DEEPAK K. SAHNI

Cary, NC ***** adsod2@r.postjobfree.com 919-***-****

SENIOR MORTGAGE UNDERWRITER

Accomplished Senior Mortgage Frontline Underwriter with career expertise in the retail Jumbo/non-conforming, Conventional & Default servicing as a Leader and Underwriter. Applies expertise in mathematical, analytical, research and decision-making skills. Leverages extensive knowledge and experience in underwriting wide variety of loans for Conventional, conforming, Jumbo/non-conforming, Wholesale, commercial, Bond, FHLMC / FNMA, portfolios, while adhering to state, federal and government mortgage policies, and procedures.

AREAS OF EXPERTISE

Underwriting Guidelines Self-employment income calculations such as S-Corp/1120S, C-Corp/1120, Partnership/1065, K1’s, Schedule C, E and F Credit Risk Management AUS, LP & DU Foreclosure Laws Financial Analysis Budget Counseling Bankruptcy Laws Encompass, Core, LOS Strategic Planning State Mediation Laws Auditing & Compliance Quality Control Analysis Skills MS Office and Excel expert Fair Housing Regulations.

PROFESSIONAL EXPERIENCE

JP Morgan Chase, Remote 08/2020-06/2022

Senior Mortgage Underwriter – III

Manage underwriting of FANNIE/FREDDIE MAC conforming and non-conforming first and second mortgage application packages; ensuring compliance with corporate and agency policies and regulations.

Conduct thorough review of packages to ensure accuracy and authenticity; thorough review of borrower/property qualifications and assured validation of submitted documents through automated underwriting and computerized appraisal systems.

Maintained consistent written and verbal contact with brokers, loan officers and processors on daily basis; assisted with pre-qualification and application documents to assess borrower creditworthiness and capacity to repay.

Analyze tax returns and financial statements to determine ongoing cash flow to support loan repayment.

Participated in identifying potential challenges withing the underwriting process and / or department and makes recommendations for changes to improve.

Wells Fargo Home Mortgage, Raleigh, NC 02/2012-08/2020

Mortgage / Consumer Loan Underwriter - III

Provided meticulous attention to detail in underwriting retail mortgage and evaluate the financial strength of borrowers to determine risk and repayment capacity.

Underwrote retail frontend loan applications for agency, non-agency, non-conforming, whole-sale, and Jumbo loans according to bank policy while maintain clear understanding of product guidelines to render the appropriate decision.

Reviewed borrower income, tax returns, financial statements, credit report, title report, appraisal report, and current property value assessments to mitigate any potential losses.

Reviewed and analyzed special conditions, client escalations, loan deficiencies, implementing preventive actions and approve or deny exception requests to execute appropriate courses of action.

RBC Bank (US), Raleigh, NC 03/2010-02/2012

Mortgage Loan Underwriter III / Team Lead

Evaluated, approved, & underwrote unusual & highly complex consumer, multifamily real estate, wholesale, jumbo, FHLMC / FNMA, commercial and conventional loans, while adhering to company & industry guidelines.

Ran Desktop Underwriter (DU) with updated calculations, appraisal value prior to final approval ensuring both DU and AUS systems match.

Reviewed appraisals for accuracy and property eligibility, ensuring the value is supported by the comparable provided, and outside sources obtained through quality control measures.

North Carolina Housing Finance Agency, Raleigh, NC 01/2009-03/2010

Retail Mortgage Loan Underwriter

Reviewed and underwrite housing bond & conventional loan applications.

Reviewed borrower’s loan applications to assure comprehensiveness of data, employment & business profile, confirming information on applications and obtaining supplementary documents.

Reviewed, examined, and underwrote residential, and construction mortgage loans to ensure soundness, business value, credit quality, bankruptcy record, quality control and compliance with FHLMC/ FNMA, federal and state standards.

Barclays Capital, Raleigh, NC 03/2007-01/2009

Retail Mortgage Loan Underwriter - Team Lead

Underwrote Prime, Subprime, Conforming, Non-Conforming, Jumbo, Wholesale, and EA/LP/DU/Desktop Mortgages.

Reviewed, examined, approved, and underwrote consumer and commercial loans to ensure affordability, business value and compliance with bank and investor guidelines.

Interpreted underwriting guidelines to determine if loan conformed to applicable guidelines. Performed debt ratio, loan-to-value ratios, credit score, property valuation recalculations and ensuring all title issues are cleared.

Wachovia, Raleigh, NC 06/2000-03/2007

Loss Mitigation Underwriter

Maximized revenue by proactively approving and denying modifications, repayment plans, short sales, and foreclosure sales on residential mortgage loans / properties.

Uncovered fraudulent activities through detailed investigation and complete account documentation.

Researched and resolved collections / foreclosure / bankruptcy and credit report disputes.

Reduced the number of litigated filings and eliminated sanctions by attending mediation hearings and providing pre-trial resolutions of modifications, short sales, deed in lieu, forbearance, & repayment plans.

Oxford University Press, Cary, NC 02/1998-06/2000

Credit and Collections Analyst

Support credit risk functions of global universities press by establishing and managing credit risk data remediation.

Gathering and analyzing data from several universities press and educational institutions.

Identify and resolve collections disputes, order credit release for colleges, universities, and libraries.

Research and analyze accounts of their payment and sales history, habits, and prior collections activities.

State Bank of India, NDSE-1, Delhi 01/1993-02/1998

Foreign Exchange Salesclerk

Bought, sold, and exchanged an average of US$50,000 worth of foreign currency daily by helping domestic and internationally clients select appropriate financial products.

Process cashier’s check, traveler’s checks, money orders and cashier’s checks.

Ensured quality of service by hand counting currency and walking customer through each transaction.

Timely and accurately investigate international wires transfer cases on behalf of clients.

EDUCATION

Master of Science in Accounting University of Phoenix, Raleigh, NC

Bachelor of Commerce with Honors, Major in Accounting University of Delhi

business, annual reviews, as well as renewals modifications. Majority of work will be commercial in nature. Attend customer calls meetings when appropriate. Play a role in the loan decision making process. Assist with the coordination of loan portfolio reviews, audits, and regulatory reviews. Supervisory Responsibility. Assist with oversight of the credit function reporting, stress testing, covenant testing, credit file maintenance. Monthly tracking and maintenance of Borrower Financial Statement Tickler Report and Financial Covenant Tracking Report, along with calculation and compliance. Follow-up with Relationship Managers to obtain required information and prepare and process the Financial Statement Cover Memo. Attain proficiency in Moody’s Lending Cloud software (including financial spreading, global cash flows and rent roll modules, among others as needed) and fluency in Bank’s Credit Policy, particularly with legal lending limit thresholds, general authority approval levels, and underwriting guidelines among other policies. Assist Credit Officer with coordination of loan portfolio reviews, audits, and regulatory reviews throughout the year.

1data meets all the regulatory requirements

clear all underwriting conditions prior to closing. 5 years Conventional front-line underwriting. FHA Direct Endorsement

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