Compliance Specialist

USA Mortgage • Creve Coeur, MO

4h

About The Position

Responsibilities

Keep abreast of industry regulatory requirements in order to identify and implement the best practices in compliance with HMDA and ECOA and changing mortgage regulations.
Communicate and confirm with consumers the final disposition of the consumers loan application in conformity with ECOA, HMDA, and all other applicable regulations. Issue required notices for adverse action and notice of incomplete applications, in accordance with ECOA.
Monitor and track loan level data to ensure that all pieces of required HMDA data are present. Responsible for confirming that borrowers have requested their application be withdrawn.
Assist with administration of Company’s vender management oversight program.
Any other compliance related ad-hoc assignments as required for Company, agency and regulatory compliance.
Requirements
Job Requirements

Broad Knowledge & Experience
Broad understanding of residential mortgage loans and familiarity with mortgage loan products. Knowledge and understanding of regulatory requirements applicable to mortgage lending and other mortgage related laws and regulations.

Above Average Skills
Excellent verbal and written skills. Strong analytical and organizational skills.

Demonstrated Ability
Ability to interpret rules, regulations and guidelines and apply the interpretation to business processes.

General
Positive attitude, planning and execution, strong work ethic.
Education & Experience

Degree or Equivalent
AA or equivalent from two-year college or technical school, or equivalent combination of education and experience. BS degree preferred.

Years’ Experience
One-year residential mortgage experience, knowledge of DAS and relevant regulatory guidelines.

Specialized Training
Knowledge of Encompass Database software. Microsoft Office Suite.

Work Environment

Physical Demands
Office environment; Daily computer usage requires close vision. Regular attendance is required whether in office or remote.

Work Conditions
Fast paced, high volume activities.

Temperament
In order to succeed in this position, high attention to detail, analytical, and strong communication skills amidst a fast-changing environment is a must.

Requirements

• Broad understanding of residential mortgage loans and familiarity with mortgage loan products.
• Knowledge and understanding of regulatory requirements applicable to mortgage lending and other mortgage related laws and regulations.
• Excellent verbal and written skills.
• Strong analytical and organizational skills.
• Ability to interpret rules, regulations and guidelines and apply the interpretation to business processes.
• Positive attitude, planning and execution, strong work ethic.
• AA or equivalent from two-year college or technical school, or equivalent combination of education and experience. BS degree preferred.
• One-year residential mortgage experience, knowledge of DAS and relevant regulatory guidelines.
• Knowledge of Encompass Database software.
• Microsoft Office Suite.
• Office environment; Daily computer usage requires close vision. Regular attendance is required whether in office or remote.
• Fast paced, high volume activities.
• In order to succeed in this position, high attention to detail, analytical, and strong communication skills amidst a fast-changing environment is a must.

Responsibilities

• Keep abreast of industry regulatory requirements in order to identify and implement the best practices in compliance with HMDA and ECOA and changing mortgage regulations.
• Communicate and confirm with consumers the final disposition of the consumers loan application in conformity with ECOA, HMDA, and all other applicable regulations.
• Issue required notices for adverse action and notice of incomplete applications, in accordance with ECOA.
• Monitor and track loan level data to ensure that all pieces of required HMDA data are present.
• Responsible for confirming that borrowers have requested their application be withdrawn.
• Assist with administration of Company’s vender management oversight program.
• Any other compliance related ad-hoc assignments as required for Company, agency and regulatory compliance.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree
• Number of Employees: 501-1,000 employees