SUMIT SONI
Internal Auditor
Kandivali (E)
Summary
Experienced Internal Auditor skilled in credit, operational, and compliance audits. Proficient in IAMS like Pentana, with expertise in high-value and afforfdable housing loan reviews, regulatory adherence.
Overview
13
13
years of professional experience
3
3
Languages
Work History
Internal Auditor AM-II
PNB Housing Finance limited
03.2023 - Current
- Conducted credit, operational, and legal audits of high-value and affordable housing cases, ensuring compliance with RBI norms and internal policies.
- Prepared Branch Audit Reports using IAMS – Pentana, highlighting risk ratings, compliance gaps, and actionable recommendations.
- Executed Vendor, Docket, and Snap Audits, assessing documentation, operational efficiency, and real-time compliance.
- Trained junior auditors and collaborated with stakeholders to resolve audit issues and drive continuous process improvements.
Auditor
Firstsource Solutions Pvt Ltd.
02.2020 - 07.2022
- Analyzing credit and income documents like Credit report, Pay stub, Tax returns, Bank statement etc and identifying the credit worthiness of the Borrower.
- Calculating DTI ratios by analyzing Borrower’s income and debts to see that loan meets the agency guidelines or internal overlays and communicating with clients about the requirements/restrictions on the file.
- Evaluate overall loan documents for accuracy, completeness and compliance ensuring the loan is marketable.
- Monitoring AML and Compliance check to ensure Borrower is not involved in any fraudulent activities.
Sr. Analyst (Mortgage Underwriting)
Altisource Business Solution Pvt Ltd.
07.2015 - 01.2020
- Maintained a working knowledge of all current underwriting guidelines, federal and state lending laws and have the ability to comprehensively explain all to others while processing the mortgage loan files.
- Stringently look for the Appraisal, Title Report, Hazard Insurance and Flood Certificate in the mortgage loan files.
- Effectively and quickly communicate any areas of concern within a loan file to the underwriter.
- Maintain compliance with all company policies and procedures.
- Accumulation of Refinance VA and FHA loans and sorting as per their ageing.
- Preparation of 10 Day letters in case of aged loans and sent to Borrower through Onshore Loan Processor and Loan Officer.
- Email and continuous communication with the Title teams, Offshore, Loan Officer and Onshore Processors for timely attainment of documents.
- Scrutiny and of Follow up of the required documents as per the basic and specific requirements as per standard checklist prepared for smooth operation after the origination of the file.
- Working on the conditional approvals from the underwriters in case of subordinations loans and any such special cases.
Associate (Quality Control)
Altisource Business Solution Pvt Ltd.
10.2012 - 07.2015
- Reviewing the funded loans so that the same can be sold in secondary market.
- Loans which are not eligible are escalated to higher management.
- Preparing Compliance Report on weekly basis for onshore.
- Acting as a backup person in training team.
Associate (Quality Control)
STATE STREET SYNTEL SERVICES PVT LTD (SSSPL)
09.2012 - 04.2015
- Worked for Pacific Investment Management Cooperation (PIMCO) which are the largest Investment Company in the world.
- Worked for Derivative product called Swaps.
- Swaps settlement (To settle the fail trades, co-ordinate with broker and custodian, complete monthly project and audit, directly contact with broker and custodian on mails and with telephonic conversation).
Education
Bachelor of Commerce -
Mumbai University
04.2001 -
12th Board -
Maharashtra Board
Mumbai 04.2001 -
10th Board -
Maharashtra Board
Mumbai 04.2001 -
Skills
Audit planning
Data analytics
Microsoft office
Regulations and compliance
Policy compliance
Internal controls
Disclaimer
I hereby declare that the information furnished above is true to the best of my knowledge.
Timeline
Internal Auditor AM-II
PNB Housing Finance limited
03.2023 - Current
Auditor
Firstsource Solutions Pvt Ltd.
02.2020 - 07.2022
Sr. Analyst (Mortgage Underwriting)
Altisource Business Solution Pvt Ltd.
07.2015 - 01.2020
Associate (Quality Control)
Altisource Business Solution Pvt Ltd.
10.2012 - 07.2015
Associate (Quality Control)
STATE STREET SYNTEL SERVICES PVT LTD (SSSPL)
09.2012 - 04.2015
Bachelor of Commerce -
Mumbai University
04.2001 -
12th Board -
Maharashtra Board
04.2001 -
10th Board -
Maharashtra Board
04.2001 -