hemant sharma

Hi Ashish, My name is Hemant Sharma. I am 29 years old. I have done MA in Financial Economics and BA(H) Economics from Delhi University. I have 4 years and 7 months of experience in the US Mortgage Process. I have worked with Suntec Web services and OD Business Pvt Ltd in Gurugram. I am sending you my resume for the post of US mortgage Underwriter. I would be very happy to work with your company and I can also join Immediately. Thank you for your time and consideration

Suntec India

Process:                                                 Post-Closing Compliance Review

Work Tenure:                                       March 2017 to March 2021

Reason to Depart:                 Hired by O.D Solutions for Pre-UW Process

Roles & Responsibility:         Process Associate 

• Description and Deed of Release from clients imaging system. 
• Data Entry of Final Disclosures and Quality Check.
• Assignment of loans and sharing EOD report with client and internal management. 
• Train new Employees and floor support

OD Business Solutions Pvt Ltd

Process:                                                 Pre-Underwriting (Scrub)

Work Tenure:                                       April 2021 to October 2021

Reason to Depart:                 Process called off by client

Roles & Responsibility:         Process Associate 

• Scrub all documents and figure out discrepancies if any available in the LOS.
• Add suspense condition in the LOS, i.e., missing incomplete or incorrect docs & info. 
• Update income in the income calculation worksheet and upload into LOS
• Cross check all the credit (liabilities) within LOS & credit Report & update LOS if required
• Run Compliance Ease test on the loan to assess risks & the auditor regulatory exposure. Add suspense condition in case loan doesn’t pass the test.
• Run RESPA test for 0 PERCENT tolerance fees (Origination & Transfer Taxes Fees) & 10 PERCENT (Title fees, Appraisal, credit report etc) Maintain Daily Production sheet.

Training & Key Skills of Mortgage Underwriting: -

• Application Review (Fannie Mae form #1003) – Old & New 1003 (Redesigned form of URLA)
• Borrower Identification -Photo Ids, Passport, Visa –Permanent/ Non-Permanent Alien Card
• Credit – Credit Report, Pay offs, Mortgage Statements, Inquiry Letter, Total debt to Income Ratio
• Capacity - Income Docs – Paystubs, W2s, Tax Returns, Verifications and 1099s)
• Asset – Bank Statements, Cash to Close Funds etc. 
• Collateral- Partial review of Appraisal & Title Prelim

• MA Financial Economics from Gokhle Institute of Politics and Economics 2015
• BA – Economics from Delhi University in 2013