Underwriter and Fraud Detection - Hyderabad @ Wells Fargo

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Underwriter and Fraud Detection - Hyderabad

Wells Fargo
3 - 6 years
Hyderabad
5 years ago
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Job Description

Department Overview
Retail Quality and Risk Management (RQRM) is the operational risk team supporting Retail sales and fulfillment. RQRM includes groups that manage remediation and major requirement applicability, audits/exams, self-assurance, business continuity plans, risk assessment and fraud controls. This group manages risk and provides oversight and inspection of the loan manufacturing processes for the Home Lending organization. About Role
Underwriter internally known as a Pre-fund examiner 2 is responsible for reviewing fraud concerns, performing additional research as needed, review and analyze documentation from fulfillment and maintain pipeline of daily work. Responsibilities

Researches and analyzes complex transactions and referrals to prevent and detect financial crimes activities, policy violations and/or suspicious situations with low to moderate risk.
Sound knowledge of US Residential Mortgage Underwriting

Implements fraud detection techniques, performing compliance reviews.
Analyzes fraud findings to determine extent of fraud risk.
Gathers and analyzes evidence needed to conduct investigations.
Should have experience of identifying Misrepresentation of credit, Income, Employment, Asset, Occupancy, Reverse Occupancy and Property value fraud .
Experience in reviewing credit report to identify Identity Fraud
Knowledge of public records, Property flip, and reviewing various Mortgage document like VOE, W2, Paystub and Tax returns
Experience of Reviewing foreclosure information in credit report and compare 1003 to validate the foreclosure activity to prevent foreclosure fraud which impacts on the credit decision
Knowledge of verifying and validating current employer existence/ Business existence, Contact information of employer and status and ownership of undisclosed businesses
Knowledge of reviewing property websites and appraisal to compare square footage, value and condition of the current residence vs the subject property.
Responsible for understanding and identifying unusual activity (UAR) and responsible for filing UAR s if they discover proven or suspect activity
In-depth knowledge of Fannie mea & Freddie mac guidelines for Income, Collateral & Liability

Essential Qualifications

2 to 4 years of experience in one or a combination of the following: Underwriting and Mortgage fraud investigation.
Previous Audit Experience within a financial institution
Excellent verbal, written & interpersonal communication skills
Basic Microsoft Office Knowledge
Strong analytical skills including analyzing complex data

Desired Qualifications

3 to 6 years of experience in one or a combination of the following: Underwriting and Mortgage fraud investigation.
Previous Audit Experience within a financial institution
Excellent verbal, written & interpersonal communication skills
Ability to understand data, identify gaps and generate timely alerts to reduce/ eliminate gaps/ risks
Ability to exercise independent judgement and discretion handling highly sensitive casework
Ability to interact with all levels of an organization

Job Classification

Industry: Banking, Financial Services, Broking
Functional Area: ITES, BPO, KPO, LPO, Customer Service, Operations,
Role Category: Voice
Role: Voice
Employement Type: Full time

Education

Under Graduation: Any Graduate in Any Specialization
Post Graduation: Post Graduation Not Required

Contact Details:

Company: Wells Fargo
Location(s): Hyderabad

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Keyskills: remediation Automation Assurance Underwriting Risk assessment Risk management Business continuity mortgage underwriting Analytics Retail sales

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Designation / Expected Role

Current / Recent Company (*)

Experience (*)

Expected Salary (*)

Desired Industry (*):

Functional area / Department (*):

Enter Skills (key skills, subjects, technologies & roles to use in search)

Write briefly about yourself, your experience and education (*)

Attach ResumeMax 2.38 MB (RTF, PDF, DOC, DOCX formats only parsed)

Please, check the file size and type.

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Create password

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Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community- based financial services company with $1. 9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more ...

Underwriter and Fraud Detection - Hyderabad @ Wells Fargo

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