application
  • Knowledge of compliance / TRID regulations.
  • Experience includes reviewing, analyzing, and conditioning credit, income, and asset worthiness of all borrowers for FHA/VA, Conventional, and Conforming Loans.
  • Reviewing of SSA income, disability income, alimony pay, note receivable income, tip income and all other type incomes.
  • Calculating Self-employment income from Tax Returns Including all Schedules, schedule C, 1120, 1120s, 1065 and all other self-employment income.
  • Verifying rental income from lease agreement, Schedule-E.
  • Verifying Assets from Bank statement, VOD, or other supporting documentation for closing and reserve’s purpose. Verifying bank statement for to verify available balance and large deposits
  • Reviewing Credit Report to verify liabilities, bankrupts, foreclosure, judgments, alerts, public records, inquire and additional address. All additional documents need to review as per requirements like PRA card, Divorce decree etc. Review credit reports, bankruptcy documents, Appraisal, and income documentation
  • Make sure all necessary documentation is requested to support final loan decisions
  • Contact client to review loan program and conditions based on workflow process.

Education

B.Com (Computers Application) - Finance & Computers

St.Mary’s Centenary Degree College, Hyderabad
04.2017

Intermediate -

St. John’s Church Junior College, Hyderabad
04.2014

State Board (S.S.C) Till 10th -

Saraswathi High School, Hyderabad
04.2012

Skills

  • Debt-to-Income Ratios calculations
  • Loan to Value Ratio Calculations
  • Loan to Cost Ratio Calculations
  • Jumbo and Super Jumbo Loans
  • Appraisal Analysis
  • Team Training and Mentoring
  • Judgment and Decision-making ability
  • Problem solving
  • MS Office proficient
  • Risk management evaluation background
  • MS Excel expert
  • Excellent communication skills
  • Research/due diligence
  • Team Leadership
  • Team player
  • Flexible
  • Project management
  • Ease with computer and technology
  • Report preparation
  • Operating Systems(windows& linux)
  • Hardware & networking

Languages

English
Hindi
Telugu

Timeline

Subject Matter Expert(Mortgage Underwriting) - FInacplus(Toorak Capital)
12.2020 - 09.2022
Senior Process Executive - Cognizant technology solutions
09.2019 - 12.2020
Associate Financial Analyst - Wells Fargo
09.2017 - 09.2019
St.Mary’s Centenary Degree College - B.Com (Computers Application), Finance & Computers
St. John’s Church Junior College - Intermediate,
Saraswathi High School - State Board (S.S.C) Till 10th,

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Sai Kumar Goud Ponagani