What are the responsibilities and job description for the Loan Servicing HMDA Specialist I position at Centennial Bank?
GENERAL DESCRIPTION OF POSITION
The Loan Servicing HMDA Specialist I is responsible for reviewing application and loan information contained in the Loan Origination System (LOS) to determine HMDA reportability, verify whether the correct action as defined by the Home Mortgage Disclosure Act (HMDA) for all related loans has been taken, and perform reporting on the HMDA Loan Application Registry (LAR) for applicable data points.
ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Maintains a working knowledge of the Home Mortgage Disclosure Act (HMDA) requirements and the bank's lending practices and procedures to perform a thorough and accurate comparative loan analysis. This duty is performed daily, about 20% of the time.
2. Ensures the lender accurately completes the HMDA Questionnaire within the LOS. This duty is performed daily, about 10% of the time.
3. Inspects all HMDA-related fields within the LOS to ensure completion and accuracy. This duty is performed daily, about 15% of the time.
4. Reports any issues or concerns about non-compliance with HMDA regulatory requirements. This duty is performed daily, about 15% of the time.
5. Collaborates in the update of HMDA policies and procedures. This duty is performed as needed, about 5% of the time.
6. Reviews loan application data and credit files for accuracy in reporting consistent with the requirements of HMDA. This duty is performed daily, about 10% of the time.
7. Analyzes and interprets loan applications and related documents gathered during the loan underwriting process to decision. This duty is performed daily, about 10% of the time.
8. Coordinates with various departments to resolve inconsistencies in applications and loan data to recommend warranted changes to ensure efficiency and accuracy in reporting HMDA data. This duty is performed as needed, about 10% of the time.
9. Performs periodic HMDA information audits. This duty is performed as needed, about 5% of the time.
10. Complete required BSA/AML training and other compliance training as assigned. This duty is performed quarterly.
11. The ability to work in a constant state of alertness and in a safe manner. This duty is performed daily.
12. Perform any other related duties as required or assigned.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
EDUCATION AND EXPERIENCE
Knowledge of a specialized field (however acquired), such as basic accounting, computer, etc. Equivalent of four years in high school, plus night, trade extension, or correspondence school specialized training, equal to two years of college, plus 4 years related experience and/or training, or equivalent combination of education and experience.
COMMUNICATION SKILLS
Ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals; ability to write routine reports and correspondence. ability to read, analyze, and understand general business/company related articles and professional journals; ability to speak effectively before groups of customers or employees.
MATHEMATICAL SKILLS
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.
CRITICAL THINKING SKILLS
Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.
REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS
Not indicated.
PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS
Not indicated.
SOFTWARE SKILLS REQUIRED
Intermediate: Spreadsheet, Word Processing/Typing
Basic: 10-Key, Accounting, Alphanumeric Data Entry, Database, Presentation/PowerPoint
WORKING CONDITIONS
Periodically exposed to such elements as noise, intermittent standing, walking, pushing, carrying, or lifting; but none are present to the extent of being disagreeable.
ENVIRONMENTAL CONDITIONS
The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
PHYSICAL ACTIVITIES
The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.
Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making.
While performing the functions of this job, the employee is regularly required to sit, use hands to finger, handle, or feel, reach with hands and arms, talk or hear; occasionally required to stand, walk. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision; and color vision.
ADDITIONAL INFORMATION
- Must have strong organizational skills and the ability to prioritize multiple competing tasks seamlessly and with excellent attention to detail.
Education
Preferred- Some college or better
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
