Verifications Specialist
CurrentVerification Specialists work with customer facing teams to provide accurate and timely examinations of consumer loan applications. Specialists ensure that essential loan approval stipulations are addressed, resolved, and meet company policies. In addition, specialists identify and escalate complex issues as they are identified. In the Role• Acquire and maintain thorough knowledge and understanding of policies and procedures, state and federal laws and verification workflow.• Ensure loan stipulations are distributed appropriately to ensure that cycle time meets or exceeds customer expectations and individual process and service level standards.• Verification activities may include validating identity, address, and social security number; employment, auto insurance, automobile value, lien, and title verification; analyzing proof of income and disposable income; fulfilling loan requests, perfecting liens and reviewing loan documents for accuracy and completeness.• Provide escalation support on complex issues that may occur to ensure timely and accurate processing of loan stipulations.• Identify anomalies or complex issues and decisively escalate to provide a timely and seamless transition within the process.• Identify, investigate and/or escalate potential fraud risks.• Act as a liaison between multiple internal and external customers and/or vendors. • Identify process improvement opportunities to increase efficient and effective loan stipulation verification.• Identify process related risks and offer suggestions on potential controls to mitigate risks.• Create and maintain training documents, files, and graphics• Funding applications after signing• Perform Quality Assurance on new or ongoing training for various duties