Raj Bhargav Email & Phone Number

Toronto, On, Ca

Toronto, Ontario, Canada

Ontario, Canada

As a Senior Mortgage Underwriter, I played a pivotal role in underwriting, fulfilling and closing mortgage transactions for a diverse range of clients. My responsibilities span various aspects of mortgage processing, encompassing various asset types for purchase, development and refinance transactions.Operational Roles:• Underwriting Residential & Commercial Mortgages for a portfolio of clients, with loan amounts ranging from $500K to $5mn. • Reviewing financial and property documentation with precision to ensure accuracy and thereby conducting a comprehensive analysis of financial information and property appraisals to facilitate informed decision-making. Analysis includes calculating Net Operating Income and DSCR for income generating properties as well.• Researching market trends of rents, business profit margins and marketability of properties depending on the deal.• Identifying the right lender for deals, ensuring we not only meet the client’s needs but also the lending criteria. • Structuring and proposing deals to the lenders on Filogix, whilst ensuring information is accurate and all supporting documents are in place. • Ensuring terms and conditions in the Commitment Letters are met by liaising with clients and lawyers. • Utilizing conflict management skills to promptly address and resolve conflicts, ensuring a smooth workflow and effective collaboration between all stakeholders.

Dubai, United Arab Emirates

Prior to arriving to Canada as a Permanent Resident, I evaluated and underwrote commercial & residential mortgage applications. I was responsible for finding the best mortgage solution for our clients by selecting the best option from various banks in the UAE.Operational Roles:• Conducting a comprehensive analysis of a client's profile to determine their eligibility based on their income and liabilities to calculate their debt-service ratio. • Examining and analysing complex financial documents and data for decision-making purposes. • Comparing numerous bank options and identifying the bank that best meets the client's needs and eligibility requirements. • Ensuring that all documentation is in order prior to submitting the proposal to the bank to obtain pre-approval/final approval in the shortest amount of time feasible.• To ensure a smooth customer voyage, liaise with the bank to resolve any credit-related enquiries that may arise during their evaluation.• Networking with various financiers and real estate agents in the market to comprehend the changes in their lending policies and homebuyers' purchasing trends. • Conducting regular seminars to help colleagues expand their credit underwriting expertise.

Dubai, United Arab Emirates

As a Credit Specialist my core responsibilities include reviewing and underwriting for Commercial & Residential Mortgage Loans. Played an integral role that delivered to the success of FAB’s Home Journey Project (online automated process) where customers can receive a pre-approval letter within the same day.Operational Roles:• Underwriting Commercial Real Estate proposals based on customer profile, company financials and quality of rentals, to determine the degree of risk associated with the account and facilitate the decision-making process based on credit worthiness. • Calculating Debt Service Coverage Ratio and Net Operating Income while also factoring in stress conditions, vacancy rates and collaterals; thereby highlighting all key risks in the transaction and supporting them with mitigants. • Mediating with all stakeholders in the bank to successfully launch the FAB Home Journey project for Residential Mortgages. This project was an automated CRM platform designed to reduce the turnaround time for a pre-approval from 3 days to 30 minutes. My contribution to this product was to ensure that all credit underwriting rules were incorporated and to confirm that the CRM platform can handle any type of complex scenarios for Residential Mortgages. • Evaluating financials, credit scores and property appraisals which assists in the decision making of the transaction. • Liaising with real estate developers to identify KPIs which would help to grow the bank’s portfolio. Some of the KPIs included reducing TAT for a pre-approval letter, converting pre-approvals to loan disbursals and closure of properties. • Prepare strategies by collaborating with other banks to recognize market trends to mitigate losses. Strategies included debating credit underwriting practices and sharing fraudulent profiles of companies and individuals.

Worked on Citibank’s North American Mortgages, to design and offer different repayment options for borrowers. As a foreclosure specialist, my objective was to foreclose properties and ensure transfer of ownership of properties. Operational Roles:- Performed quality checks to identify fatal errors to prevent financial implications for the company.- Independently responsible to send reports directly to Citibank’s higher management in US for immediate action on high priority accounts.- Corresponded constantly with US attorney firms to handle litigation and bankruptcy cases. - Provided the team with regular updates on State regulations and other due diligences.

Master Of Business Administration (Mba), Corporate Finance, Capital Markets And Investments And Mergers & Acquisitions.

Post Graduate Diploma In Banking, Banking, Stock Market And Insurance.

Bachelor Of Commerce (Bcom), Accounting And Finance