Note: The job is a remote job and is open to candidates in USA. Guaranteed Rate, Inc. is one of the nation’s top retail mortgage lenders, delivering a seamless, tech-driven experience for customers. They are currently seeking an experienced Fraud Risk Analyst to evaluate mortgage loans for fraudulent activity and support investigations related to mortgage fraud.
Responsibilities
- Evaluate mortgage loans for suspected fraudulent activity, potential misrepresentation and/or suspicious activities related to the origination, underwriting, or servicing of mortgage loans
- Identify fraud schemes or patterns identified through monitoring or referred for investigation by business partners
- Examine financial statements and documents to identify unusual transaction patterns
- Submit recommendations for Suspicious Activity Reports to the Special Investigations Unit
- Document investigative efforts in compliance with internal policy and regulatory requirements
- Apply analytical skillsets to complex information sets to make logical and effectively supported recommendations
- Leverage investor related guidelines to assist in determination of red flags or potentially suspicious activity
- Conduct interviews with the employees, applicants, and third parties to support and/or mitigate the suspicious activity
- Develop practical recommendations and communicate with business partners on pending investigations
- Assist with the review of possible matches to various exclusionary lists including, government, agency, investor and internal
- Assist with the maintenance and development of Fraud monitoring related policies, procedures, and trainings
- Additional duties as assigned by management
Skills
- 2+ years of mortgage industry experience
- BSA/AML knowledge
- Must be familiar with Freddie Mac and Fannie Mae guidelines and must be able to actively keep up with changing guidelines (FHA and VA experience a plus)
- Strong ability to analyze large amounts of data to report critical information
- Proven researching and problem-solving skillsets
- Excellent time management skills and ability to prioritize and organize assignments
- Must be proficient with MS Office (Word, Excel, PowerPoint and Outlook)
- Must have strong written and verbal communications skills
- Must have strong analytical skills, with a high degree of accuracy and a strong attention to detail
- Use of discretion and confidentiality
- College degree preferred
- Fraud Investigations experience preferred
- Mortgage processing or underwriting background preferred
- Strong knowledge of high-risk characteristics in relation to Mortgage Fraud
- A minimum of 3 years recent mortgage banking experience, primarily in mortgage fraud schemes
- Experience working in Encompass
- Experience working in case management systems
- Experience in completing Suspicious Activity Reports
- CAMS, CFE, or other fraud/ anti-money laundering certifications
Benefits
- Eligibility to participate in a company-sponsored 401(k)
- Vacation benefits
- Eligibility for medical, dental, vision, and prescription drug benefits
- Flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts)
- Life insurance and death benefits
- Critical care insurance
- Personal accidental insurance
- Commuter benefits
- Pet insurance
- Certain time off and leave of absence benefits
- Well-being benefits (e.g., employee assistance program)
- Other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources)
Company Overview