Position Overview
The Compliance Analyst supports the AVP of Compliance by serving as a liaison and assisting with various compliance-related tasks across the organization. This role is integral to ensuring that the company adheres to federal and state regulations in mortgage lending.
Job Responsibilities:
Compliance Support: Act as a liaison for compliance matters, responding to inquiries and escalating when necessary.
Inbox Monitoring: Collaborate with the compliance team to manage and respond to emails promptly.
HMDA & QC Audits: Assist with Home Mortgage Disclosure Act (HMDA) processes and monthly audits with Lenderworks.
Audit Tracking: Support prefund and post-close quality control audit responses and tracking.
Vendor Management: Manage FHM’s Quality Control vendor review (10% of 10% requirements)
Loan Pipeline Monitoring: Assist in the reviewing and monitoring of FHM pipeline of loans to ensure compliance with Federal and state regulations, including but not limited to, RESPA, ECOA, HPML, ATR/QM
Alert Resolution: Help clear loan-level compliance alerts (e.g., Mavent).
Training Development: Contribute to identifying and developing new training needs.
Reporting & Communication: Run monthly reports and communicate findings and recommendations to management.
Post-Closing Liaison: Serve as a bridge between lenders and investors for compliance issues.
Assist with other Compliance projects and audits as requested
Other duties as assigned.
Requirements
Minimum 3 years mortgage lending operations or compliance experience (Conv, VA, FHA, USDA)
Strong understanding of federal and state laws and regulations governing residential mortgage lending required
Experience with Encompass360 preferred
Experience with writing policy and procedures preferred
Strong ability to work independently and as a team player
Strong analytical, problem solving and decision-making skills to effectively resolve complex issues
Strong attention to detail and excellent research abilities
Demonstrate excellent written/verbal communications skills with all levels of the organization
Superior customer service skills are a must
Strong ability to organize, prioritize and multi-task
Ability to think critically and respond to the time-sensitive needs of the client
Initiative, drive, self-motivation, good judgement, and commitment to assuming roles of increasing responsibility
Experience with MS Office and Excel