Loss Forensic Analyst

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.

• Perform a detailed review of the servicing file from date of default to final claim payment.
• Review claim to determine if a supplemental claim is needed.
• Perform 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.
• Submit 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.
• Identify contractual versus non-contractual loss, type of loss, and reconcile final accounting.
• Send requests and documents to clear balances and close down REO Workstation.
• Identify missed steps or steps outside the review and reporting process and flag in Director.
• Assist in training new team members.
• Serve as Subject Matter Expert for client and inter-departmental escalations.
• Other duties as required.
• Appropriately assess risk when business decisions are made, including compliance and operational risk considerations.
• Ensure all GSE loans have accurate reasons for delinquency and proper status codes by month‑end.
• Ensure accurate and timely FHA and VA monthly default reporting, using FHA Connection and VA Valeri.
• Conduct postmortem analysis of loans to determine what is claimable and what is not attributed to each scenario.
• Determine controllable loss and assign it to the upstream business unit to understand process gaps and avoid future losses.
• Manage very manual processes requiring a strong understanding of the process due to their manual nature.
• Conduct 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.
• Prepare loss sheets for clients detailing the cost.

loss analysis, loss control, fraud detection, MS Excel, forensic analysis, default, mortgage, loan processing, loan underwriting

• 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: CMAX, Venderscape, Docuware, Assurant, Safegaurd, Meta, GFX Wires, USDA claims site, Moveit, Synergy, Quality Claims, iDesk application, Access, SiteX, Lotus Notes, REOTrans, CARES, Value Finder, Equator, Certus, SOX, New Invoice, , LPS, AS400, SharePoint, Documentum, TRAX, SERFS, CIM7, Cognos, Remedy Star, File Net, Neighborhood Watch, LoanIQ, Quick Books.

Intermediate Level

Contract to Hire position based out of Tempe, AZ.

• Pay range: $26.00 - $38.00/hr.
• Benefits may include:
  Medical, dental & vision;
  Critical Illness, Accident, and Hospital; 401(k) Retirement Plan (pre‑tax and Roth post‑tax contributions);
  Life Insurance (voluntary and AD&D for 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).

Hybrid position in Tempe, AZ.

This position is anticipated to close on Jan 29, 2026.

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.