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Loan Review Analyst - Jobs in Victoria

Job LocationVictoria
EducationNot Mentioned
SalaryNot Mentioned
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypeFull Time

Job Description

Job DescriptionGENERAL FUNCTION The Loan Review Analyst is responsible for identifying, investigating, and mitigating potential fraud risks in the loan application and approval process. This role involves reviewing loan files for discrepancies, irregularities, and signs of fraudulent activity, ensuring the organization complies with regulations and minimizes risk. The Loan Review Analyst works closely with various departments, including risk management, fraud, credit, legal and complaints, to safeguard the organization from fraud-related losses.DUTIES/RESPONSIBILITIES

  • Conduct comprehensive reviews of loan applications, documents, and approvals to detect potential fraud or suspicious activity.
  • Investigate irregularities in borrower information, credit history, or loan documentation that may indicate fraud.
  • Utilize specialized fraud detection tools and systems to analyze loan files and assess the risk of fraud.
  • Communicate with internal and external stakeholders to gather information and resolve questions related to potential fraud cases.
  • Stay informed about emerging fraud schemes, trends, and techniques in lending industry.
  • Assist in enhancing internal fraud detection policies, procedures, and training programs.
  • Provide guidance and support to other areas of the business involved in the loan approval process.
  • Support fraud investigations and prepare documentation when necessary.

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