Yashika Chopra
Brampton,ON
Summary
Detail-oriented Mortgage Underwriter with over 3 years of experience in evaluating residential and commercial loan applications. Proficient in credit analysis, risk assessment, and ensuring compliance with financial regulations. Skilled in both automated and manual underwriting processes with expertise in high-volume applications while maintaining accuracy and timeliness. Strong decision-making, problem-solving, and communication skills.
Overview
4
4
years of professional experience
Work History
Residential Mortgage Underwriter
Infinite Mortgage Solutions
02.2023 - Current
- Evaluate residential loan applications for accuracy, completeness, regulatory compliance, and provide optimal client solutions
- Collect and analyze key financial documents, including credit reports, income statements, and tax returns, to assess borrower eligibility and ensure data accuracy
- Coordinate with lenders and legal teams to expedite application processing and secure timely Broker and Lender approvals
- Prepare detailed submission applications using Filogix, Velocity, and Boss platforms, streamlining the approval process
- Communicate essential updates to clients, team members, lenders, and legal partners to maintain seamless progression of active files
- Collect, organize, and submit closing packages to ensure compliance with all post-closing requirements within designated timelines
- Consistently meet or exceed quarterly targets, including file closure rates, and set and achieve weekly goals in partnership with the Manager
Commercial Mortgage Underwriter
Infinite Mortgage Solutions
02.2023 - Current
- Conduct thorough reviews and analyses of financial documents such as balance sheets, income statements, cash flow statements, tax returns, and financial projections to support mortgage underwriting
- Interpret and evaluate financial data from diverse sources, including credit bureaus, reporting services, and industry reports, to inform underwriting decisions
- Assess borrower income capacity to ensure adequate ability to meet existing and proposed debt obligations
- Review appraisals, environmental assessments, and other reports to identify potential risks and recommend suitable mitigation strategies
- Prepare comprehensive narrative memos that summarize financial analyses and demonstrate a strong understanding of the borrower's financial status
- Propose optimal loan and pricing structures that align risk with potential returns
- Underwrite and make lending decisions, ensuring strict adherence to credit policies, risk assessment standards, and loan structuring best practices
- Maintain compliance with regulations including Privacy, Anti-Money Laundering, Anti-Terrorist Financing, and internal Anti-Fraud policies
- Facilitate communication between Relationship Managers, Loan Administration, Loan Documentation, Funding Control, and other departments to streamline the loan process
- Collaborate with lender partners on high-volume transactions, ensuring alignment and efficiency
- Participate in pre-commitment and post-closing inspections to enhance credit risk management, improve process efficiency, and reduce costs
- Adhere to underwriting guidelines, policies, and department procedures
- Build and strengthen relationships with Sales and Account Management to maximize business opportunities
Mortgage Administrator
Lendinghub.ca
12.2021 - 01.2023
- Ensure the completion and accuracy of mortgage and loan files
- Update and maintain various tracking reports for efficient file management
- Prepare and issue a range of statements and documentation as required
- Process mortgage payments and renewals promptly and accurately
- Follow up on overdue payouts, resolving client discrepancies and addressing any short-payments
- Proactively monitor and reduce delinquency on assigned accounts through collection calls, written correspondence, and detailed documentation
- Investigate and address issues related to tax bills, escalations, and penalties for late payments
- Process entries for newly approved credit facilities within the banking system
- Coordinate and track the registration of mortgage discharge documents
- Obtain and centralize valid property insurance binders or policies in a secure database
- Process transactions accurately within the mortgage system to ensure data integrity
- Handle inbound and outbound communications, including calls, emails, and faxes, effectively and professionally
Education
Post Graduate Diploma - Marketing & Entrepreneurship
Trent University
Peterborough, ON01.2019
Bachelor of Business Administration -
Guru Gobind Singh Indraprastha University
Delhi01.2016
Skills
- Attention to detail
- Communication
- Customer service
- Time management
- Compliance
- Financial and Credit analysis
- Problem solving
- Negotiation
References
Available upon Request
Timeline
Residential Mortgage Underwriter
Infinite Mortgage Solutions
02.2023 - Current
Commercial Mortgage Underwriter
Infinite Mortgage Solutions
02.2023 - Current
Mortgage Administrator
Lendinghub.ca
12.2021 - 01.2023
Post Graduate Diploma - Marketing & Entrepreneurship
Trent University
Bachelor of Business Administration -
Guru Gobind Singh Indraprastha University