Mortgage Compliance Specialist

GESA CREDIT UNION•Richland, WA

1d•Onsite

About The Position

Under the direction of the VP of Home Loans, the Mortgage Compliance Specialist will serve as the subject matter expert for all regulatory matters and compliance initiatives related to mortgage lending. This role will provide research, interpretation and guidance related to RESPA (Reg X), TILA (Reg Z), ECOA, TRID, HMDA (Reg C), FACTA, and other applicable federal and state regulations. Duties include compiling appropriate information for reporting purposes and providing direction to others to ensure compliance with regulations.

Requirements

Strong working knowledge of RESPA (Reg X), TILA (Reg Z), ECOA, TRID, HMDA (Reg C), FACTA, and other federal and state regulations applicable to mortgage lending
Strong attention to detail and accuracy
Excellent collaboration, communication, and negotiation skills to effectively manage compliance reviews and communicate regulatory changes
Well-organized with the ability to manage multiple tasks and work to time sensitive deadlines
Exceptional ability to collect data, define problems, establish facts, and draw valid conclusions
Consistently display interpersonal skills to relate effectively and professionally to peers and all levels of management
Excellent written and verbal communication skills
High school diploma or equivalent experience would be accepted in lieu of a degree
Minimum of three (3) years of mortgage industry experience preferred or financial institution experience
Proficiency with Microsoft Office Suite

Nice To Haves

Experience with Mortgage Cadence Loan Origination System and QuestSoft preferred
Some travel is required to complete credit union training and/or fulfill duties

Responsibilities

Monitor daily Initial Disclosure Report for new applications that have not been disclosed within three business days. Notifying necessary parties of loans approaching required three-day TILA-RESPA deadline
Monitor and process all loan cancellation, withdraw, and decline requests received through the Mortgage Service Desk ticketing system within required regulatory timeframes
Review loans that have funded/withdrawn/denied etc. quarterly to ensure accuracy
Monitor monthly reports to identify and correct HMDA errors. Report on potential concerns about non-compliance with HMDA regulatory requirements to management
Complete quarterly NMLS audit for all mortgage staff registered with an active Loan Originator ID on the NMLS (Nationwide Multistate Licensing System). Communicate with Internal Audit any changes that need to be made
Act as a backup for the SAFE Act/NMLS monitoring for the Credit Union
Prepare and submit accurate final HMDA LAR data quarterly and annually by the required deadline set forth by the FFIEC (Federal Financial Institutions Examination Council)
Ensure organizational standard procedures are maintained for the end-to-end process of collecting, recording, and reporting on HMDA reportable loans
Partner with Internal Compliance during all state or federal agency audit examinations regarding inquiries related to applicable regulations
Manage all prefunding and post funding audits through TENA
Monitor and report to the Mortgage Electronic Registration Systems
Perform quarterly audit on a random sampling of loans for adherence to federal and state regulations. Provide timely documented findings to management
Perform quarterly audit on all funded loans secured by a property located in a Special Flood Hazard Area (SFHA). Provide timely documented findings to management
Assists with development of checklists, policies, and procedures as assigned by management
Ensures all mortgage policies, procedures and documents are reviewed annually to confirm accuracy
Monthly review of new and upcoming compliance changes to ensure compliance with Fannie Guidelines, FHA, VA etc.
Partner with Internal Marketing Department to ensure compliance with all applicable regulations on mortgage marketing materials
Keeps the team informed of any compliance issues current or upcoming
Assist Internal Vendor Management with accurate set up of new vendors
Assist mortgage personnel with inquiries regarding compliance related matters
Stay up to date and informed on regulatory changes regarding all applicable regulations.
Provide training to mortgage staff as needed
Process all of the Mortgage Service Desk items
Display mutual respect, trust, and dignity, while acting in the best interest of the credit union following all policies and procedures as expected by management.
Lead by example by always displaying solid ethics and integrity
Maintain and protect all sensitive data utilizing the highest standard of confidentiality and professionalism
Willingly perform other job-related projects and duties as assigned, self-initiating assistance to team members when appropriate