Mortgage Compliance Officer - Remote

Longbridge Financial•Paramus, NJ

8d•$130,000 - $135,000•Remote

About The Position

Longbridge is expanding its Compliance Department with a newly created role, Mortgage Compliance Officer. This position will be responsible for researching compliance with all mortgage banking laws, rules, regulations, and prescribed policies/practices/procedures to minimize risk and uphold ethical standards.

Requirements

In-depth knowledge of state and federal consumer regulations, including those specific to mortgage lending such as Licensing, TILA, HMDA, RESPA, UDAAP, non-bank CRA requirements, and SOX.
Bachelor’s degree required.
Minimum of five (5) years of experience in a compliance role within a financial institution.
Knowledge in mortgage banking and consumer compliance laws and regulations.
Ability to form effective relationships and influence at the most senior levels of the organization.
Proactive, motivated, with strong attention to detail.
Proven track record in building good working relationships.
Ability to work independently and collaboratively within a team environment.
Understanding of when issues require escalation.
Working knowledge of the Microsoft Office Suite of products.
Analytical writing skills.
Strong verbal and written communication skills.

Nice To Haves

Reverse mortgage experience is a plus but not required.

Responsibilities

Review regulatory changes and assess their potential impact on the company, providing recommendations for necessary policy and procedural adjustments.
Oversee monthly assessments of regulatory compliance weaknesses across the organization, collaborating with management to identify root causes, implement remediation steps, and track issue resolution.
Contribute to the compliance training program by identifying external training resources (courses, webinars) and potentially creating and delivering internal compliance-related training.
Monitor federal and state regulatory sources (CFPB, HUD, TILA, HMDA, RESPA, UDAAP, state agencies) for new rules, guidance, and legislative updates relevant to mortgage lending.
Draft compliance alerts to disseminate important regulatory information.
Maintain a regulatory change log, ensuring all updates are documented, categorized, and escalated as needed.
Summarize complex regulatory changes into clear, actionable summaries for operations, sales, and executive leadership.
Design and maintain spreadsheets and tracking tools to document changes within the Loan Origination System (LOS), including version history and effective dates.
Prepare reports, presentations, and meeting materials for internal and external compliance reviews.
Assist in the implementation of compliance policies and procedures.
Respond to compliance-related inquiries from various departments within the company.