New

Loss Forensic Analyst

TEKsystems
$26.00 - $38.00 / hr
life insurance, sick time, 401(k), retirement plan
United States, North Carolina, Charlotte
May 07, 2025
Job Description The Loss Analysis Specialist, performs detailed reviews on the servicing file, after claims recoveries have completed, in order to determine losses and root causes, submit chargebacks to departments and vendors for avoidable losses, clear out appropriate balances on the loan and close the REO Workstation down. Performs a detailed review of the servicing file from date of default to final claim payment Reviews claim to determine if a supplemental claim is needed Performs a root cause analysis of the servicing file from date of default through final close out to ensure all regulatory and contractual requirements are adhered to Submits RCA (root cause analysis) chargebacks to vendors and departments as appropriate for avoidable losses incurred, providing detailed backup and answering any follow-up questions the business line may have Identifies contractual versus non-contractual loss; type of loss; and reconciliation of final accounting Sends requests and documents system to clear balances and close down REO Workstation Identifies missed steps, or steps outside the review and reporting process and flags in Director Assist in training new team members Serves as Subject Matter Expert for client and inter-departmental escalations Other duties as required Appropriately assess risk when business decisions are made, including but not limited to compliance and operational risk. Demonstrate consideration for Client's reputation by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards oMonitor and close platform workstations oResearch or reconcile complex information and transactions oResponsible for building and maintaining master data Excel spreadsheets daily oAccountable for performing assigned functions efficiently while ensuring adherence to all regulations, procedures, and policies oResearch, address, and resolve all escalated or time-sensitive issues, transactions, business partner/3rd party disputes, and inaccuracies oWork with other teams to identify, root cause, and fix data discrepancies to maintain the accuracy of investor and vendor regulations and P&P oAid management with special projects such as reporting or monitoring performance oExceed daily, monthly, and quarterly production expectations while maintaining high levels of accuracy oRetrieve and analyze all supported documents to support and bill root cause departments and vendors oReview supporting documentation for adherence and compliance requirements oEnsure compliance with all investor, insurer, client, and company policies, procedures, and guidelines to prevent significant monetary loss and avoid audit findings oReview updates from investors, insurers, All Regs, and clients to stay abreast of current information; update policies and procedures as necessary based on updates oEnsure the timely and accurate issuance of compliance letters, such as demand notices and other regulatory notices required by state, investor, insurer, and clients; ensure letters are in compliance with state and federal laws oNotify default managers of any and all trends or compliance discrepancies to established policies, procedures, and guidelines oEnsure all GSE loans have accurate reasons for delinquency and proper status codes by month-end oEnsure accurate and timely FHA and VA monthly default reporting, using FHA Connection and VA Valeri oConduct postmortem analysis of loans to determine what is claimable and what is not attributed to each scenario oDetermine controllable loss and assign it to the upstream business unit to understand process gaps and avoid future losses oManage very manual processes requiring a strong understanding of the process due to their manual nature oConduct forensic loss analysis/post-mortem on loans after claims have been paid to determine if the loss is the client's or the company's oPrepare loss sheets for clients detailing the cost Skills* loss analysis, loss control, fraud detection, ms excel, forensic, analysis, Default, mortgage, loan processing, loan underwriting Additional Skills & Qualifications Must be very strong in Excel and have used Vlookup and Pivot Tables on a consistent daily basis. Most of the work is done using excel and is manual in nature. Other helpful technology tools to look up: CMAX, Venderscape, Docuware, Assurant, Safegaurd, Meta, GFX Wires, USDA claims site, Moveit, Synergy, Quality Claims, and iDesk application, Access, SiteX, Lotus Notes, REOTrans, CARES, Value Finder, Equator, Certus, SOX, New Invoice, Auction.com, LPS, AS400, SharePoint, Documentum, TRAX, SERFS, CIM7, Cognos, RemedyStar, FileNet, Neighborhood Watch, LoanIQ, QuickBooks Pay and Benefits The pay range for this position is $26.00 - $38.00/hr. Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: * Medical, dental & vision * Critical Illness, Accident, and Hospital * 401(k) Retirement Plan - Pre-tax and Roth post-tax contributions available * Life Insurance (Voluntary Life & AD&D for the employee and dependents) * Short and long-term disability * Health Spending Account (HSA) * Transportation benefits * Employee Assistance Program * Time Off/Leave (PTO, Vacation or Sick Leave) Workplace Type This is a fully remote position. Application Deadline This position is anticipated to close on May 9, 2025. About TEKsystems and TEKsystems Global Services We're a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. We're a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. We're strategic thinkers, hands-on collaborators, helping customers capitalize on change and master the momentum of technology. We're building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com. The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.