Summary
Overview
Work History
Education
Skills
Accomplishments
Personal Information
Languages
Certification
Timeline
Generic
Saravanan P

Saravanan P

Bangalore

Summary

Top-notch Underwriter with solid experience in financial services. Proficient in determining level of risk for lenders using strong mathematical and statistical skills. Conscientious and committed to adhering to standards, underwriting guidelines and authority levels. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.

Overview

9
9
years of professional experience
1
1
Certification

Work History

Underwriter

SitusAMC
05.2021 - Current
  • Evaluated the financial strength of borrowers to determine risk and repayment capacity, income/credit analysis and documentation review
  • Review the Appraisal Report for Subject Property Valuation, pending works and defects
  • Reviewing the Credit Report for the Payment History of different types of Accounts, Inquiries and any Fraud alerts
  • Maintain a working knowledge of US Residential Mortgage Origination Underwriting procedures, federal and state lending laws
  • Calculating Income using income calculator for all type of incomes
  • Completing live underwriting and providing the output of approve/denial
  • Provided Credit analysis, Appraisal review and Income documents verification to ensure all Bank and Investor guidelines were completed.

SR Process Associate

Firstsource Solution Ltd
08.2020 - 05.2021
  • Underwriting is the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable
  • Most of the risks and terms that underwriters consider fall under the 4c's (credit, capital, and capacity, collateral)
  • Reviewing title commitment and verify the 24 months' chain of title and verify any judgments or lien against the property
  • Condition for any missing documents to the processor within the TAT
  • Reviewing Appraisal report verify the property is eligible for getting a mortgage based on investor guidelines on all type of properties.

SR Process Associate

Concentrix Daksh India Pvt Ltd.
07.2018 - 07.2020
  • Australian Mortgage underwriting process
  • Working for consumer banking projects Mortgage review stream and short form top up
  • Verifying Income, assets, liabilities and expense
  • Income calculations based on borrower proof of income documents
  • Bank statements scrutiny for salary credits and undisclosed liabilities
  • Verifying requirements and objectives for the customer conversations.

Associate

Flatworld Solution
10.2015 - 07.2018
  • Financial Analysis-Verify the income and assets of the borrower by reviewing the relevant documents like pay stubs, tax returns, social security benefit statements, bank statements, rental agreements, child support docs etc
  • Credit Analysis - Verify the credit report of the borrower to know the credit history and outstanding debt owed by the borrower
  • Underwriting Decision-Based on the Financial Analysis, Credit Analysis, Collateral Analysis, Underwriting Guidelines and Lenders' Pool Servicing Agreements, suggest the best alternative to the lender.

Associate

Indecomm Global Services
03.2015 - 10.2015
  • Perform complete post-closing audits in the retail lending spectrum
  • Ensure that all the files are compliant with all relevant lender & investor guidelines
  • Data enter loan information as per the documents available
  • Follow-up for trailing documents for suspended files & complete review & approve the file for purchase.

Education

Master of Computer Applications -

Anna University
01-2014

Bachelor of Science -

Bharathiyar University
01-2011

Higher Secondary Certificate -

Diamond Jubilee Higher Secondary School
01-2008

Secondary School Leaving Certificate -

Diamond Jubilee Higher Secondary School
01-2006

Skills

  • Decision making
  • Multi-tasking
  • Team Management
  • Mortgage Underwriting
  • Data analysis
  • CRE Underwriting
  • Document valuation
  • Good Knowledge about FNMA and FHLMC Guidelines
  • Excel proficiency
  • Excellent Communication
  • Lean Six Sigma process improvements

Accomplishments

  • Winner of pest performer Dec 2020.
  • Winner of quarter-2 people's CHAMP award.
  • Certificate of appreciation being fanatical about our clients and staff in CNX "our time now "event.
  • Winner of men's doubles RL and CNX table tennis tournament.
  • Winner of quarterly best performer award two times Dec 2015 and Mar 2016.

Personal Information

  • Father's Name: K. Ponnusamy
  • Date of Birth: 12/07/1991
  • Nationality: Indian
  • Marital Status: Married

Languages

  • Tamil
  • English
  • Kannada

Certification

  • Lean Six Sigma Yellow Belt Certification

Timeline

Underwriter

SitusAMC
05.2021 - Current

SR Process Associate

Firstsource Solution Ltd
08.2020 - 05.2021

SR Process Associate

Concentrix Daksh India Pvt Ltd.
07.2018 - 07.2020

Associate

Flatworld Solution
10.2015 - 07.2018

Associate

Indecomm Global Services
03.2015 - 10.2015

Master of Computer Applications -

Anna University

Bachelor of Science -

Bharathiyar University

Higher Secondary Certificate -

Diamond Jubilee Higher Secondary School

Secondary School Leaving Certificate -

Diamond Jubilee Higher Secondary School

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