Experience

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  Leader Bank NA

  • Arlington, MA

  • Assistant Vice President

    • Aug 2015 - Present
    • Arlington, MA

    Assistant Vice-President - Secondary Market / Special Projects Responsible for overseeing of servicing portfolio for over $700 Million. Constantly monitor portfolio reports to manage risk of deterioration of collateral quality for loans held in portfolio.Responsible for developing on going reporting system that is used throughout different departments.Dual responsibility to oversee TRID compliance with closing and post-closing department.Responsible to maintain relationships with Community Banks related to day to day business operations.Managing Community Bank locks in organization and underwriting review of the files between investors and underwriters.Responsible for hedging strategy and trade execution. Provide a complete set of asset and liability analysis for accurate hedging of daily exposures. Monitor current market conditions including Treasury note levels, swap spreads, current economic releases, and major economic forecasts. Provide required analysis, documentation, and reporting on hedge accounting and hedge effectiveness.Participate in the oversight of the Mortgage Servicing Rights (MSR) asset.Responsible to cross functionally inform various departments regarding risk and compliance goals with community banks.Responsible to ensure that closing, post-closing, and shipping department for timely delivery of loans to investors to mitigate the risk of expiration of investor locks.

• 

  Leader Mortgage

  • Real Estate
  • 1 - 100 Employee

  • Assistant Vice-President- Closing and Post Closing Department

    • Aug 2010 - Aug 2015

    Supervised and responsible for various process improvement projects, including organizing and conducting training across the organization.Overseeing Closing, Post-Closing, Funding, Servicing and Post-Purchase functions.Responsible to streamline processes within Closing, Post-Closing, Funding and Servicing areas.Partnered with outside counsel, 3rd Party Consultants & Title Company ensuring accuracy in review of various legal documents.Manage compliance with policies and procedures including various post-closing activities like pre-closing checks and money laundering.Primary liaison between insurance consultants and lending teams, actively managed insurance monitoring/reporting for compliant and non-compliant insurance policies, making recommendations to loan officers and/or portfolio managers.Reviewed, analyzed and offered course of action for a range of post-closing requests including construction, requisitions, partial releases, borrower entity changes and requests as it complies with the Loan Documents.

  • Manager- Closing Department

    • Sep 2003 - Aug 2010

    Managed the staff of 3 closers, and 2 post-closers.Oversee and responsible of post-closing review of residential mortgage files including comprehensive quality assurance, records management, and document imaging.Managed compliance to ensure missing documents are received and/or corrected within 2-3 business which accounted for saving of $100,000 per year. Managed auditing for closing package.Reviewed and approved due diligence items during the closing process including analysis and review of Appraisals, and various other legal Documents.Managed accounting functions necessary to disburse loan funds to settlement agents and title companies.Performed and Managed post-closing review of mortgage closing documents to ensure all necessary documents have been received and properly executed.Developed streamline follow up process with attorneys, borrowers and settlement agent on various post-closing exceptions.Ensured quality customer service both during and after loan funding to maintain strong working relationship between organization and borrower.Assisted with the compilation of statistical data for quarterly market reports by generating Reports/Comps/Maps. Implemented the documentation managing process from hard copy files to electronic document storage of residential mortgage files which saved the labor process equivalent to 2 FTE.

  • Senior Financial Analyst / Loan Processor

    • Aug 2001 - Sep 2003

    Implemented automated loan check in and check out process between various departments.Oversee a project to streamline the fast tract approval at the time of loan origination.Perform initial appraisal of potential borrowers by examining their financial and tax statements.Determine eligibility and processing of loan applications by ensuring accuracy of all documents required for loan processing.Generated and Monitored reports related to Federal Home Loans efficiently.Managed loan pipeline and update loan status information to ensure accuracy of loan reporting.Review and accurately record application information and UCC Filings.

• 

  Roffe Constructions Chemicals

  • Mumbai Area, India

  • Senior Business Analyst

    • Jun 1999 - Aug 1999
    • Mumbai Area, India

    Performed requirements elicitation sessions, interviews and team meetings during every new iteration of the projectDefined the business and functional requirements for every phase of the project.Organizing and managing meetings between clients, development teams and analysts on a scheduled basis.Facilitated team meetings to coordinate activities for project schedules.Presented project deliverables to the management at the end of every iteration/project phase.Documented and analyzed all changes to requirements throughout the software development lifecycle.Reviewed and approved test plans and test procedure documents.Assisted in writing clear, concise detailed system requirements specification (SRS) documents and user documentation.

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  Super Electro Controls

  • Jaipur Area, India

  • Business Analyst

    • Sep 1995 - Aug 1997
    • Jaipur Area, India

    Participated in the various scrum meetings held for the project. Developed a product backlog from the information collected during interview sessions with the product owner.Requirements elicitation, definition, documentation and management with both external clients and internal stakeholders.Participated in daily stand up meetings and sent daily sprint back logs with the assigned user stories that were to be implemented during the different iterations of the project. Actively involved in the review and documentation of the User Stories and their Acceptance criteria to be used. Facilitated Release Planning, Sprint Planning, Backlog Grooming, and Retrospective meetings. Worked with design, developing and testing team on prototype interaction exercise to make sure that all requirement features had been addressed.Created and maintained a project task board to track the project tasks and processes. Analyzed the existing business systems and procedures to identify system and organizational deficiencies.