SIU Investigator

OVERVIEW:

An SIU investigator will not only investigate cases of potential fraud and irregularities referred by Risk and Claims personnel, but will also proactively conduct investigations designed to target and address loan files that may violate Master Policy provisions or underwriting guidelines.

Reporting to the Investigations Manager - SIU, the investigator provides expertise in reviewing insured loan files to identify and investigate instances of non-compliance (including potential fraud) with the terms of Radian’s Master Policy of insurance and/or various underwriting criteria. Duties will include identifying and investigating potential misrepresentation and/or non-compliance through borrower interviews, public records searches, and re-verification of’ information in residential loan files. The SIU Investigator is responsible for exercising good judgment to render reasonable and well-supported decisions with respect to their research and findings.

RESPONSIBILITIES:

Work effectively with other SIU employees, Business Channels/Sales, Legal, borrowers, and lender personnel to communicate and discuss the results of investigations and Sills resulting recommendations related to early payment defaults, claims, coverage, and potential fraud. Provide continual and timely feedback of status and disposition of file reviews to all parties who have referred files to the SIU group as well as support of the SIU’s proactive review of early payment default/high risk loans as identified by our risk model. Incumbent should exhibit prudent judgment and decision-making in the resolution of their cases.

Communicate timely and constructively with SIU personnel, servicers, brokers and insured lenders on all of the areas noted above.

Coordinate with SIU and Legal personnel as well as outside counsel to support litigation efforts, as needed.

Make full use of the automated tools, internet sites and fraud detection databases available to the group in order to draw sound conclusions on the integrity of information contained in insured loan files.

Provide needed monthly and quarterly reports of activities as required.

QUALIFICATIONS:

Bachelor’s Degree preferred, directly-related experience may be considered.

Minimum of 2 years of experience in auditing, law, quality assurance, investigations, risk management, loan processing or underwriting, which must be in either a mortgage lending, mortgage insurance environment or fraud investigation group with a demonstrated understanding of mortgage lending practices, loan documentation, and the closing process.

Excellent verbal, written, and interpersonal skills required. Ability to interact effectively and professionally with a wide variety of personalities is needed, as is the ability to prepare written case summaries and make recommendations of course of action to be taken as it relates to Radians Master Policy of Insurance.

Good presentation skills and the ability to multi-task in a fast-paced environment are required. The successful candidate will also have strong analytical and problem solving skills.

Strong personal computer skills are required, primarily in Microsoft Excel, Access, Outlook, and Word. Ability to navigate websites and to conduct internet investigative searches is also required.

*Radian is not accepting unsolicited assistance from staffing vendors. A written Statement of Work is required for consideration of any candidates.

If interested, please apply online at http://track.jobviper.com/ViewJob.asp?id=562763-3-923