Aron Badalov

Experience

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  PNC

  Jun 2007 - Jul 2011

  Real Estate Financing – Financial Analyst

  - Examined financial reports and monitored pricing to determine loan qualification.- Analyzed operating statements, rent rolls, and financials on each loan transaction, and pre-sized deals for eligibility. - Recognized for assisting Risk Management group with troubled loans that were performingon high-risk watch list.

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  Bank of America

  Jul 2011 - Oct 2012

  Internal Audit – Operation Project Consultant

  - Supported audit requests related to loan modifications from MHA-C, FNMA, FHLMC, SOX, and OCC.- Worked with Litigation Attorneys and Compliance personnel in representing and defending bank’s interest in few class action law suits.- Recognized for identifying a major process deficiency with the system of record.- Responsible for ensuring new Government modification guidelines for HAMP/DOJ programs were implemented by multiple systems of records though change management process. Show less

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  PENNYMAC

  Oct 2012 - Jun 2024

  - Manage portfolios for GNMA, EBO, and Private labels (i.e. – CRA, NOO, CES, & Warehouses), consists of 50 Investors / 1.4MM loans. - Ensuring loan accounting and investor remittances are processed timely and accurately, exceeding $4Bil./Mo.- Developed and implemented complex processes to manage the company’s Servicing Income and ESS (I/O Strip) cash-flows on MSR’s, with a monthly volume of $200MM.- Implemented a strategic workflow resulting in a $1.2 million annualized return to the company by optimizing cash-flow on outstanding fees. - Instilling rigorous compliance routines for SOX, SOC-1, HUD, and Investor controls to minimize investment risk. - Partake in annual and quarterly audit requests, providing crucial support for loan accounting and reconciliation, departmental key control walkthroughs, and audit responses. - Played a pivotal role in establishing verification procedures with various banking facilities for investment asset advances.- Lead a team development through on-the-job training, policy and procedure maintenance, and operational control development. - Analyze P/I accounts cashflows and forecast advances with expertise. - Utilized data analytics to identify trends and improve efficiency in processes. Show less - Manage Servicing Income and ESS (I/O Strip) cash-flows on MSR’s (GNMA, FNMA/CRT, and FHLMC).- Oversee credit warehouse lines and ensure fund allocations are in scope with Reg. AB, and TILA regulations.- Ensure all intra-company cash-flows are allocated timely and reconciled within SOC-1/SOX scope. - Responsible for performing root cause analysis on servicing system and performing data testing for Investor Accounting department.- Testing Cash-Flows (P&I, Servicing Fee, Ancillary Income), Trial Balance.- Significant use of technical tools to prepare analytical reports; SQL, Excel (i.e. - financial formulas/functions, stored procedures), Access database, Tableau.- Implemented a strategic workflow to optimize cash-flow return on outstanding fees - 10%/monthly return.- Maintain executive reporting for key servicing income and expense activities. Apprise executives of upswing and downswing trends. Show less

  • First Vice President

    Oct 2012 - Jun 2024

  • Vice President - Investor Accounting

    Oct 2012 - Apr 2022
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  Proprietary Capital

  Jun 2024 - now

  Head of Loan Accounting Operations