Description
About the workshop:
Mortgage Domain
Mortgages is an important branch of Banking and Financial Services that Banks, and other types of lenders offer. Mortgage is type of loan that is secured by a specific, underlying real estate asset.
What is a Mortgage?
The pledging of a real estate property to a lender as a security for the payment of debt.
Most people think of a mortgage as being drawn to purchase a property, but mortgage loans are also used to refinance properties that are already owned by the borrower.
A mortgage drawn to support the acquisition or the refinancing of a home is typically called a residential mortgage.
A mortgage lender (creditor) is compensated for extending the credit by charging the borrower (debtor) interest.
Mortgage Segments
Consumer Mortgage – loan extended for which real estate, usually a single owner occupied home, or two to four dwelling units is offered as security
Commercial Mortgage – a loan made on real estate collateral, other than a residential property, in wich a mortgage is given to secure payment of the loan.
Agricultural Mortgages – are Farm Loans extended to farmers and ranchers who derive a significant portion of their income from farming operations
Mortgages tend to have more favorable terms (longer amortization, higher LTV, and lower interest rates) than other types of borrowing. Mortgage loans are made by traditional banks, as well as other financial services firms like insurance companies, asset managers, and other investment funds.
Mortgages are an essential part of the home buying process for most borrowers who aren’t sitting on hundreds of thousands of dollars of cash to buy a property outright. Different types of home loans are available for whatever your circumstances may be. Different government-backed programs make it possible for more people to qualify for mortgages and make their dream of homeownership a reality.
Instructor : Mr. V V Rao, Associate Vice President, Encora
Mortgage – Servicing Platforms
Mortgage Servicing Platform – A study on Mortgage Servicing Platform across US mortgage to help understand Mortgage Lending Process, Servicing in the Lending process, Servicing goals, Entities involved, Financing Options and Management, Loan File documents and Servicing platform functions in detail.
Instructor : Ms. Sumitha
Session date : 21st January, 2023
Timings : Saturday 10am – 1pm
Registration fees and Certificate
Course Fee : Rs 236/- ( Rs 200 +18% GST)
Certificiate : Certificates will be provided to participants who attend the workshop.
About Encora
About Encora:
Headquartered in Scottsdale, Arizona and backed by private equity firm Advent International, Encora is the preferred innovation partner to some of the world’s leading technology companies. It provides next-gen services such as Predictive Analysis, Machine Learning, Artificial Intelligence, IoT, Cloud, and Test Automation. Encora has deep cluster vertical capabilities in HealthTech, FinTech, HiTech, IAM & Cybersecurity, Digital Commerce, EdTech, Supply Chain & Logistics, Telecom and other specialized industries. Encora is an established leader in outsourced product development services that specializes in innovation acceleration for leading-edge technology companies. With over 7,500 associates in 40+ offices and innovation labs across the U.S., Canada, Mexico, Costa Rica, Colombia, Bolivia, Peru, Brazil, India, and Asia Pacific, Encora’s global talent pool, micro-industry vertical expertise and proprietary agile engineering capabilities enable clients to improve their speed to impact. For more information, please visit www.encora.com.
About the Instructor
Mr. V V Rao
Title: Associate Vice President, Encora
Bio: V V Rao is a Technology Leader with extensive experience in in US Banking and Financial Services. He has led many technology initiatives and helping organizations leverage great technology, adopt effective Engineering Practices, partner closely with Business and build technology and domain capabilities. Developed, maintained, and supported high-volume Digital Servicing Platforms catering to Loan Administration of Millions of Loans catering to the business needs of multiple customers utilizing the platforms.
He has been leading the Technology teams for the last 15 years in building and maintaining the Enterprise level applications and Digital Platforms which brought about tangible benefits to the clients across the globe. He is a certified Project Management Professional from PMI, USA, Six Sigma Green Belt, certified domain expert in US Mortgage Banking by Bank of America. He has done his Bachelors in Engineering from Andhra University, Visakhapatnam and holds MBA in Finance along with Scrum Master certification from Scrum Alliance and ITIL certification from ISEB, UK.
Ms. Sumitha Selvaraj
Title: Senior Manager, Encora
Bio: Sumitha is a well seasonal professional with over 18 years of experience in the Information Technology industry. She is a Senior Manager currently managing a team of 40+ associates for a US Mortgage client. She started her professional career with Cognizant Technology Solutions working for DFS(Duty Free Shoppers) in the year 2004. Majority of her professional growth was with DXC Technology(Formerly known as Computer Sciences Corporation) where she spent majority of her life for over 10 years working for various Retail, HRMS and Payroll/Benefits clients technically involving iSeries, RPG, SQL/400 and MQ Series. She joined as a Technical Manager with ISGN back in 2017 for managing LSAMS a loan Servicing platform an in-house product of ISGN which was later acquired/bought by Sagent lending Solutions. Currently managing a product on Loan Servicing which runs on Mainframes(Cobol, JCL, Pattern programming). She has been very successful in her role for the past 4 years with Encora/Mortgage domain in designing, building, implementing and maintaining solutions. She has been instrumental in transforming the team from iSeries background to Mainframe development team and have maintained great customer relationships. She has bagged multiple WOFs(Wall of Fame), EOQ(Employee of the Quarter) and Encora Global Award(https://youtu.be/yDAGbv0Ppjc?t=207) for the first time it was launched in the year 2021. She comes with PMP(PMI) and CSM(Scrum Alliance) certifications.
Reviews
There are no reviews yet.