PRAHARSHA PENUMALA
Frisco,TX
Summary
Detail-oriented and analytical Mortgage Investor Reporting Analyst with over 6 years of experience in the mortgage industry. Proven track record in preparing and analyzing investor reports, reconciling accounts, and ensuring regulatory compliance. Skilled in advanced Excel functions, SQL, and industry-specific software to enhance reporting efficiency and data accuracy. Currently pursuing CPA certification to further enhance financial expertise and contribute to higher-level financial management.
Overview
9
9
years of professional experience
Work History
Sr. GSE Reporting Analyst
BSI Financial Services
Irving, TX
08.2022 - Current
- Ensured accurate and timely remittance of funds to GSE entities, consistently meeting deadlines
- Assisted in monthly GSE required reconciliations, ensuring adherence to Fannie Mae investor guidelines
- Researched and resolved cash discrepancies in bank reconciliation processes
- Prepared and submitted wire requests as necessary to facilitate financial transactions
- Addressed inquiries from various departments, management teams, and GSE entities, providing timely and accurate responses
- Maintained and optimized procedures within monthly processes to enhance efficiency
- Supported management in internal and external audits, ensuring compliance with regulatory requirements
- Collaborated on projects to enhance internal reporting systems, contributing to improved operational effectiveness
- Supported the loss mitigation team in submission and completion of modifications and assisted capital markets with repurchases, and cashiering with foreclosures
- Collaborated with the boarding team to ensure error-free processing of new loans and acquisitions
- Actively participated in a company cultural team, driving initiatives to enhance employee satisfaction, improve company processes, and promote a positive work environment
- Collaborated effectively to implement suggestions for organizational improvement, including policy reviews, system upgrades, and process enhancements, contributing to overall workplace morale and operational efficiency.
Investor Reporting Analyst
Fannie Mae
Plano, TX
11.2018 - 08.2022
- Assisted services in loan-level reporting, remittance, and reconciliation, ensuring accurate and timely processing
- Responded to investor relations inquiries via Salesforce and phone, conducting detailed research as required
- Reviewed and updated policies and procedures within the Investor Reporting department to enhance efficiency and compliance
- Generated and analyzed reports for servicers upon request, facilitating informed decision-making
- Verified accuracy and completed calculations for cash adjustment requests, SSA’s, ARAP adjustments, and LCA’s, compiling and uploading findings for compliance purposes
- Supported the Delinquency Modification team with loan modification FBR's, MOD cancellations, and BK cramdowns, ensuring adherence to regulatory standards
- Collaborated with servicers to investigate and resolve reporting or remittance discrepancies through detailed loan-level analysis and exception clearance
- Contributed to Information Technology (IT) system upgrades by performing thorough system testing to meet critical timelines
- Conducted periodic reviews of servicer performance and conducted meetings as needed to address findings
- Gathered servicer feedback on exceptions and remittances, compiling recommendations for process improvement
- Participated in various departmental improvement projects and led a successful process improvement initiative, creating standard operating procedures for enhanced efficiency.
Senior Financial Representative
New York Life Insurance
Dallas, TX
01.2018 - 11.2018
- Provided expert assistance to clients by offering informed recommendations and updated information on product specifications, including features, account performance, and general tax implications
- Maintained a comprehensive understanding of all Variable Product Service Centers' offerings, including annuities, life insurance, qualified and non-qualified plans, product options, features, and adherence to regulatory and departmental standards
- Demonstrated proficiency in navigating administrative and mainframe systems to handle inquiries, conduct research, and process transactions efficiently
- Ensured compliance with regulatory requirements from FINRA, SEC, IRS, and state insurance agencies, applying strong knowledge of their respective guidelines
- Successfully met departmental KPIs, including goals related to quality, productivity, Average Handle Time (AHT), phone schedule adherence, and Voice of the Customer surveys.
Fixed Annuity and Variable Product Associate
State Farm
Richardson, TX
10.2015 - 01.2018
- Successfully attained Series 6 license, demonstrating proficiency in recommending investment products and services tailored to clients' financial objectives, resources, time horizon, risk tolerance, and preferences
- Provided expert assistance to customers in executing financial transactions, ensuring seamless service delivery
- Maintained a robust understanding of regulatory requirements set forth by FINRA, SEC, IRS, and state insurance agencies, ensuring adherence to industry standards
- Implemented thorough documentation procedures following established compliance and management guidelines
- Upheld strict compliance with industry rules and regulations, fostering trust and confidence with clients and stakeholders
- Managed efficient phone-based transactions, delivering prompt and accurate service
- Collaborated on special projects assigned by managers, contributing to strategic initiatives and operational improvements.
Education
Certified Public Accountant (CPA) - In Progress -
08.2024
MBA- Finance and Marketing -
Osmania University
Hyderabad, India08.2013
Skills
- Effective Time Management
- Communication Skills
- Risk Assessment
- Reporting procedures
- Analytical mindset
- Microsoft Excel
Timeline
Sr. GSE Reporting Analyst
BSI Financial Services
08.2022 - Current
Investor Reporting Analyst
Fannie Mae
11.2018 - 08.2022
Senior Financial Representative
New York Life Insurance
01.2018 - 11.2018
Fixed Annuity and Variable Product Associate
State Farm
10.2015 - 01.2018
Certified Public Accountant (CPA) - In Progress -
MBA- Finance and Marketing -
Osmania University
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