Lending Compliance Specialist III

Bank of Utah • Lehi, UT

5d • $37 - $41 • Onsite

About The Position

The Lending Compliance Specialist III serves as a resource and consumer compliance expert within Bank of Utah’s Compliance function, helping manage lending compliance risk and support the Bank’s Compliance Management System. The role provides expert advice, guidance, and training to business lines and employees on applicable federal and state banking laws, regulations, regulatory guidance, policies, and procedures. It is also the Bank’s subject matter expert for Marketing and Advertising Compliance.

The position manages and performs mortgage and consumer lending quality control and compliance monitoring activities, including mortgage quality control audits, prefunding reviews, cancelled-file reviews, HMDA reporting, appraisal management monitoring, and monitoring consumer lending products. It also supports the maintenance of the Mortgage Quality Control Plan, marketing and advertising reviews, compliance policies and procedures, staff training, audit and examination follow-up, and reports to management and committees. Duties are assigned by the Consumer Lending Compliance Officers and may include all or portions of the listed responsibilities.

The job is based at the Bank’s branch in Lehi, Utah, with a Monday–Friday schedule from 8:00 a.m. to 5:00 p.m.

Requirements

• Seven to ten years of relevant experience, such as banking, lending compliance, mortgage operations, or commercial lending support.
• Expert knowledge of RESPA, TILA, ECOA, FCRA, GLBA, HMDA, SAFE Act, Fair Lending, Regulation Z, Regulation B, Regulation E, BSA/AML, UDAAP, MLA, and SCRA.
• Expert knowledge of mortgage investor eligibility requirements and underwriting guidelines for FNMA/FHLMC, regulatory compliance, and standard auditing procedures.
• Excellent written and oral communication skills, including the ability to research and explain complex regulatory information in a straightforward manner.
• Ability to proactively identify solutions to compliance changes and updates.
• Ability to work well with others to coordinate and motivate staff.
• Excellent time management, organization, and project-prioritization skills.

Nice To Haves

• Bachelor’s degree preferred.
• CRCM certification preferred.

Responsibilities

• Manage mortgage quality control audits in accordance with the Bank’s Quality Control Plan, including submitting reports and loan documents to the outsourced quality control company, reviewing findings, correcting inaccurate findings, communicating results to management, and preparing reports on audit findings and trends.
• Work closely with the mortgage team throughout the mortgage quality control process and suggest solutions to identified findings.
• Assist with timely prefunding quality control audits by reviewing mortgage files before funding, communicating findings to management, coordinating monthly review meetings with Mortgage Department staff, and preparing monthly reports on findings, resolutions, and trends.
• Manage cancelled-file quality control audits, including assisting with weekly reviews, preparing quarterly reports, training mortgage staff with Mortgage Banking Operations leadership, monitoring compliance issues including HMDA reporting, and proposing solutions.
• Perform audits on time in accordance with the Quality Control Plan.
• Assist with maintaining the written Mortgage Quality Control Plan by reviewing compliance and guideline bulletins, coordinating with compliance management, working with the Secondary Market Department to implement investor requirements, and proposing updates based on Fannie Mae or other investor requirements.
• Complete and submit the Bank’s HMDA LAR to the Consumer Financial Protection Bureau, including collecting and reporting quarterly and annual HMDA data, geocoding, monitoring corrections, and assisting with HMDA policies, procedures, training, and software development.
• Manage appraisal management monitoring, including checking mortgage logs for appraisal independence, verifying timely disclosures, and monitoring reconsiderations of value and appraisal bias.
• Manage consumer lending product monitoring by reviewing closed and cancelled application reports and monitoring Residential Construction, Lot, Auto, Unsecured, and DDL loans for compliance with regulatory requirements and Bank policy.
• Prepare monthly consumer lending monitoring reports covering findings, resolutions, and trends, and propose solutions.
• Research and approve marketing and advertising materials through the Bank’s marketing compliance review process in collaboration with the Lending Compliance Officer.
• Monitor marketing and advertising compliance with UDAAP, Truth in Lending, Fair Lending, FDIC advertising requirements, and other applicable regulatory guidance; report trends, findings, and recommendations to Compliance Management and applicable committees.
• Perform assigned ongoing monitoring procedures for lending compliance regulations and report results to Lending Compliance Officers and applicable business units; prepare summarized reporting for the Compliance Committee, including trends and resolutions.
• Assist with researching policy updates and changes, coordinating process and procedure changes, maintaining current compliance documentation, developing monitoring reports, and researching examination and audit findings during and after reviews.
• Attend mortgage operations and compliance meetings and participate in training when needed.
• Proactively attend webinars, training, and other educational opportunities and work toward professional compliance certifications.
• Perform other duties as assigned.

Benefits

• Great work-life balance with a Monday–Friday schedule.
• Competitive pay and benefits, including medical, dental, and vision plans.
• 401(k) plan and match up to 5 percent in the employee stock ownership program, subject to eligibility requirements.
• 12 paid bank holidays and paid time off, including paid parental leave.
• Volunteer opportunities in the communities where employees work and live.
• Awards and recognition for employees who live the bank’s values.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed