Fraud Risk Analyst

🕒 6 days ago

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Rate

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

Founded 2000

💳 Fintech

💸 Finance

💰 Private equity on 2018-01

Fintech • Finance

Rate is a consumer-facing finance brand (likely a fintech) whose website CSS contains explicit credit-related variables and UI tokens. The available site stylesheet includes color variables named for credit tiers (credit-poor, credit-fair, credit-good, credit-excellent) and many design tokens for rates, marketing, and status indicators — indicating Rate offers digital experiences around credit scoring, rates, or other personal finance metrics. The styling and tokens suggest a polished web product focused on presenting financial/credit information to users rather than hardware or non-financial services.

📋 Description

• 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

🎯 Requirements

• College degree preferred • 2+ years of mortgage industry experience • Fraud Investigations experience preferred • Mortgage processing or underwriting background preferred • 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 • Strong knowledge of high-risk characteristics in relation to Mortgage Fraud preferred • A minimum of 3 years recent mortgage banking experience, primarily in mortgage fraud schemes preferred • Experience working in Encompass preferred • Experience working in case management systems preferred • Experience in completing Suspicious Activity Reports preferred • CAMS, CFE, or other fraud/ anti-money laundering certifications preferred

🏖️ 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)