Mortgage Loan Officer

Ajay P Bhagat

Boynton Beach, FL

Tel: 561-***-****

Email: ***********@*****.***

QUALIFICATIONS :

Possessing 5+ years of comprehensive mortgage processing and underwriting experience in banking finance industries. Knowledge of Fannie Mae, Freddie Mac and conventional loan compliance, up-front, forensic conventional residential loan auditing, funding loan servicing

PROFESSIONAL EXPERIENCE :

Claim Processor ( Remote)

Florida Peninsula Insurance Company, FL; 12/20 to Current

Review homeowner insurance claim and process as per Florida Peninsula Insurance guideline

Compliance review claim form and verify claim number, identity, residency and amount request

Verify policy coverage, deductible, depreciation, mortgage and prior payments

Performing compliance audits on Insurance claim documents to detect any fraud activity

Review statement of loss payment authorization with HOI policy and decisions the claim

Also review vendor invoice in Concur to verify submitted fees, mileage and other expenses

Input all claim data in CMS and process the payments for final review

Review daily claim payments, CMS posting, update spreadsheet

Mortgage Loan Processor

Freedom Mortgage, Deerfield Beach, FL; 01/17- 12/20

Performing daily audits on closed USDA consumer loan application to assured per Chase guideline

Compliance review to verify application, terms and correct applicable disclosures in EDMS

Review loan registration, lock sheet, originator NMLS and amortization schedule

Verify credit report for borrowers credit score, identity, occupancy, and past payment history

Review pay stubs, w2s, P&L, tax returns, schedules C, E, social security, rental and other income

Reviewed Mortgage, Title commitment to verify ownership and property tax and lean

Performing compliance audits on consumer loans documents to detect any fraud activity

Review Purchase agreements, all Loan estimates and initial and final Closing disclosures

Verify Appraisal report, 1008, 1003, flood cert and hazard insurance

Input in Chase funding system CAPS, condition for missing documents and email

Review all LE and CD, CIC, Cure and perform Regulatory test to verify closing fees accuracy

Assist lender and loan officer for additional documents, clarification, file queries and status update

Mortgage Frontline Underwriter (Remote)

TD Bank, Boynton Beach, FL; 01/13-01/17

Reviewing initial conventional loan application, registration, requested loan amount, term and program

Underwrite borrowers up-front credit file for purchase, refinance and cash out refinance

Analyze pay stubs, w2s, P&L, tax returns, schedules C, E, social security, rental income

Evaluate credit report to verify credit score, identity, liabilities and past payment history

Calculate borrowers income and obligation to calculate front and back DTI ratio for loan

Prepared underwriting summary with mortgage ratio, calculate LTV, CLTV and PITIA

Assist loan officer, borrower, processor for additional documents, clarification, and file queries

Performing compliance audits on mortgage loans documents to detect any fraud activity

Decision upfront credit file for approve, denied, counter offer with specific adverse action

Conditions credit file, follow up email and update notes per TD Bank guideline

Mortgage Underwriter

Bank of America, Ft Lauderdale, FL; 07/10-12/12

Underwrite Hamp, non hamp, conventional and confirming loans per investors guideline

Assure application, 4506 T, bank statements, HOA and utility bills to verify occupancy

Analyze of pay stubs, P&L, tax returns, schedules C, E and K1, social security and rental income

Review credit report, 1003, title update and appraisals to assure for program compliance

Calculate borrowers all income and obligation to calculate front and back DTI ratio

Prepared underwriting summary with mortgage ratio, calculate LTV, CLTV and PITIA

Assist borrower and processor for additional documents, clarification, file queries and status update

Performing compliance audits on mortgage loans documents to detect any fraud activity

Decision loan in Automated Underwriting Database as per investors specific guideline

SKILLS:

Knowledge of Manual and Automated Underwriting System, DU, LP, Calyx point, Mac, Windows, Word, Excel, Lotus, Outlook, Citrix, Filenet, Unify, UCID, Iportal, AS 400, Stewart, Urban, Encompass, Landsafe, EDMS, Encompass and DocWeb

EDUCATION:

Bachelor degree in Accounting and Banking, South Gujarat University

Certified Mortgage compliance Underwriter

IRS-Vita/Tce Certification for Quality Review and Tax Return

CERTIFICATIONS:

Mortgage Basic, Closing Documents, Mortgage Credit and Processing, Purchase Agreement, Deeds & Title, Property Appraisal, Individual and Self-employed Tax Returns, Certified for IRS VITA Tax Return

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