Tarun Kumar

About Tarun Kumar

I began my career as an Associate in Investment Banking in 2021. Over the years, I have…

Experience

1. Structured Finance Analyst

   Mr. Cooper

   Aug 2024 — Present · Chennai, IN

   Mortgage servicing -Fanniemae Loans-MBS1. Reconciled custodial accounts to ensure end-to-end flow of funds from borrower payments to investor remittances ensuring alignment between general ledger.2.Handled end to end loan servicing activities P&I and & T&I collections, Investor reporting, and delinquency Monitoring in compliance with Fanniemae/US GAAP guidelines. Ensured timely and accurate remittance of funds via wire transfers to trustees in compliance with Fannie Mae guidelines.3. Prepared and submitted monthly remittance reports, detailing collections, delinquencies, and adjustments to investors, maintaining full compliance with remittance timelines, Water fall schedules, and Pass-through requirements. Performed scheduled vs. actual cash flow reconciliations, resolving shortages, surpluses, and trial balance outages. Posted and reconciled journal entries for custodial transfers, escrow balances, and Investor Payout in alignment with GAAP.5. Liaised with trustees, custodians, and internal finance teams to investigate and resolve remittance or payment discrepancies and supported the accounting of the loan repurchase and payoff by ensuring correct recognition of purchase premium, Par discrepancies, and related journal entries. 6.Verified remittances to MBS investors and trust accounts, ensuring alignment with servicing and investor agreements and coordinated with lenders, trustees, and warehouse partners to resolve data gaps, pricing issues, and funding discrepancies during loan onboarding and reconciliation.7. Investigated and resolved unapplied cash and Par value difference affecting custodial cash balances.8. Reviewed borrower loan agreements and collaborated with capital markets to resolve servicing or interest rate discrepancies.9. Interpreted ARM Note and Rider documents to recalculate interest rates during reset periods, ensuring accurate borrower P&I and investor reporting in accordance with fallback index provisions (LIBOR to SOFR).

Education

• guru Nanak college chennai

  B.COM

  2018 — 2021