Loan Processor Officer

Anju Shakya

Objective: To obtain a challenging position within company and pursue opportunities of growth

SUMMARY:

• 10 years Mortgage experience.

• 4 months experience as a Management Information System (MIS) Manager.

• 5 years’ experience in Finance, Account, and Business Management

• Strong financial analysis and project management skills.

• Self-motivated, client focused team player and dedicated to maintain high quality standards.

• Good Knowledge in Fundamentals of Finance, Investment, Accounting, and Management.

• Computer Proficiency: MS-Word, MS- Excel, MS- Project, MS-Access, MS-Office Outlook, MS-PowerPoint, Encompass, MSP, SAP, QuickBooks, Graphic Designing, Adobe Photoshop, & PageMaker.

• Languages: English, Nepali, and Hindi.

• NMLS Licensed

EDUCATION:

• Master of Business Administration (MBA), Corporate Finance, University of Dallas, Irving (2009)

PROFESSIONAL EXPERIENCE:

Supreme Lending (October 2020 to April 2022)

Sr. Mortgage Loan Processor

• Maintained knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers.

• Maintained and updated loan application information within loan origination software and other applications. Verified the data collected, analyzed, and decided whether it meets guidelines or if other documentation is needed; ensured loan application is in compliance with Underwriting, Investor, RESPA, and HMDA guidelines.

• Calculated income, reviewed assets and liabilities.

• Reviewed all disclosures for completeness and compliance.

• Completed evaluation/analysis of application packages, submitted files specifying any applicable conditions.

• Monitored rate lock for data integrity and expiration dates; communicates discrepancies to the Loan Officer.

• Maintained pipeline to ensure projections, closings, and compliance with Company, Federal, and State standards.

• Updated loan officer, loan officer assistant, builders and customers on loan status.

• Maintained communication with customers throughout the loan process, assisted them with any questions and notifying them of any additional requirements.

Guaranteed Rate Inc. (June 2016 to September 2020)

Sr. Mortgage Loan Processor

• Reviewed all details of the loan file and disclose application package and all necessary initial disclosures based on requirements and timeframes.

• Processed assigned loans in a timely manner according to FHA, Fannie Mae, Freddie Mac, VA, and USDA lending guidelines. • Placed all applicable third-party orders

• Organized the file for complete and proper Underwriting submission, anticipating all potential company and investor requirements, and submit file with intent of “Clear to Close”.

• Research and identified options and outlets for restructure based on Underwriting decision/conditions.

Prospect Mortgage (August 2013 to June 2016)

Mortgage Loan Processor (May 2015)

• Responsible for supporting Transaction Support Manager and Divisional President by reviewing supporting loan documents to determine if additional information or file documentation is needed prior to submission to Underwriter

• Responsible for evaluating and ordering Tax transcript, Social Security Verification, Verification of Employment, Verification of Deposit, Verification of Rent, Flood certificate, FHA Case number, and Title.

• Work with Loan originator teams to identify and resolve all potential underwriting, securitization and credit issues. • Monitoring and assessing the progress of the transaction so that deadlines are met and contingencies are released.

Loan Officer Assistant (August 2013)

• Perform complete and in-depth review of mortgage loan files including; income, assets, credit and collateral • Responsible for verifying and reviewing financial statements, credit reports, and applicable ratios (i.e. Debt ratios, loan-to value).

• Responsible for evaluating and examining transactions to ensure accuracy and completeness and ensuring that documents are consistent.

• Responsible for fraud detection techniques.

• Responsibility for reviewing all loan file details prior to submission to the underwriter.

JPMorgan Chase (October 2010 to August 2013)

Business Analyst I (June 2012)

• Review rescission using root cause analysis to determine process breaks.

• Monitors and tracks obligation and expenditures for assigned activity accounts on related budgetary form, schedules, and reports.

• Develop detailed spreadsheets to identify trends and develop forecasts.

• Review claim funds received from mortgage insurance to determine Chase servicing guidelines are met and assist with the development of standardizing the review process.

• Negotiate and direct attorneys to resolve all outstanding legal matters pertaining to asset.

• Analyze high risk loans to ensure all options for foreclosure prevention are exhausted.

Senior Operations Analyst (October 2010)

• Reviewing critical documents for different home loans such as FNMA, FHA,VA, FHLMC, USDA, and private loan • Validate accuracy of modification documents once received from customers.

• Perform data entry on applicable line of business applications.

• Reviewing systemic updates.

• Generating outbound correspondence to customers within service level expectations.

Zee TV USA Inc. (July 2009 to November 2009)

Management Information System (MIS) Manager

• Prepared MIS and Financial reports as per management requirement on fortnightly & Monthly basis. • Implemented MIS systems for cost control.

• Used the multiple consolidation range feature of pivot tables, and vlookup to summarize accounting data arranged in columns by month and quarter.

• Prepared a strategic road map document to establish a plan for accomplishing a particular strategic goal including payroll, financial statement & sales.

• Collaborated with Sales, Marketing, Distribution, and HR and Finance teams to facilitate communication for successful project launches.

ACHIEVEMENTS:

• Pacesetter Award 2019 – Guaranteed Rate

• Pacesetter Award 2020 – Guaranteed Rate

MEMBERSHIP:

• Professional Member of Sigma Iota Epsilon(SIE), University of Dallas, Irving (2009)

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