Director, HMDA & Fair Lending Analytics

loanDepot • Irvine, CA

1d

About The Position

Position Summary : Responsible for leading the development and execution of fair lending analytics programs to identify, manage, and report on fair lending risks. Oversees the design and maintenance of loanDepot’s HMDA compliance management system to ensure complete, accurate, and timely data collection, reporting, and submission. Provides strategic direction on fair lending compliance, applying expert judgment in establishing internal procedures, interpreting regulatory requirements, and responding to data and analytics requests from internal and external stakeholders.

Requirements

• Bachelor’s Degree required, and a minimum of ten (10) + years of fair lending compliance and analytical experience.
• Minimum of seven (7) + years’ mortgage lending experience in compliance with emphasis on HMDA reporting.
• Minimum of five (5) + years’ experience in the field of mortgage lending compliance and regulatory audit reporting required.
• Experience with Microsoft Office, Excel, and Empower required.
• Demonstrates familiarity with statistical and analytical tools, specifically Rata Comply for fair lending and fair servicing analysis.
• Demonstrates strong working knowledge of applicable federal and multi-state regulatory requirements as related to the Home Mortgage Disclosure Act (HMDA).
• Demonstrates working knowledge of mortgage lending regulatory requirements, including but not limited to: Equal Credit Opportunity Act, Fair Housing Act, Fair Credit Reporting Act, Community Reinvestment Act (state specific) and Dodd-Frank Regulatory Reform Act, is desired as related to origination and reporting of mortgage loans
• Advanced knowledge of regulatory reporting software, specifically Rata Comply.
• Exceptional verbal, written and interpersonal communication skills with emphasis on ability to express statistical ideas and concepts clearly and logically.
• Demonstrates a strong sense of ethics and confidentiality.
• Strong problem solving, decision making, and reporting skills.
• Analytical, detailed and results oriented.

Responsibilities

• Manages fair and responsible lending analytics program elements, including performance analytics, matched pair testing, redlining reviews, ECOA monitoring, etc.
• Creates reporting of fair lending data to management.
• Develops innovative approaches to identify and monitor fair and responsible lending risk through performance analytics and monitoring initiatives incorporating each of loanDepot’s lending channels.
• Uses the results of lending performance analytics to identify fair and responsible lending risks.
• Prepares findings, analyzes root causes, and identifies systemic, operational, and process issues.
• Reviews and monitors policies, procedures, and internal controls to ensure ongoing compliance with the collection and reporting requirements set forth in HMDA and Regulation C.
• Manages the HMDA team and ensures timely and accurate submission of HMDA data to the Consumer Financial Protection Bureau.
• Submits any necessary resubmission of HMDA LAR data to regulatory agencies.
• Ensures quarterly LAR information is maintained pursuant to HMDA and Regulation C.
• Monitors and evaluates system controls to ensure the accuracy of HMDA data capture, as well as identification of higher risk issues.
• Establishes data integrity testing and protocols to address risks identified through routine monitoring and testing.
• Documents testing requirements in procedures, job aids and scenario guides.
• Ensures a clear auditable trail is maintained for HMDA LAR validation within each loan or application file.
• Prepares written HMDA reports detailing findings and recommendations for corrective actions.
• Maintains up-to-date knowledge of regulations and regulatory guidance, enforcement actions, and industry trends and incorporates this knowledge into ongoing development and maintenance of fair and responsible lending risk management efforts.
• Provides technical guidance, training, information, and analysis to peers and team members.
• Initiates and completes special project assignments, such as due diligence examinations, task force projects, or special ad hoc reviews.
• Performs other duties and projects assigned.

Benefits

• Aggressive compensation package based on experience and skill set.
• Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
• Work with other passionate, purposeful, and customer-centric people.
• Extensive internal growth and professional development opportunities including tuition reimbursement.
• Comprehensive benefits package including Medical/Dental/Vision.
• Wellness program to support both mental and physical health.
• Generous paid time off for both exempt and non-exempt positions.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 1,001-5,000 employees