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Mortgage Compliance Specialist

Posted: Friday July 02


Mortgage Compliance Specialist
Description Qualifications: Education: Bachelor’s Degree. Demonstrated successful experience may be substituted in lieu of a degree. Experience: Five to eight years’ experience in mortgage underwriting, servicing, and regulatory compliance. Previous auditor, FannieMae seller/servicer compliance experience preferred. Knowledge and Skills: Maintains and applies a working knowledge of audit requirements for mortgage originations, secondary markets, underwriting, marketing, mortgage origination and servicing compliance. Strong Regulatory knowledge, including, but not limited to, Reg AA, B, C, F, N, O, P, V, X, E, Z the E-Sign Act, FDCPA, FCRA, and ability to maintain and evolve to regulatory changes. Knowledge and experience with mortgage servicing and subservicing, loan origination systems, and maintains a working knowledge of investor (FNMA), Federal, State and NCUA laws, requirements, regulations, and guidelines for mortgage origination and servicing (including HELOCs). Familiarity with QC audit policy and procedures. Maintains and applies a working knowledge of credit union and secondary market lending, underwriting, compliance, products, services, processes, policies and procedures. Good organizational skills and able to complete tasks in a timely manner. Maintains a good working knowledge of computer programs for lending products. Primary Duties and Responsibilities: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 1. Oversees and performs mortgage pre-funding, post funding, investor, and servicing reviews. 2. Perform monthly, quarterly, and annual reporting. 3. Maintains and reports audit samples, in accordance with the Mortgage Quality Control Plan, and other established timelines, frequency, and business volume. 4. Provides consultation and compliance expertise to Mortgage Lending regarding interpretation and application of laws, regulations, and requirements. 5. Collaborates with Mortgage Quality Control to drive corrective action changes in response to internal monitoring and external exams/audits. 6. Meet with Mortgage Lending Management to discuss findings of reviews, defects, findings and various reporting. 7. Review and offer corrective action for Mortgage policies and procedures developed by Mortgage Department. 8. Audit Mortgage Department produced documents and disclosure packages. 9. Oversees Correspondent file reviews in a volume designated by Risk Management. 10. Work with regulators and third-party auditing company as necessary to address any findings or loan defects. 11. Analyze and assess loan quality, specifically but not limited to, the Credit Union’s loan quality and trends within mortgage origination and servicing in comparison to peers. 12. Analyze and assess the Credit Union’s performance, specifically but not limited to, data collected internally, obtained from investors, Mortgage Insurance companies, and servicer. 13. Serves as the Risk Management liaison to the Mortgage Department. 14. Support mortgage lending marketing compliance reviews. 15. Timely communication to Risk Manager and/or SVP on issues requiring attention. 16. Review new mortgage/investor relationships. 17. Oversee and assist the Mortgage Department with third party certification, licensing, and audit requirements. 18. Conducts mortgage vendor reviews for compliance with contract and/or performance with service level agreements, as may be assigned by Risk Management. 19. Responsible for coordinating regulatory and investor requested mortgage data, including but not limited to The Home Mortgage Disclosure Act and MERS annual audits. 20. Follow credit union policies for compliance with all laws and regulations, specifically, but not limited to, the Bank Secrecy Act, Security Policies and Confidentiality Policies. Secondary Duties and Responsibilities: 1. Assist in Member complaint management, responses, and escalations. 2. Assist with compliance training related to guideline, NCUA, and regulatory matters. 3. Professional interaction with employees, members, departments and business associates. 4. Performance is in accordance with credit union established policies and procedures. 5. Concise and error-free communication and documentation. 6. Performs other duties as assigned. 7. Assists the Risk Management department to fulfill its Bank Secrecy Act functions by reviewing ID Verify, Red Flag and OFAC issues. 8. Strong organizational skills and able to complete tasks in a timely manner and meet deadlines. 9. Independent thinker with an ability to work with minimal supervision. 10. Maintains a conscientious attitude of ownership including responsibility and accountability for the position. 11. Maintains a good working knowledge of computer programs for lending products. Qualifications Experience Preferred: 5-8 years: Five to eight years’ experience in mortgage underwriting, servicing, and regulatory compliance. Previous auditor, FannieMae seller/servicer compliance experience required. Click here to apply: https://recruiting.ultipro.com/TRU1007TRUCU/JobBoard/58da52aa-9091-4983-ada4-41be022f7be8/OpportunityDetail?opportunityId=b02ffd60-9c4b-43d4-a91b-0fdc63662f48
• Location: (Tempe)

• Post ID: 5216799


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