What are the responsibilities and job description for the Fair Lending Compliance Manager position at Newrez LLC?
Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.
We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
POSITION SUMMARY
The Fair Lending Compliance Manager is responsible for managing the Company's fair lending program to ensure that the Company complies with all fair lending laws and regulations. This position will oversee fair lending monitoring and testing of the Company's lending portfolios, advise on fair lending risk issues identified through monitoring and testing, partner with the business unit managers to identify and remediate any fair lending risks, and ensure that employees are appropriately trained to comply with fair lending requirements.
DESCRIPTION
Duties and Responsibilities
- Serve as a subject matter expert in fair lending laws and regulations.
- Oversee the Company's annual fair lending activities and execute routine testing pursuant to the Company's fair lending plan.
- Manage a robust fair lending program, including maintenance of written fair lending policies and testing procedures, risk reporting tools, including key risk indicators.
- Conduct an annual risk assessment that evaluates the Company's fair lending risks and determines the direction of the Company's fair lending plan to mitigate fair lending risks from underwriting, pricing, marketing, steering, and redlining.
- Review the fair lending team's periodic fair lending reviews, including ongoing comparative file reviews, marketing analyses, pricing exception analyses, and redlining reviews, to identify risks and ensure appropriate remediation occurs.
- Maintain detailed work papers to support findings from fair lending analyses, and prepare clear and concise written reports that identify and explain the root cause of any risk issues and the necessary remediation plans.
- Assist with preparation of quarterly reporting to the Board of Directors regarding the level and direction of fair lending risk, status of remediation efforts, and communicate emerging trends or issues.
- Performs related duties as assigned by management.
Qualifications and Education Requirements
Skills, Abilities, and Knowledge
LI-NT1
Additional Information
While this description is intended to be an accurate reflection of the position's requirements, it in no way implies / states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.
By applying to this position candidate acknowledges that this is not a remote role and is required to be on-site.
REVISION HISTORY
Last Updated : 10 / 1 / 2024
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.
Company Benefits :
Newrez NOW :
Equal Employment Opportunity
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.
CA Privacy Policy
CA Notice at Collection
