Compliance Analyst

Western Alliance Bank•Dallas, TX

About The Position

As a Compliance Analyst you'll need to ensure compliance with federal, state, and investor guidelines for mortgage loan origination and purchase activities. You'll play a critical role in identifying, monitoring, and mitigating risks by performing comprehensive pre-funding, pre-purchase, and post-closing reviews.

Requirements

3+ years of related experience in Mortgage Industry, Regulatory Compliance or similar field.
High school diploma required
Entry level to intermediate knowledge of residential mortgage industry in Correspondent or Retail Lending, including sales, operations, capital markets and/or other residential mortgage products and services.
Entry level to intermediate knowledge of applicable federal and state regulatory and legal compliance obligations, rules and regulations, industry standards and practices, including TRID, ECOA, HMDA, FCRA, Flood, HOEPA, HPML, Appraisal, ATR/QM, TCPA, UDAAP, and Fair Lending.
Entry level to intermediate knowledge of FNMA, FHLMC, FHA, VA, USDA, and Non-QM guidelines.
Entry level to intermediate knowledge of Encompass loan origination system and integrated systems, such as credit reporting, compliance and pricing engines, fraud manager, HMDA, and title / escrow settlement fee services.
Intermediate speaking and writing communication skills.

Nice To Haves

Bachelor's degree in related field preferred.

Responsibilities

Perform detailed pre-funding and pre-purchase reviews to ensure compliance with internal policies, regulatory requirements, and investor guidelines.
Conduct post-closing/purchase reviews to validate adherence to applicable laws, regulations, and investor standards.
Monitor and analyze loan files for accuracy, completeness, and compliance with underwriting and program guidelines (FHA, VA, Fannie Mae, Freddie Mac, Non-QM).
Identify and escalate compliance and operational risks to the appropriate line of business teams and recommend corrective actions.
Collaborate with cross-functional teams, including underwriting, processing, and quality control, to resolve deficiencies or discrepancies in loan files.
Prepare reports summarizing review findings, risk assessments, and recommendations for process improvements.

Benefits

competitive salaries
an ownership stake in the company
medical and dental insurance
time off
a great 401k matching program
tuition assistance program
an employee volunteer program
a wellness program
opportunity to bolster business knowledge
learning the ins and outs of how successful companies operate and manage their finances
invaluable hands-on experience to help grow your career