Loandepot, america`s lender, matches borrowers through technology and high-touch customer care with the credit they need to fuel their livesWhile there are many loan-touch career opportunities within loandepot, we could not take care of our employees, nor our customers, without the amazing support of our corporate teamsFrom hr & marketing to finance & compliance, #teamloandepot is always searching for the best talent out thereWith over $100 billion in funded loans since inception, the evolution & enthusiasm is not slowing down anytime soonCome join us!
Loandepot — we are america’s lender.
Position summary:
Provides oversight and support to the internal fraud prevention and monitoring program: detects, prevents, and mitigates identity theft, fraudulent activities and money laundering in connection with originating, processing, underwriting, and closing mortgage loansConducts fraud risk analyses using advanced methods and tools of aggregated data provided by the company or other sourcesEnsures the performance of all duties in accordance with the company’s policies and procedures, all u.sState and federal laws and regulations, wherein the company operates.
Responsibilities:
Develops and maintains policies and procedures concerning fraud prevention, investigations, and internal and external reporting such as suspicious activities reportsProvides rationale as to the adequacy and effectiveness of policies and procedures.
Responsible for enterprise fraud alert news/communicationsDevelops and maintains procedures and criteria for alerts; crafts messaging surrounding communications to the organization.
Develops fraud job aids & training desks, administers in-person or on-line training for operations.
Supports management on internal or external fraud audits, liaises with legal and compliance as neededGathers requested polices, reports and documents, reviews findings and provides responses accordingly.
Manages red flags email inbox and tracking system and logs, tracks and responds to all potential fraud referrals or bsa alertsIdentifies trends and develops reporting as required.
Manages watchlist alerts and coordinates quarterly reviews/testing with hr & recruiting on exclusionary/watchlistsPerforms reviews to determine any potential findings to report to management.
Manages complex internal and external fraud investigationsConducts fraud risk analyses using advanced methods and research tools provided by the company, or obtained through other reliable resources.
Performs “root-cause” analysis by incorporating relevant case information, as well as supporting documentationEvaluates the accuracy of loan documents, assesses loan attributes and documentation for soundness and accuracy.
Identifies areas of potential fraud risks in new and existing products or servicesEstablishes adequate internal fraud prevention controls to minimize risk and lossesKeeps current on new and emerging fraud trends throughout the industry and develops strategies to safeguard loandepot from those schemes.
Performs data analysis on loans with red flags to identify emerging fraud trends or control deficiencies and develop risk-mitigation strategies to reduce or eliminate losses associated with potential fraud.
Manages existing fraud prevention tools and red flag software (automated risk assessments) employed by loandepotEnsures programs are updated to reflect changes in risks to customers and to the safety and soundness of the organization in regards to identity theft, money laundering and fraud.
Confirms compliance with all necessary regulations, not limited to, but including: reg b/ecoa.
Performs other duties and projects as assigned.
Requirements:
Bachelor’s degree preferred, or minimum of five (5) years’ experience working in a similar field.
Experience in fraud underwriting and risk analysis.
Experience in the mortgage industry preferred.
Fraud management experience preferred
Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position.
Knowledge of credit, income and fraud analysis for consumer credit.
Highly organized/strong attention to detail.
Proven ability to work well under pressure and adjust to varied work load in fast paced environment.
Intermediate skills in computer terminal and personal computer operation; microsoft office applications including but not limited to: word, excel, powerpoint and outlook.
Advanced math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
Effective organizational and time management skills.
Exceptional verbal, written and interpersonal communication skills.
Ability to make decisions that have moderate impact on the immediate work unit and cross functional departments.
Ability to organize and prioritize work schedules on a short-term and long-term basis.
Ability to deal with complex difficult problems involving multiple facets and variables in non-standardized situations.
Ability to work with little to no supervision while performing duties.
The perks:
Competitive compensation reliant on ability & experience.
Excellent benefits package including multiple health, dental & vision options.
Company paid life and ad&d insurance, as well as additional voluntary benefit possibilities.
401k with robust company match.
15+ pto days in addition to 8 paid company holidays.
The opportunity to work for america’s lender under the vision of industry legend, anthony hsieh.
We are an equal opportunity employer and value diversity in our companyWe do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
