Compliance Specialist, Lending

FIVE POINTS BANK•Omaha, NE

3d•Onsite

About The Position

The Compliance Specialist, Lending primary responsibilities will be to serve as the Bank’s HMDA (Home Mortgage Disclosure Act) and Lending Compliance Subject Matter Expert, reporting directly to the Banks Chief Compliance Officer. Additionally, the individual in this role will be responsible for developing, implementing, and administering all aspects of the Bank’s Compliance Program as assigned.

Requirements

Attention to detail
Math aptitude
Ability to interact effectively with other bank personnel, management and co-workers
Sound judgment, courtesy, tact and diplomacy
Proficient with MS Word, Excel, Outlook and Internet navigation for research purposes
Knowledge of compliance laws and regulations
Knowledge of bank operations and procedures
Have a high level of accuracy and problem-solving skills
Excellent verbal and written communication skills
Self-starter; ability to work effectively without direct supervision
Excellent organizational and time management skills
Five or more years’ experience working directly with HMDA and Consumer Real Estate in a financial institution, either in a lending or compliance position capacity or Five or more years’ experience working in Lending Compliance (Consumer and Commercial Lending).

Nice To Haves

Data Mining Experience is a plus.
Banking certifications are a plus (CRCM, CAMS, etc.).

Responsibilities

Responsible for preparing and submitting the Banks HMDA LAR on an annual basis. Includes monthly scrubbing of entries made on the LAR.
Prepares and provides data reports on home improvement, home purchase and refinances of dwellings under HMDA. These reports are submitted to the Bank’s Board of Directors on a Quarterly basis.
Monitors changes to HMDA regulation and assists Compliance Director with disseminating changes in policy and practice to applicable bank staff through training seminars and reading materials.
Analyzes consumer, commercial, and real estate loans and renewals from customer applications, determining loan qualifications for HMDA.
Enters compiled data from the completed and processed loan forms into the Banks HMDA Data entry software, NLending.
Reviews denied and withdrawn real estate loan applications to determine if they are HMDA reportable and ensures adverse action notices are accurate and complete.
Assists with fielding questions and concerns, and services requests associated with HMDA and other consumer and commercial real estate lending compliance needs.
Provides bank staff with guidance and supporting documentation as appropriate.
Works closely with the Head of Mortgage to review and analyze the following: Small Servicer Annual Qualifications, HMDA annual closed and open-end loan counts, HELOC Annual Total Count Update, ATR/QM Policy.
Renew the Banks LEI registration on an annual basis.
Ensure compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.
Maintain a proficient knowledge of all applicable banking rules and regulations.
Assist Compliance Director with conducting periodic and ongoing testing of compliance with laws and regulations and develop corrective action plans where applicable.
Assist Compliance Director in advising bank personnel in the area of lending compliance including attending applicable loan department meetings for compliance coverage.
Ensure compliance with all applicable reporting and recordkeeping requirements.
All duties as assigned.