Job Description

Pegasus Mortgages Lending Center is a multi-national mortgage brokerage with offices in Toronto, Canada. We work with a variety of banks, professional associations, alternative and private lenders.

Our culture emphasizes learning and innovation by providing intensive training programs, seminars, and workshops where we will provide you with the skills and knowledge for you to succeed with ongoing mentor-ship and training from the leadership team. We continuously invest in your growth and development every step of the way. We are seeking an experienced Fraud Analyst with experience in a full mortgage loan life cycle including loan processing. Join us at Pegasus Mortgage Lending Center and let's make you successful in your career.

Opportunity Notes:

This is a complete work from home international work opportunity. You will be required to work during 9:00 am to 6:00 PM EST (Eastern Standard Time), Monday to Friday. You will be required to commit extra work hours depending on workload in order to ensure project timelines are met. Holidays are granted based on Canadian scheduled holidays.

Review the job description below in detail before applying.

Only successful and qualified candidates will be contacted.

You will be responsible for underwriting home loans applications completed by our Mortgage Brokers based on established eligibility and due diligence guidelines. The Fraud Analyst will be responsible for reviewing and verifying mortgage applications along with supporting documents, auditing for red flags, analyzing financial risk and requesting additional information or documentation as necessary to give a firm decision to protect the interest of borrower as well as organisation from any associated risk. You will also be responsible to provide professional advice to our Mortgage Brokers in quick and efficient manner. Your responsibilities will include but are not limited to:

Collaborating with both the agent/Broker and Lender desk to ensure applications are completed, decisioned and disbursed in a timely manner

Validating Borrower provided information and documents to ensure each application is error free and complete prior to signing off on any mortgage conditions or documents

Able to understand Credit Bureau reports to verify the information provided by client, in order to ensure accuracy

Reviewing income documents, bank statements, tax returns to and analyzing for accuracy, discrepancies and mitigating fraud

Understanding Mortgage products and industry guidelines, including mortgage terminology and calculations to gain an ability to offer multiple products to agents as per eligibility

Ability to identify and make recommendations for approval policy exceptions

Completes a thorough analysis of loan files to determine compliance with organisation, lender and regulatory guidelines

Mitigating Lender's risk by conducting a thorough and prudent review of each application and analyzing borrower's creditworthiness and ability to repay the loan as agreed for the terms requested

Prepares and issues mortgage commitments and other Pegasus documents with appropriate conditions within established service level agreements/turnaround times

Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager

Responds to post-closing reviews and audits in a timely manner

Check the accuracy of all calculations and data integrity

Maintains organisation standard for productivity by managing high volumes with a continued focus on service excellence

Staying knowledgeable about market trends, emerging issues, evolving regulations and industry codes of conduct as well as participate in process improvement opportunities to protect the interests of the organization

Strive to achieve productivity targets and going beyond to set new benchmarks

Participate fully as a team member, help build a positive and diverse work environment, willingly assist and mentor others in the completion of work activities

Job Requirements:

4 year post secondary diploma or degree in Finance, or related field

3-5 years of experience in fraud detection and analysis

3-5 years working with Home Loans Credit adjudication will be preferred

3-5 years work experience in Banking, Credit or Investments

Experience with both refinance and purchase preferred

Sound working knowledge of industry, legal and regulatory guidelines

Highly organised and able to prioritize

Excellent interpersonal, written and verbal communication skills

Customer service orientation with an innate sense of service and empathy for others

Detail oriented with strong data analysis skills and high mathematical aptitude

Proficiency in Microsoft office and automated underwriting systems

Other Requirement:

A desktop workstation based on our specifications with 2 hours battery backup

A headset microphones

Internet with backup power

Electricity backup (Ups/Generator/Others)

Dedicated area/separate room for work

Schedule:

Eastern Standard Time (Toronto time)

Monday to Friday 9:00 AM to 6:00 PM

Job Type: Full-time

Pay: ?700,000.00 - ?1,200,000.00 per year