Fraud Risk Analyst- Personal/HELOC Loans

About Rate Companies:

Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, the Rate Companies has more than 7,000 employees in over 850 branches across the U.S., serving all 50 states and Washington, D.C. Since its launch in 2000, Rate Companies has helped more than 1 million homeowners with home purchase loans and refinances, with a total loan volume of more than $116 billion in 2021 alone. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. Honors and awards include: Top Lender for Online Service for 2018 by U.S. News & World Report; Best Mortgage Lender for Online Loans and Best Mortgage Lender for Refinancing by NerdWallet for 2021; HousingWire’s 2020 Tech100 award for the company’s industry-leading FlashClose technology; No. 3 ranking in Scotsman Guide’s 2021 list of Top Retail Mortgage Lenders; Chicago Agent Magazine’s Lender of the Year for six consecutive years; and Chicago Tribune’s Top Workplaces list for seven consecutive years. Visit rate.com for more information.

Guaranteed Rate, Inc. D/B/A Rate is currently seeking a Fraud Risk Analyst to join our team. The successful candidate will be responsible for reviewing Personal Loans, Home Equity loans and Mortgage loans to identify and mitigate potential fraud risks.

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

Essential Duties And Responsibilities

• Evaluate, Personal Loans, HELOCs, Mortgage Loans for suspected fraudulent activity, potential misrepresentation and/or suspicious activities related to the origination, underwriting, or servicing of the loan.
• Ensure the prevention of fraudulent activity by mitigating risks associated with loan applications.
• Identify fraud scenarios and complex fraud schemes, and conduct thorough investigations utilizing various tools and reports.
• Analyze account characteristics to effectively assess potential risks.
• Conduct interviews with the employees, applicants, and third parties to support and/or mitigate the suspicious activity.
• Demonstrate a deep understanding of fraud-related policies and procedures.
• Examine financial statements and loan file documents to identify unusual transaction patterns.
• Submit recommendations for Suspicious Activity Reports to the Special Investigations Unit.
• Accurately summarize and document findings, supporting the decisions made and the actions taken throughout the investigation process
• Assist with the review of possible matches to various exclusionary lists including, government, agency, investor and internal.
• Additional duties as assigned by management.

Competencies

• 1+ years of fraud investigation experience. BSA/AML experience preferred and/or CAMS, CFE
• Experience within the mortgage industry is preferable.
• Strong written and verbal communication skills
• Excellent problem-solving and analytical skills
• Ability to multi-task in a fast paced and highly regulated environment
• Strong computer skills
• Excellent time management skills with an emphasis on quality
• Must be self-motivated and able to work remotely in a team environment while thinking independently and sharing knowledge and ideas

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 protected by law.

Click here to apply online