Director, Originations & Systems Compliance
About The Position
Position Summary : Responsible for leading the originations and systems compliance team and serve as the Company’s mortgage originations compliance subject matter expert, including TRID, Qualified Mortgage Rule, state compliance and federal/state disclosure compliance requirements. Oversees the company’s compliance inbox and serve as the originations compliance escalation point for Sales and Operations leadership. Prepares originations compliance reporting and provide originations compliance support for examinations and GSE/investor reviews. Provides compliance guidance for new product and product enhancement launches, including oversight of compliance user acceptance testing of systems, disclosures and other requirements.
Requirements
- Bachelor’s Degree required, and a minimum of ten (10) + years’ mortgage originations compliance experience required.
- Minimum seven (7) + years of compliance management experience required.
- Thorough knowledge of loan origination systems (LOS), including Empower.
- Extensive experience configuring originations compliance engines, including Mavent and ComplianceEase.
- Strong expertise in TRID, Qualified Mortgage rule and state high-cost compliance.
- Experience leading the deployment of new regulatory change requirements impacting systems and operations (in partnership with legal, business and IT counterparts).
Responsibilities
- Oversees the Company’s mortgage originations and system compliance testing team.
- Serves as the Company’s mortgage originations compliance subject matter expert and advise sales and originations on compliance requirements, including TRID, Qualified Mortgage rule, state high-cost requirements and fee requirements.
- Manages the team that provides compliance guidance to loan officers on curing regulatory compliance failures.
- Serves as the escalation point for Sales and Operations leadership to resolve complex originations compliance issues, including disclosure timing issues.
- Ensures the company’s compliance engines are configured appropriately when there are system changes or new legal and regulatory requirements.
- Provides compliance guidance for the deployment and expansion of mortgage products.
- Provides originations compliance support for regulatory examinations and GSE/Investor reviews including, but not limited to, drafting responses to exam requests.
- Utilizes knowledge of investor/agency and compliance guidelines for government and agency loans to ensure standards are consistently met.
- Prepares compliance report relating to originations compliance and the compliance inbox statistics.
- Provides specialized compliance guidance tailored to the business channels (Retail, Direct, Joint Venture or Wholesale).
- Completes compliance risk assessment sections relating to mortgage originations
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Number of Employees
1,001-5,000 employees
