Umarani Kothapally
Senior Commercial Underwriter
Flat 302, Maruti Residency, Komaplly village
Summary
Enthusiastic professional with experience over 8 years and has extensive knowledge on Underwriting, Financial Planning & Analysis of Commercial Real Estate deals. Highly analytical, organized and detail-oriented. Versatile professional with background in Canadian and US Markets.
Overview
7
7
years of professional experience
2
2
Certifications
Work History
Senior Account Processing Officer
CIBC
10.2022 - 04.2023
- Completing in-depth loan analysis and underwriting for Commercial deals supported by due diligence and recommendation and presenting the loan for approval before loan adjudication committee.
- Analysis rent roll, cash flow, lease documents, income documents, Appraisal, Environmental, Property condition reports for in-depth risk analysis.
- Evaluating customer's data and financial details to identify exceptions to financial policies.
- Work closely with branches and stake holders to obtain all the relevant information to underwrite the deal.
- Train new hires and perform cross departmental training sessions
Senior Commercial Real Estate Underwriter
Situs AMC
04.2022 - 08.2022
- Worked with Situs AMC Appraisal team while drafting Appraisal reports for clients and extended quality check support for the on-going reports and communicated deviations from the company standards.
- Provided quality control assistance for Greystone sponsored Multifamily Asset Summary Reports (ASR) and worked over 20+ deals over the period of 3 months.
- Prepared internal and regulatory financial reports and income statements.
- Prepared Asset Summary Reports (ASR) for Client Key Bank, being exclusive to Property location, Market and Submarket analysis.
- Prepared comprehensive financial reports by collecting, formatting and analyzing key data points.
- Prepared monthly P&L statements and pro-forma financial models to assess current and projected financial performance.
- Reconciled transactions by comparing and correcting data.
- Prepared market analysis and market reports for Client Key Bank on adhoc basis.
- Clients: Keybank, Greystone, Situs Commercial Underwriting Department and EU Situs reporting.
- Resolved problems, improved operations and provided exceptional service.
Lead Operations Processor
Wells Fargo Solutions
05.2019 - 04.2022
- Underwritten and developed Financial Models for over 300+ Commercial Real Estate properties and assisted US team meticulously by providing notable red flags, thereby improved the quality of the client service.
- Drafted over 200+ ASR (Asset Summary Report) reports after the loan has been funded
- Responsible to analyze and process property financial statement and loan related documents (e.g. rent roll, historical operating statements, appraisal reports collections and budget)
- Responsible to prepare Asset Summary Report based on third party reports such as Appraisal Report, Property Condition Assessment, Environmental Site Assessment, Zoning and Seismic report.
- Analysed Costar, Argus and REIS applications while preparing Asset Summary Report.
- Responsible for monitoring and analyzing the property performance based on Tenants details, Property Cash Flows and provide the necessary recommendation to Prescreening/Underwriting team. Analyze and validate the loan documents and share all the inconsistencies to Reviewer/onshore as per the agreed procedure.
- Reconciling Freddie Mac and Fannie Mae closed loans in respective websites.
- Reconciled transactions by comparing and correcting data.
- Used Vlookup and other MS Office tools to create financial models and to analyse the Rent Roll details.
- Analysed monthly P&L statements and pro-forma financial models to assess current and projected financial performance.
- Prepared Performance Report for team members and Monthly & Weekly reports for onshore partners. Responsible to groom new team members.
- Closely worked with Risk and other operational partners in respect to avoid/mitigate any loopholes in the process and always adhere to the company polices
- Developed monthly/yearly variance reports to highlight significant variances in Market reports from previous quarter/year.
- Acted as a single point of contact for client for Asset Summary Report preparation.
- Provided specialized financial planning support for clients with diverse portfolios and individual needs.
- Provided Quality check and feedback to peers and associates. Provided Root cause analysis for errors and developed ideas to offset future occurrences.
Cash Administrations & Special Servicing
Wells Fargo Solutions
02.2016 - 04.2019
- Handled Payments of Principal and disbursement of funds to third parties, changing the payment schedules, taking decisions and making changes as per borrower's request and ultimately answering the investors/Borrowers.
- Reduced financial discrepancies, effectively reconciling client requests and organizing information into accounting software.
- Responsible to follow procedures and handle confidential customer information.
- Reconciled monthly Cash/Wire payments to Lockbox accounts at the company to prepare a report for Investor analysis and publications.
- Reconciled accounts, managed audits and updated financial records with remarkable accuracy.
Education
MBA - Accounting And Finance
Osmania University
Hydeabad, India 07.2015 - 2017.05
Bachelor of Commerce - Accounting And Business Management
St. Francis College For Women
Hyderabad, India 06.2011 - 2014.05
Intermediate Education - Mathematics, Economics And Commerce (MEC)
St. Francis Junior College
Hyderabad, India 06.2009 - 2011.05
Certification
Commercial Mortgage Servicer Level - I, MBA Association USA
Applications
Costar and REIS
MS Excel and Word
Argus (Basic knowledge)
Timeline
Commercial certified Mortgage Servicer (CCMS) - MBA Association USA
12-2022
Senior Account Processing Officer
CIBC
10.2022 - 04.2023
Senior Commercial Real Estate Underwriter
Situs AMC
04.2022 - 08.2022
Lead Operations Processor
Wells Fargo Solutions
05.2019 - 04.2022
Commercial Mortgage Servicer Level - I, MBA Association USA
12-2018
Cash Administrations & Special Servicing
Wells Fargo Solutions
02.2016 - 04.2019
MBA - Accounting And Finance
Osmania University
07.2015 - 2017.05
Bachelor of Commerce - Accounting And Business Management
St. Francis College For Women
06.2011 - 2014.05
Intermediate Education - Mathematics, Economics And Commerce (MEC)
St. Francis Junior College
06.2009 - 2011.05
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