Compliance Specialist

Responsibilities

*Keep abreast of industry   regulatory requirements in order to identify and implement the best practices   in compliance with HMDA and ECOA and changing mortgage regulations.

*Communicate and confirm with consumers the final disposition of the consumers loan   application in conformity with ECOA, HMDA, and all other applicable   regulations. Issue required notices for adverse action and notice of incomplete   applications, in accordance with ECOA. 

*Monitor and track loan level data to ensure that all pieces of required HMDA data are present. Responsible   for confirming that borrowers have requested their application be withdrawn.

*Assist with administration of Company’s vender management oversight program.

*Any other compliance related ad-hoc assignments as required for Company, agency and regulatory compliance.

Job Requirements

Broad Knowledge & Experience 

Broad understanding of residential mortgage   loans and familiarity with mortgage loan products. Knowledge and   understanding of regulatory requirements applicable to mortgage lending and   other mortgage related laws and regulations.

Above Average Skills

Excellent verbal and written skills. Strong   analytical and organizational skills.

Demonstrated Ability

Ability to interpret rules, regulations and   guidelines and apply the interpretation to business processes.

General 

Positive attitude, planning and execution,   strong work ethic.

Education & Experience

Degree or Equivalent  

AA or equivalent   from two-year college or technical school, or equivalent combination of   education and experience. BS degree preferred.

Years’ Experience

One-year residential mortgage experience, knowledge of DAS and relevant regulatory   guidelines.

Specialized Training

Knowledge of   Encompass Database software. Microsoft Office Suite.

Work Environment

Physical Demands  

Office environment; Daily computer usage   requires close vision. Regular attendance is required whether in office or   remote.

Work Conditions

Fast paced, high volume activities.

Temperament

In order to succeed in this position, high   attention to detail, analytical, and strong communication skills amidst a   fast-changing environment is a must.