Fair Lending Specialist, Sr

loanDepot • Irvine, CA

12h

About The Position

Responsible for executing fair lending risk management initiatives, including performance analytics, peer benchmarking, monitoring ECOA compliance, and tracking and reviewing fair lending and UDAAP complaints. Supports the development and documentation of processes and procedures related to fair lending compliance.

Requirements

• Bachelor’s Degree preferred and/or minimum of five (5) + years fair lending compliance experience in mortgage required.
• Ability to respond quickly to a changing environment.
• Ability to work independently, prioritize workload and balance multiple duties.
• Ability to work well with others and take on projects outside of current core competencies.
• Analytical, detailed and results oriented.
• Demonstrates strong working knowledge of applicable federal and multi-state regulatory requirements as related to this position.
• Demonstrates working knowledge of regulatory requirements, including but not limited to: Regulation B (Equal Credit Opportunity Act), Fair Housing Act, UDAAP and Dodd-Frank Regulatory Reform Act, is desired as related to origination and reporting of mortgage loans. This includes record retention requirements for Mortgage loans.

Responsibilities

• Prepares monthly reports / findings of internal data integrity testing, system and process issues to Fair & Responsible Lending Officer to ensure the accuracy and effectiveness of Fair Lending / Servicing analyses.
• Conducts complex fair lending performance analyses, including trend analysis of higher risk factors, and independently determines material issues requiring escalation to manager.
• Interprets analytical findings to perform root cause analysis and formulates strategic, data-driven recommendations to address systemic, operational, and process-related risks.
• Evaluates internal controls related to data integrity and fair lending compliance; develops and recommends corrective action plans and risk mitigation strategies to ensure the accuracy of data utilized in fair lending monitoring and analysis.
• Reviews and validates data used in fair lending monitoring and analysis, establishing methodologies to ensure accuracy, consistency, and reliability.
• Develops and executes risk-based file review methodologies to identify fair lending risk, including evaluation of system data accuracy and documentation.
• Serves as a key contributor for regulatory examinations, internal audits, and other fair lending initiatives as needed.
• Performs advanced regulatory compliance reviews under Regulation B / ECOA, applying expert judgment to assess the accuracy of loan dispositions, consumer notifications, and reporting accuracy.
• Independently evaluates organizational compliance with regulatory requirements, including notification timing, adverse action accuracy, and procedural adherence, and recommends enhancements.
• Analyzes Community Reinvestment Act (CRA) performance for applicable state-based requirements, including data requirements, performance analysis including demographic parity, peer comparisons, and advises manager of risk exposure.
• Maintains effective working relationships with internal business partners and provides technical assistance and information as needed to ensure effective data capture within internal system.
• Maintains deep expertise in applicable laws, regulations, regulatory guidance, and industry trends; proactively integrates regulatory developments and enforcement actions into fair and responsible lending monitoring activities.
• Leads or contributes to strategic initiatives and cross-functional projects within the Fair and Responsible Lending team that enhance fair lending compliance initiatives and organizational risk management capabilities.

Benefits

• Medical/Dental/Vision
• Wellness program to support both mental and physical health.
• Generous paid time off for both exempt and non-exempt positions.
• Extensive internal growth and professional development opportunities including tuition reimbursement.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior