SUMIT PRASAD

• Mortgage Underwriter
• Expertise in conventional loans.
• Mortgage underwriter known for strengths in risk assessment, income/credit analysis, and documentation review. Consistently commended for the timely and accurate completion of compliant loan packages, facilitating volume growth while preserving book-of-business quality.
• Comprehensive knowledge of underwriting guidelines and restrictions for conventional and government-insured loan programs, for both conforming and nonconforming mortgages. Work collaboratively with team members to drive deals to successful funding and close.

APM Client -

• Handled assignment, reporting daily, weekly, and monthly reports.
• Training new joiners, buddy-up sessions, and solving queries.
• Creating and handling a query and error tracker.

SPM Client -

• Team lead backup for assignment, report, monthly business review, pipeline, and urgent emails.
• Sending the Production and Quality report, and the Karma Report. Pipeline tracker to the client on a daily basis.
• System walkthrough, system setup, sending MOMs for error discussion, and updates from clients. A walkthrough is provided for the SPM loan review.
• Assisted the team lead with the process flow report, assessment, and error discussion with the team.
• Maintaining the Query Tracker, solving queries of new joiners, and working on internal quality checks.

Top performer for the month: December 24, March 25, May 25, June 25, September 25. All-Star performer with Certificate - July 25.

• Creating PCS (Profit Calculation Sheet), CCS (Cost Calculation Sheet), Purchase Order, and Sales Order on Navision software.
• Preparing invoicing and verifying agreements.
• Document verifications. KYC & KYS setup, training new agent.
• Booking insurance for the trade.
• Coordinating with traders for new businesses.
• Functioning on template creation.
• Testing data in new software (Dynamics 365).

• Verifying the liabilities of the borrower with the credit report associated with the AUS (Automated Underwriting System) and checking the creditworthiness, credit risks, and credit scores.
• Analyzing the loan eligibility based on the guidelines and AUS tools, like Desktop Underwriting and Loan Product Adviser.
• Calculating salaried income and other income on the basis of their pay stubs, VOEs, W-2s, Social Security letters, pensions, second job income, etc.
• Verify the required asset and its supporting documents.
• Training and refresher given on conventional loans: the 4 C’s.
• Solving the queries of the team members.

• Loan Processing & Analysis: Managed live and closed conventional loans, including refinance and purchase, ensuring compliance with federal and state regulations through thorough credit, income, and asset analysis.
• Documentation and Reporting: Prepared summarized pipeline reports for management, tracked due diligence items, and maintained updated checklists to meet processing timelines.
• Property & Risk Evaluation: Reviewed appraisal reports, title documents, and property taxes to assess loan-to-value ratios, ownership legitimacy, and risk factors, including HOI, HOA, and flood insurance.
• Decision Support & Compliance: Calculated eligibility ratios, documented approval/rejection rationales, and ensured regulatory adherence across all underwriting decisions.
• Team Coordination & Process Improvement: Trained new joiners, resolved team queries, conducted audits, and led SOP creation and process updates while leveraging AHT/WFM knowledge to meet SLAs with high accuracy.

• Conducted comprehensive credit, income, and collateral analysis to assess borrower eligibility and document loan decisions in compliance with federal and conventional guidelines.
• Reviewed appraisal reports, title documents, and property-related data (HOI, HOA, taxes, flood insurance) to determine loan-to-value ratios, and risk factors.
• Managed onboarding of loan portfolios, created templates, and generated critical correspondence for compliance, legal, and customer communications.
• Coordinated with internal teams (BU, MIS, Tech) for workflow assignments, escalation handling, and smooth operational execution.
• Led training workshops, process updates, and SOP development, while ensuring high accuracy and SLA adherence through strong analytical and reporting skills.

• Managed mail merge operations for loan modification agreements and high-level query resolution across departments. Extracted, filtered, and integrated payment data for accurate reporting to business units. Recognized for consistent top performance and awarded multiple accolades including Best Performer (Q4-2015), Top Performer (May & Oct 2018, May 2020), and Spot Awards (Jan 2018, July 2020) for exceptional accuracy and quality.