Compliance Specialist: Mortgages & Fair Lending

FIRST STATE BANK•Saint Clair Shores, MI

2d•Onsite

About The Position

Responsible for ensuring that First State Bank complies with lending regulations and laws with a focus on those that prevent discriminatory lending, especially ECOA, TILA, and RESPA. This position is responsible for regular compliance monitoring, developing/updating fair lending policies and procedures, conducting risk assessments, and analyzing loan data.

Requirements

Bachelor’s degree in related field (or equivalent experience)
Three to five years related work experience in compliance
Strong written communication skills with the ability to produce clear, defensible documentation
Thorough understanding of Fair Lending, ECOA, TILA, RESPA and related regulations
Ability to research, analyze information and solve problems
Good attention to detail
Ability to work independently
Ability to develop and facilitate training and educate co-workers on regulatory requirements
Ability to work with all levels of management and staff within the Bank

Nice To Haves

CRCM, CAFP, or other compliance certification
Experience monitoring and/or analyzing Fair Lending and CRA data
Familiarity with mortgage LOS and service Platforms
Familiarity with NContracts or other Fair Lending/CRA Software

Responsibilities

Execute risk-based monitoring and testing including documenting findings, identifying root causes and recommending corrective actions for Mortgage origination and servicing compliance
Disclosure accuracy and timing
Escrow, payments, fees, and servicing practices
Fair lending and consumer protection requirements
Support the Bank’s Fair Lending and Community Reinvestment Act Program, assisting with Risk assessments
Adverse action notice compliance
Pricing, underwriting, and exception monitoring
Analysis of lending data, trends, and potential risk indicators.
Remediation and documentation of corrective actions related to fair lending findings or examiner feedback.
Assist with Compliance Audits and Exams, including but not limited to gathering information and reports, coordinating responses, and tracking corrective action of findings
Attends compliance training/sessions to become knowledgeable and skilled in compliance requirements.
Reports requirements to Compliance Officer and may train departmental heads in compliance processes, requirements and controls.
Create and maintain a courteous and professional relationship with co-workers while maintaining timely and prompt daily attendance