Monika Sharma
Summary
Dynamic professional with extensive experience in loan documentation and nCino management, notably at Modern Bank. Excelled in data analysis and project coordination, enhancing process efficiency. Known for meticulous attention to detail and a courteous, professional demeanor. Proven track record in regulatory compliance and account reconciliation, contributing significantly to team success.
Overview
26
26
years of professional experience
Work History
Senior Associate
Modern Bank
New York
08.2022 - Current
- Enter data in nCino for processing (create Term Sheet), reporting (pipeline) and compliance (beneficial ownership)
- Create credit memo for underwriters and assist in data and subjective inputs
- Order third party reports such as flood, credit, background checks, appraisal and environmental reports
- Update nCino and checklists once loan is approved by committee
- Track good faith funds reconciling the general ledger account
- In 2024, worked as part of loan conversion team where the bank’s core system was converted from Fiserv to FIS
- Participated in pre-mapping, product definition, loan mapping, data validation, testing the loan servicing environment and many other aspects of conversion
PPP Loan Analyst
Union Bank/MUFG
Remote
02.2022 - 06.2022
- Company Overview: Rose International, Consultant
- Review forgiveness documents such as payroll and non-payroll: rent, utilities, suppliers; reconcile invoices and calculate numbers in Excel workbook to workout full forgiveness for loan
- Review loan portal for all documentation, process Docusign application and update nCino
- Resolving customer queries
- Train and guide co-workers, various ad-hoc projects
- Rose International, Consultant
PPP Loan Closer
Newtek One
Remote
04.2021 - 07.2021
- Company Overview: Atrium Staffing, Consultant
- Review loan portal (nCino) for all documentation in order to publish the Note
- Coordinate with customers for document correspondence
- Verifying and uploading Forgiveness related documents on SBA portal
- Various PPP related projects
- Atrium Staffing, Consultant
Commercial Loan Servicing Associate
Investors Bank
Short Hills
11.2020 - 03.2021
- Facilitated commercial closing transactions from beginning to end, including performing a variety of duties related to the disbursal of commercial loan funds to ensure controls are adhered for booking purposes using Fiserv Signature
- Provided solution for internal and external customers with complex loan or escrow questions pertaining to loan, tax, reserve, partial collateral releases, and insurance issues; prepares necessary correspondence and provides supporting documentation
- Loan servicing related functions such as prepared vouchers, general ledger tickets to process payments, fees, advances, payoffs and amortization
- Review and reconcile various reports; identifies, research and resolve errors and inconsistencies; analyzes account activity and prepared statements
- Daily reconciliation and settlement of loan transaction
- Upload daily work into Nautilus
- Communicate with customers, loan officers and other managers regarding loan transactions and exceptions and provide input that would attribute to efficiency
- Prepared monthly prepayment penalty and paid-off reports for senior management in Excel
Analyst, Loan Processor
ReadyCap Lending
Berkeley Heights
05.2019 - 07.2020
- Upon receipt loan submission notification from nCino, order tax transcripts for all entities clearly defined in the submission
- Post-closing file creation of legal and collateral files
- Update nCino throughout the process, to provide transparency of the process
- Upon receipt of the closing package scan and import all signed closing documents into nCino
- Review transcripts upon receipt from vendor, if there are no issues, uploaded transcripts into the shared “X” drive and nCino and advise the Underwriter
- Compile collateral files for loans for secondary market loan sales
- Ensure loan file processing is complete prior to file transfer to Loan Closer, Colson 159 submission
- Pay all vendor fees/invoices generated by the loan closer for all loans generated though the NJ Operating Center via Concur
- Reconcile month-end vendor billing with accounting
- QC check before shipping and selling of loans which included drafting checklists, assignment of leases and mortgages, and allonges, creating manifest for custodial banks
- Worked on multiple securitization projects for the company
- PPP loans – underwrote, processed lender applications, other PPP related projects
Commercial Loan Administrator
Enterprise Bank
Kenilworth
09.2017 - 05.2019
- Assist the loan officer in the submission process by completing due diligence such as pulling credit reports, OFAC, Lexis Nexis, and flood searches
- Entering new loan data into Loan Vantage software
- Issue commitment letters for approved loans (get legal, appraisal, environment, plan and cost report quotes)
- Process accepted commitment letters (process checks, create credit files, order reports)
- Follow-up with loan officers on loan conditions
- Engage and order appraisal and also follow-up on appraisal issues
- Maintain pipeline report, process invoices
- Maintain appraiser license, approved attorney and approved environment company reports for the Bank
- Maintain declined/withdrawn file log for regulatory purposes
- Process loan modification, renewals and extensions; prepare general ledger tickets
- Maintain regulatory reporting of HMDA files in Laser Pro
- Assist construction loan administrator – order inspection and title run-down; receive and process GL tickets for construction advances
- Assist loan closer – prepare closing documents in Laser Pro; OFAC; prepare debit and credit general ledger tickets and send out wire
- Prepare end of the month reports
- Monitor Bank base rate(s)/Multiple Rate Indexes and process weekly updates internally and in Laser Pro
- Post-closing file review using Fiserv’s Navigator
Substitute Teacher
Edison Township Public Schools
01.2012 - 06.2017
PMO support
Larsen & Toubro Info-tech
Edison
02.2011 - 04.2011
- Coordinating on-boarding of offshore and onsite resources
- Reporting and maintaining trackers for project managers
- Assisted account manager with CIO dashboard functions
Commercial Loan Processor
Equity One
Braintree
07.2004 - 09.2006
Commercial Loan Processor
Hingham Institution for Savings
Hingham
02.2002 - 07.2004
Teller Supervisor
Hingham Institution for Savings
Weymouth
05.2001 - 02.2002
Vault CSR
Sovereign Bank of New England
Braintree
06.2000 - 05.2001
Computer Technician Assistant
Temple University
Philadelphia
08.1999 - 01.2000
Education
Master’s - Business Administration
University of Phoenix
01.2008
Certificate - Credit Analysis
New England College of Finance
01.2004
Web Author Certificate -
NJIT
New Jersey01.2000
B.S. - Biology
University of Mumbai
India01.1998
Skills
- Data analysis
- nCino management
- Loan documentation
- Account reconciliation
- Vendor management
- Courteous and professional
- Shipment processing
- MS office
- Regulatory compliance
- Excel reporting
- Process improvement
- Attention to detail
- Project coordination
Notary Public
True
Personal Information
Citizenship: Citizen
Timeline
Senior Associate
Modern Bank
08.2022 - Current
PPP Loan Analyst
Union Bank/MUFG
02.2022 - 06.2022
PPP Loan Closer
Newtek One
04.2021 - 07.2021
Commercial Loan Servicing Associate
Investors Bank
11.2020 - 03.2021
Analyst, Loan Processor
ReadyCap Lending
05.2019 - 07.2020
Commercial Loan Administrator
Enterprise Bank
09.2017 - 05.2019
Substitute Teacher
Edison Township Public Schools
01.2012 - 06.2017
PMO support
Larsen & Toubro Info-tech
02.2011 - 04.2011
Commercial Loan Processor
Equity One
07.2004 - 09.2006
Commercial Loan Processor
Hingham Institution for Savings
02.2002 - 07.2004
Teller Supervisor
Hingham Institution for Savings
05.2001 - 02.2002
Vault CSR
Sovereign Bank of New England
06.2000 - 05.2001
Computer Technician Assistant
Temple University
08.1999 - 01.2000
Master’s - Business Administration
University of Phoenix
Certificate - Credit Analysis
New England College of Finance
Web Author Certificate -
NJIT
B.S. - Biology
University of Mumbai
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