Mortgage Compliance Analyst

ESSENTIAL FUNCTIONS:

COMPLIANCE

• Continually monitors the regulatory environment for consumer and governmental legislation that is being considered or enacted to ensure the bank implements all requirements;
• Carries out the necessary consumer complaint procedures within the Compliance Management Software System, as per the Banks Consumer Complaint Policy.
• Performs Compliance Reviews based on regulatory hot topics to ensure Bank-wide compliance.
• Assists in preparing materials and organizing regulatory exams/audits/inquiries.

• Fair Lending - Perform reviews utilizing the Bank’s Fair Lending Software System including, but not limited to:
  • Origination and Pricing Disparities for multiple business lines with different guidelines
  • Processing Times Disparities
  • Redlining Analysis
  • Loan Servicing and Loss Mitigation Practices
  • Non-HMDA Data Integrity for data sets affecting Fair Lending Analysis
  • Small Business/Commercial Lending
  • Fair Lending Outreach
  • Perform semi-annual underwriting and pricing exception analysis reviews of the Bank’s various loan portfolios;
  • Create, and foster, a collaborative relationship with business partners throughout the Bank by being responsive, efficient, and effective while conducting monitoring reviews;
  • Identify root cause of errors of disparities, and ensure the corrective actions stated by the business unit(s), are effective in mitigating fair lending risk;
• Other Fair Lending job duties:
  • Assist on projects and initiatives that affect the Fair Lending Program;
  • Maintain procedures related to monitoring performed by the Compliance Dept.;
  • Assist with the data collection for fair lending utilizing HMDA, CRA and other loan types requested.
  • Assist in the completion of the periodic Fair Lending Risk Assessment.

HMDA

• Conduct periodic compliance monitoring for HMDA quality control. Partner with other business areas to address root cause of issues found and correct systems of record based on reviews performed.
• Responsible for the creation, preparation, and submission of the Bank’s HMDA LAR;
• Regularly review HMDA procedures from all participating areas and make changes as necessary;
• Renew the Bank’s LEI Number yearly;
• Collect, validate, and analyze loan data to ensure compliance with HMDA reporting requirements;
• Review data entry of fellow team members to ensure accuracy through second review process;
• Perform targeted reviews of specific HMDA data points;
• Collaborate on, and work to improve the current HMDA process through automation;
• Follow-up with all parties involved with the HMDA process on any changes or current audit findings that will need changed or corrected;
• Monitor and review changes in laws and regulations regarding HMDA;
• Assist in writing policies and procedures for departmental use, and responsible for updating and maintaining HMDA procedures and documentation.
• Attracts, advises, and serves existing or prospective customers through the Bank’s customer centered marketing plan:
• Inform customers of available Bank services.
• Direct and immediate response to customer requests or needs.
• Provides customers and Branch professionals with timely information.

• Participates in meeting the Information Systems Group’s short- and long-term goals;
  • Attends annual meeting to develop departmental goals;
  • Attends monthly meeting to discuss and evaluate “progress” on meeting goals;
  • Attends monthly Employee Relations Meeting;
  • May attend the Risk Review and Mitigation team, CRA committee, Technology Committee, Investment/Risk Management meetings.
  • Member of the various task forces regarding special projects throughout the Bank.

• Performs other duties as assigned or directed.

REQUIRED SKILLS/ABILITIES:

• Excellent verbal and written communication skills.
• Exceptional organizational skills and strong attention to detail.
• Excellent time management skills with a proven ability to meet deadlines.
• Detailed oriented.
• Strong analytical and problem-solving skills.
• Ability to work independently to achieve goals and objectives.
• Valid Driver’s License.
• Proficient with Microsoft Office Suite or related software.

• Strong organizational and communication skills are preferred.

SUPERVISORY RESPONSIBLITY:

• This position does not supervise employees.

EDUCATION and EXPERIENCE:

• Bachelor’s degree required. In lieu of a bachelor’s degree 3-5 years of experience.
• Specific Industry certifications, accreditations, and ongoing education in the areas of Risk Management and Compliance preferred.

PHYSICAL REQUIREMENTS:

• Ability to concentrate and perform responsibilities by maintaining a constant state of focus and mental alertness.
• Ability to lift up to 25 pounds.
• Ability to communicate in person, through email or via telephone with customers and staff members.
• Ability to sit or stand for an extended period.
• Specific vision abilities required by this job may include close vision and the ability to adjust focus.

• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.