Naveen Kumar E

• Enhanced team productivity by streamlining workflow processes and implementing time-saving strategies.
• Analyzed data to identify root causes of problems and recommend corrective actions.
• Reduced errors in loan documents through meticulous review and verification procedures.
• Evaluated pay stubs, credit history, tax information and bank statements for financial status.
• Managed a high volume of loans simultaneously, prioritizing tasks efficiently to meet deadlines consistently.

Delegated

• Reviewing the signed closing package documents Note, DOT, Final 1003, Final CD, First Payment Letter, IEAD, 4506-C, Name Affidavit & W-9
• Loans are processed based on FNMA, FHLMC and GNMA guidelines and audit the documents as per client requirements
• Verify & validate credit, income, asset, appraisal and liability documents to support underwriter requirement as per AUS
• Performing Early check and Loan Quality Advisor to validate LOS information
• Calculation of LTV, CLTV, HCLTV and Housing Ratios
• Once the file reviewed, the condition will be added based on requirement and being hold if the documents are missing else move the file

Non-Delegated

• Reviewing the signed closing package documents Note, DOT, Final 1003, Final CD, First Payment Letter, IEAD, 4506-C, Name Affidavit & W-9
• Calculation of LTV, CLTV, HCLTV and Housing Ratios
• Handling of mails for the clarifications, Escrow part and core details to the onshore
• Reviewing escrow documents IEAD, Final CD and Escrow section
• Performing Common Review on DEL & NON-DEL:
• Credit – Complete credit report, credit score, liabilities, public record, inquiries & Derogatory accounts
• Capacity – Performed the detail review on salaried (Paystubs, W2, WVOE), business income (Business tax returns and Schedules) & Other income (Award Letter, 1099-R, 1009-Misc, 1099-SSA)
• Capital – Good knowledge in Bank statements, Gift letter, IRA statements, Reserves calculation
• Collateral – Appraisal report, 1004D, Title Commitment, HOI, Tax cert & Survey
• Collect documentation to enable the calculation and validation for all sources of income, assets
• Order, track and obtain items in pending pipeline information (ie; employment verification, insurance coverage, titles, title work, appraisals, flood determination etc.)
• Resolve all routine queries regarding the mortgage loan process
• Effectively communicate loan status and issues with loan officer and/or supervisor
• Move files to Final approval and purchasing loan within the stipulated time frame
• Known Processes: Pre purchase review Audit, Loan Processing
• Known Applications: LOAN HD, Encompass