Compliance Specialist
USA Mortgage
full-time
Posted on:
Location Type: Hybrid
Location: Creve Coeur • Montana • United States
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Salary
💰 $50,000 - $55,000 per year
Job Level
About the role
- 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.
- Assist with administration of Company’s vendor management oversight program.
- Any other compliance related ad-hoc assignments as required for Company, agency and regulatory compliance.
Requirements
- 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.
- Excellent verbal and written skills.
- Strong analytical and organizational skills.
- Ability to interpret rules, regulations and guidelines and apply the interpretation to business processes.
- Positive attitude, planning and execution, strong work ethic.
- AA or equivalent from two-year college or technical school, or equivalent combination of education and experience.
- BS degree preferred.
- One year residential mortgage experience, knowledge of DAS and relevant regulatory guidelines.
- Knowledge of Encompass Database software.
- Microsoft Office Suite.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
residential mortgage loansmortgage loan productsregulatory requirementsECOAHMDAadverse action noticesloan level data monitoringvendor management oversightDASregulatory guidelines
Soft skills
verbal communicationwritten communicationanalytical skillsorganizational skillsinterpretation of regulationsplanningexecutionwork ethicpositive attitude
Certifications
AA or equivalentBS degree preferred