HMDA Specialist

Cathay General Bancorp • El Monte, CA

50d • $20 - $24

About The Position

This position is responsible for the review and accuracy of the HDMA loan data required to be collected and reported in accordance with the Bank and HMDA regulatory requirements.

Requirements

• Education: College graduate with major in accounting or business preferred.
• Experience: Minimum three years of mortgage lending and banking experience with good knowledge of lending regulations. Knowledge of the Home Mortgage Disclosure Act (HMDA) is preferred.
• Skills/Ability: Strong analytical and research skills; strong planning, organizing, and problem-solving skills; strong written and verbal communication skills; must be able to adapt well to a fast paced and constantly changing business environment; PC proficient at the expert level; demonstrated ability to work in a team-oriented environment; bilingual English/Chinese is a plus.

Nice To Haves

• bilingual English/Chinese

Responsibilities

• Responsible for accuracy and integrity of the data collected and reviewed that is reported on originated mortgage loans, as well as non-originated applications (denials, withdrawal, approved but not accepted applications).
• Scrub and audit file loan data to uncover any systematic problems, discrepancies, or data integrity issues.
• Perform second line reviews on Bank Purchase Loans.
• Work with various mortgage operations team members as well as other areas of the Bank to correct data within the loan origination system (Empower) or on the LAR.
• Identify commercial HMDA reportable loans; prepare manual HMDA LAR by working with various commercial lending units.
• Report any potential concerns about non-compliance with HMDA regulatory requirements.
• Prepare monthly HMDA excel reports that will be submitted to the Compliance Department for LAR reporting.
• Meet monthly deadline for HMDA data required on the Loan Application Register (LAR).
• Perform other tasks which may be assigned by management.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 1,001-5,000 employees