Shubham Shelar

SitusAMC is a US based Mortgage Company. segment-3 , segment-4 are the department which handles appraisal, title, insurance & income assets part of the file. (JPMC)

Worked on 5C’s :-

Capacity :- borrowers most recent income documents as per guidelines

Credit :-checking credibility of borrower to repay the loan

Capital :- checking borrowers asset information

Collateral:-certified person provided appraisal report which shows valuation of the property

Character:- checking borrowers intention of repaying the loans, utility bills etc.

Underwriting review for appraisal :- For appraisal we check for recent sales of similar properties, current market trends, and the details of the home, including its size, condition, floor plan and amenities such as Number of fireplaces, Checklist appraisals, Aug 2019 - Aug 2021 Termites, Square foot, Location and neighborhood, Roof damage, Type of foundation, Basement quality, Clean drinking water, Driveway condition, Environmental hazard, Condition of the home, Number of bedrooms and bathrooms, Foundation cracks or damage, Handrails alongside steps and stairways etc.

Underwriting review for title :- For title we validate the latest dated documents for Encumbrance, Title deed, Chain of title, Power of attorney, Utility bills, Occupancy certificate, Tax paid receipts, title type & amount, Ownership information. In insurance we look for property insurance value, coverage type depending on property type, tenure ,policy holder, policy provider ,PMI coverages, premium amount, Also we look for flood insurance if the property under flood zone area or not, zoning of property, and its coverage type accordingly by property type if property is in hazard zone.

Underwriting review for Income & assets :-

• Review and validate Income documents, Income Calculations, Asset document, Credit Report, flood certificate, appraisal inspection, Review & Validate Income types – Salaried, Self Employed or Other Income, Review Income documents (W2, Paystub, 1040 Personal Tax Return, K1, 1099-R, 1065, 1120, 1120S etc.) & Income type (Self-employed Salaried), Review Credit Report (Pull date, Finance Property Validation, Negative block, Past due, CIP review, Freeze, Frozen, Suppuration etc.),

1. Creating checklist to verify the quality of HLA.
2. Verifying the documents related with borrower’s income type (Salaried / Self Employed).
Working on Non-Governmental loans (Conventional Loans).

3. Verifying the documents like Paystubs, W2, 1003-URLA form, Credit Report, 4506 C, Disclosures, Mortgage statements, etc.
4. Making CIP for Customer (Customer Identification Program).

5. Supporting to Underwriter by helping commentary or Tracking items.

1. Document indexing & Categorization of document.

2. Working on loan file verification and validation of loan files.

3. Loan file validation classifying the document types category and identifying the document fields also worked on multiple queue like classification , versioning. Checking the header & footer for naming the document.

4. segregation of all pages to a single package by the category of the document. Documents indexed :- URLA, Appraisal, deed of trust, w-2, paystubs, personal tax return, business tax returns, purchase contract, affidavit, credit report, Desktop Underwriting findings, Loan prospector findings, closing disclosure, affidavit, divorce decree, bank statement, IRA statement etc.

• Optimized workflow efficiency by prioritizing tasks based on client needs and deadlines, ensuring timely completion of loans.