Maintain a current comprehensive working knowledge of all mortgage/mortgage processes and procedures as directed by Fannie Mae, Freddie Mac, FHA, VA, and Rural Development (USDA), as applicable, and any related federal laws and regulations, especially those originating from the CFPB, including all changes/updates. This includes maintaining a current knowledge of required industry servicing standards, as well as the CFPB Mortgage
Ensure that new programs, products and services meet with applicable regulatory requirements.
Reviews and interprets compliance changes/updates to current processes and procedures. Determine how the changes/updates affect the various business units and make recommendations to manager to revise in order to stay in compliance.
Performs reviews on mortgage loan products per regulatory guidelines.
Coordinate with the training department to implement training for the respective staff to ensure that processes and/or any changes are appropriately and effectively communicated through classroom or web-based training.
Facilitate the execution of the Mortgage Compliance Program, including policy and procedure review, consulting, testing and monitoring, and complaint analysis.
Perform and ensure that all HMDA reportable loans are extracted from the Loan Operating System and contain all required fields to be reported on an annual basis. Monthly and quarterly review of all data for reporting is completed by comparing the data to imaged documents.
Assist in external or internal audits, as needed.
Understand and comply with all policy, laws, regulations, etc. as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
Act as the subject matter expert for the mortgage division personnel
Branch visits for FHA audits
Five or more years’ financial institution experience required.
Minimum 4 years of mortgage experience preferred
Experience in compliance functions preferred. Other areas of mortgage experience, other than compliance, will be reviewed for applicability for this position.
Knowledgeable in CFPB and mortgage industry rules and regulations including regulations promulgated by all applicable regulatory agencies.
Excellent ability to interpret and communicate regulatory guidance.
Experience in developing and implementing compliance policies, programs, and procedures, including regulatory risk assessments.
Team player with the ability to work cross-functionally throughout the organization to achieve consensus on regulatory risk issues and appropriate mitigation.
Ability to effectively communicate with regulatory agency staff outside of the examination process.
Experience in creating and delivering presentations to other departments and executive management.
Experience in developing and delivering compliance communications to business unit and support function personnel.
Oversee, communicate and track the management reporting results generated by the compliance department concerning the mortgage division.
Proven ability to consistently perform essential functions with minimal supervision.
Must be able to take on project tasks representing department in Operations and Strategic projects.
Initiative to routinely put forth extra effort to ensure confidentiality and dependability.
Exceptional verbal and written communication skills.
Overtime may be required as the workload may require.
Proven ability to work cooperatively with all levels of team members and management.
Accuracy and attention to detail required.
Must be a self-starter with ability to work independently with minimal supervision.
Must possess in-depth analytical skills.
Must have experience transacting with federal and state regulators.
Note: Qualified candidates will be contacted within 2 business days of application. If an applicant does not meet the above criteria, we will keep your resume on file for future opportunities and may contact you for further discussion.