VINOD RANDHAVE
Finance
Pune
Summary
Dynamic and highly organized Mortgage Underwriter with 18+ years of experience in the finance sector. Proven track record of success in reviewing hundreds of complex loan applications and assessing their financial risks, while consistently adhering to underwriting guidelines. Artist of mitigating risk and maximizing opportunity to ensure a profitable return for the bank and clients
Overview
19
19
years of professional experience
3
3
Certifications
Work History
Co-Ordinator, Document Imaging & Fulfillment
Ocwen Financial Solutions Ind. Pvt. Ltd.
04.2018 - Current
- Review loan applications and supporting documentation for accuracy and completion.
- Assess creditworthiness and evaluate loan risk for residential and commercial mortgage loans.
- Analyze financial information such as credit reports, income statements, balance sheets and assets.
- Ensure that loan application packages are in compliance with banking regulations.
- Respond to questions and inquiries from borrowers and loan officers.
- Verify and document information such as income, assets, and liabilities.
- Monitor loan processing, underwriting and closing activities.
- Develop underwriting standards and procedures to ensure accuracy, quality, and compliance.
- Generate timely and accurate underwriting decisions and communicate them to customers.Delivered exams management requirements and audit document control on red flag loans.
- Improved team productivity with regular communication and progress updates, fostering a collaborative work environment.
- Confirm the loan file is complete from the regulatory standpoint, with appropriate documentation.
- Entered data, generated reports, and produced tracking documents.
- Adhere to strict timelines prescribed by management, and provide the review response in the desired timeframe.
- Responsible for completing comprehensive credit checks of all channels to ensure collateral integrity, documentation accuracy, and completeness.
- Review loans based on high-risk characteristics to determine if investor guidelines were met, if sound practices were followed, and to determine if corrective actions are warranted based on audit results.
Compliance Analyst, Compliance
Homeward Residential Corp India Pvt Ltd.
03.2014 - 03.2018
- Evaluate loan applications for residential mortgages and determine borrower’s creditworthiness
- Ensure loan applications are in compliance with relevant regulations and standards
- Analyze financial documents and credit reports for accuracy
- Manage loan documents, including title documents, credit reports, appraisals, and other necessary paperwork
- Collaborate with loan officers, processors, and other team members to review applications and ensure compliance
- Prepare loan packages for final submission, ensuring all documents are included and up to date
- Conduct periodic loan reviews to assess risk and ensure compliance
- Update loan files with new information, as needed
- Provide valuable feedback to loan officers and other team members
Sr. Customer Executive - Loss Mitigation Underwriter
Option One Mortgage India Pvt Ltd.
06.2007 - 02.2014
- Mitigate lending risk by carefully analyzing applicants' information and making strong recommendations based on findings.
- Work seamlessly with loan processors and other team members to ensure a smooth, speedy application process for potential clients.
- Determine appropriate loan, P&I, and escrow amounts for each applicant, adhering to company policies and standards.
- Uncover any undisclosed debt, cash flow issues, or other missing financial information.
- Understand the rules and regulations that govern lending activities.
- Ensure that all loan applications and files are complete and accurate.
- Review the loan file from the data integrity standpoint, and look out for possible misrepresentations and red flags to mitigate risks.
- Work closely with the leadership team to prioritize business needs.
- Conducted regular reviews of company policies and procedures for alignment with regulatory requirements and industry best practices.
- Mentored junior analysts, fostering professional development while enhancing overall team performance.
Education
Bachelor's Degree - Commerce
Pune University
Skills
Mortgage Underwriting
Credit Analysis
Loan Structuring
Regulatory Compliance
Financial Services
Problem- Solving
Customer Service
MS Office
Accomplishments
- Risk Mitigation & Compliance: Mitigated lending risk by conducting comprehensive credit and document reviews, identifying "red flag" loans, uncovering misrepresentations or undisclosed debts, and ensuring all applications adhered to regulatory standards and investor guidelines
- Audit & Data Management: Managed audit document control, ensured data integrity, and generated reports and tracking documents to support compliance and project management needs.
- Process Improvement & Leadership: Enhanced team productivity by streamlining workflows, fostering collaboration through regular communication, and mentoring junior analysts.
- Loss Mitigation & Investigation Support: Managed delinquent loan portfolios to maximize recovery efforts and assisted investigation and risk management teams with fraud identification.
Certification
Decision Making
Timeline
Co-Ordinator, Document Imaging & Fulfillment
Ocwen Financial Solutions Ind. Pvt. Ltd.
04.2018 - Current
Compliance Analyst, Compliance
Homeward Residential Corp India Pvt Ltd.
03.2014 - 03.2018
Sr. Customer Executive - Loss Mitigation Underwriter
Option One Mortgage India Pvt Ltd.
06.2007 - 02.2014
Bachelor's Degree - Commerce
Pune University
PERSONAL DETAILS
Date of Birth: 01.02.1983