Home Insurance

PRASAD NAIK

#**Akshaya, K.E.B Road, Near Rameshwara Temple, Banshankari 3rd Stage, Bangalore -560085

Contact: +919*********/953-***-****

Email id: ac1wh8@r.postjobfree.com

QUALIFICATION: MBA (Finance) in 2012 from (VTU), B.com in 2010 from (KUD).

DOMAIN EXPERTISE: US Mortgage.

TECHNOLOGIES: Vinca, Citrix, Netro Online, SAP EHP6, EHP 7.

MS Office Tool: MS Excel, MS Word, MS PowerPoint.

SUMMARY:

Finance professional with 3 years of experience in US Mortgage process.

Extensive experience in the mortgage banking and the lending scenario with a considerable knowledge of residential and nonresidential mortgage lending.

Have good knowledge on basic documentation drafting and reviewing.

Have good Knowledge of Closing process (HUD/CD).

Proficient in analyzing client’s needs and proposing suitable mortgage solutions.

Extensive customer handling experience and ability to handle projects independently.

TECHNICAL COURSE AND CERTIFICATIONS:

Course: SAP FICO

Institution: RADIANT TCO (Training Consulting & Outsourcing).

Duration: (April 2017 to August).

Skills: SAP FICO

Financial Accounting:

Creation of G/L Masters, Cash Journals, House banks and Maintaining Field Status Variant and Posting Keys.

Configuration of fiscal year variant, posting periods, tolerance groups, document types.

Configuration of number ranges of various components of SAP.

Configuring interest calculation types, defining reference interest rates, assigning accounts for automatic posting for interest calculations.

Settings for foreign currency valuation (fluctuations in exchange rates).

Creation of customer/vendor accounts groups, number ranges, and customer/ vendor masters’ creation.

Configuring automatic payment program and dunning for vendors/customers.

Creation of Chequ lots, house banks and assigning account numbers for the house banks.

Configuring Input/output tax and withholding tax.

Configuring chart of depreciation, Depreciation areas and depreciation keys.

Creation of asset classes, Asset number ranges, account determination, and related settings.

Depreciation runs.

Managing acquisition of new asset with asset under construction (AUC) and settlement of the same to final asset.

Transferring APC Values.

Controlling:

Maintain the controlling area, and versions for actual and planned postings.

Creation of cost centers and definition of cost center hierarchy.

Creation of activity types and statistical key figures and allocation, distribution and assessment of costs.

Creation of primary and secondary cost elements with appropriate cost element category & cost elements hierarchy.

Definition of internal orders types, order masters, budgeting & settlement profiles.

Maintain operating concern and assigning operating concern to controlling area.

PROFESSIONAL CARRER [3 years]

Visionet Systems Pvt. Ltd, Bangalore. (March 2013 to March 20106)

Client: Old Republic Title Company.

Senior Associate:

Roles and responsibilities

Highly efficient mortgage-closing specialist offering three years of experience in closing and refinancing.

Preparing HUD-1 /CD Documents and following up on approval to the Lenders.

Validating the supporting documents like closing instructions, Pay off, Title commitment, DEED, Subordination, Tax certificates.

Reviewed and reconciled HUD-1 settlement statements prior to closing for borrower's information, account payoffs, home owners insurance, property taxes and other pertinent closing information.

Reconciled HUD1/CD Settlement Statement, assuring compliance with lender and maintaining high-level quality, and reducing financial risk

Pre-prepare correct and accurate files for closing ensuring homeowners, hazard, title and other forms of insurance.

Manage and document data on computer for closing package.

Reviewed HUD's accurately and verified all information for correctness.

Ordered wires for closing and ensured my availability to title companies, loan officers and lenders for any help in the closing process.

Well-equipped on current knowledge of loan closing and documentation procedures.

Validating work done by the team members and assisting them on queries and process updates.

Facilitated closing and disbursement for conventional, FHA, VA, RHS mortgage loans.

Ensure accurate, complete, and timely loan data on processing system.

Recorded, maintained and updated client with production and attendance report of the team.

Ability to work in flexible shifts inclining to client’s wants and requirements.

Meticulous in delivering error-free documentation and ensuring compliance with client specific quality standards.

Project Detail (MBA):

Project Name : Mortgage loan under Home loan.

Study : A study on mortgage loan/Home loan in compliance to syndicate bank norms.

Duration : 3 months (Dec 2012 - Feb 2013)

Description : The main objective of the study was to known different home loan schemes and their interest

Rates offer by the bank. And also study the customer satisfaction level about the home loan.

Objective:

The project aimed at studying the customer’s perceptions about home loans.

The study mainly aimed at understanding the concept of home loan scheme and customers eligibility criteria.

The analysis centered to understand the documents involved in the home loan scheme and the repayment methodology adopted by syndicate bank.

To analyze Indian home loan market its growing trends and various methods of operating a home loan.

The comparative study of disbursement of home loans by banks helped in knowing various home loan products, various rates for availing home loan.

Conclusion:

The study concluded trends of loan borrowers based on income groups.

The most sought after loan was for infrastructure development and housing purposes.

It is found that most contribution in loan sector was from middle income group.

The study provided with an in-depth insight on survey methodologies of customer satisfaction trends.

Achievements:

Awarded as the Best team player/performance of the Year (2012) by the Visionet Systems Pvt. Ltd.

Regarded as one of the company’s most productive quality checker, handling an average of 100 files monthly.

Presented Paper on Mortgage process for (US, UK, INDIA).

Worked with a team to organize an Intercollegiate technical festival

Personal details:

Date of Birth : 08th May 1989.

Passport No : N9757817.

Nationality : Indian.

Declaration:

I hereby declare that, the above information is true to the best of my knowledge.

Date:

Place: Bangalore PRASAD NAIK.

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