Mortgage Fraud Specialist I

Check It Out!Ready to be a Cooper too? This might just be right up your alley!We’re here to keep the dream of home ownership alive. Oh, and while we’re at it, we’re determined to change the lending industry itself. It’s simple, but it won’t be easy. And we’ll need a great team behind us. (That’s where you come in.) We want to show the world that transparency, candor and collaboration aren’t just good values. They’re good business. Working here isn’t for people who want to punch a clock. It’s for people who want to punch a hole in the status quo. Come join us. And make a difference instead of just a living.The Fraud Investigator will be the first point of contact for all business channels in relation to suspicious activity. This position is responsible for performing all internal research and investigation and will provide conclusions to the Department Manager, Compliance, law enforcement and applicable investor. Protects the organization from losses due to internal or external fraudulent activity. Ensures appropriate resources in the event of a security breach or fraudulent event. Conducts fairly complex investigations for prevention and detection controls. Obtains awareness of current and/or pending legislation related to fraud control.Responsibilities:The qualified candidate will perform daily reviews of prefunding and post-closing origination files in addition to reviewing servicing transactions which contain suspicious activities.Must be familiar with the Red Flags rule and be able to quickly identify patterns associated with fraud.Perform assigned investigations and draft detailed summaries of findings and determine best course of action.Must be able to manage and provide a detailed analysis of the identified suspicious activities.Analyze complex loan documentation, specifically income and financial documentation, credit reports, loan modification agreements, RESPA disclosures, appraisals and title reports.Manage multiple processes in connection with account assignments, pipeline management, department training and presentations for Risk and Compliance Leadership teams.Gather, organize and analyze data as it pertains to case development through the use of analytical tracking and data management tool.Review developing cases, identify and analyze points of compromise, and communicate potential risk to Fraud leadership and Executive Management.Assess fraud severity and articulate findings in a concise summary.Determine actions required based on departmental policies and procedures. Utilize internal fraud tools and research to establish case studies and evidence.Track and document action taken in a timely and correct manner to provide a record of activity and meet audit and compliance requirements.Prepare presentations in relation to discoveries of case studies and present to management.Establish best course of action based on detailed findings and make recommendations to enhance controls or potential gaps.Communicate professionally with customers and business partners institutions and other personnel to resolve system problems or request additional information and / or documentation to support a decision on whether fraudulent activity has occurred .Manage significant caseload and utilize the company investigation system.Open and prepare cases and follow all documented procedures to ensure proper cases detail is completed.Basic Qualifications:ACFE or ACAMs certification preferredBachelor's Degree required Strong written skillsMust be proficient with MS Office, specifically Excel Detailed-oriented and highly organizedAbility to research and make appropriate decision regarding complex casesAbility to work some rotating weekends and holidaysMr. Cooper is committed to nurturing a diverse and inclusive environment where every employee is empowered to be their authentic self. We know that a large part of our success as a business is directly tied to our ongoing efforts to attract and retain diverse talent and maintain an inclusive environment where each employee can thrive. Embracing and leveraging diversity through an inclusive work environment fosters new ideas, new insights, and constant innovation. We strive to weave the principles of diversity and inclusion throughout the fabric of how we work, how we interact, and how we engage with our customers and the community.Job Requisition ID:019155Job Category:RiskPrimary Location City:LewisvillePrimary Location Region:TexasPrimary Location Postal Code:75067Primary Location Country:United States of AmericaPosting Organization:Mr. CooperLine of Business:Credit/RiskAdditional Posting Location(s):Alternate Requisition:NoSummary Protects the organization from losses due to internal or external fraudulent activity. Ensures appropriate resources in the event of a security breach or fraudulent event. Conducts fairly complex investigations for prevention and detection controls. Obtains awareness of current and/or pending legislation related to fraud control.