Fraud Risk Analyst

About Rate:

Rate is the 2nd-largest retail mortgage lender in the U.S. By offering industry-leading tools, low-rate mortgages, and unparalleled customer service, we’ve become the Home Purchase Experts®. At Guaranteed Rate, we think big – pushing beyond what most people believe is possible. We strive to work with the best of the best, building business with the best referral partners and hiring the best employees – allowing us to deliver world-class customer service. Our goal is to make sure every customer has a great experience. Headquartered in Chicago with 5,000\+ employees in 300\+ offices across the U.S. and licensed in all 50 states, we’ve helped thousands of homeowners with more than $37 billion in home purchase loans and refinances in just the past year alone.

We are currently seeking an experienced

Fraud Risk Analyst,

primarily with a mortgage underwriting or mortgage quality control background. This will be a full-time position in a paperless environment for all loan files, which allows for the employee to work from home (remote). Training will be provided via remote access as well.

Pay Range: $60,000-$80,000 annually

Responsibilities include but are not limited to the following:

• 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

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

Guaranteed Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason, as protected by law.

The company offers a comprehensive benefits program to eligible employees, including 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); and other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources).

Applications are being accepted on an ongoing basis.