Mortgage Compliance Specialist

FocusOne•Houston, TX

20d

About The Position

The Compliance Specialist will ensure that all mortgage lending activities comply with federal, state, and local regulations. This role involves developing, implementing, and managing compliance policies and procedures, conducting audits, and providing training to staff. The ideal candidate will have extensive experience in mortgage compliance and a thorough understanding of relevant regulations. In addition, this position will be responsible for ensuring that all underwriting activities comply with regulatory requirements, company policies, and industry standards. This role involves evaluating and analyzing insurance applications, conducting risk assessments, and collaborating with various departments to maintain compliance and mitigate risks. The ideal candidate will have a strong background in underwriting and a keen understanding of compliance regulations within the financial services industry.

Requirements

Minimum of 5-7 years of experience in mortgage compliance and mortgage underwriting or comparable experience or education.
Strong knowledge of federal, state, and local mortgage lending regulations (e.g., RESPA, TILA, HMDA, ECOA).
In-depth knowledge of FNMA/FHLMC and investor underwriting guidelines.
Excellent analytical, problem-solving, and decision-making skills.
Exceptional communication and interpersonal abilities.
Strong organizational and communication skills are required.
Experience using Encompass is preferred.
Perform other duties as required.

Responsibilities

Develop, implement, and manage the company’s mortgage compliance program.
Monitor changes in mortgage-related regulations and ensure the company's policies and procedures are updated accordingly.
Conduct regular audits and assessments of mortgage operations to ensure compliance with regulatory requirements.
Assist with staff training as needed and manage the training platform, including selecting and assigning relevant courses required by policy and regulations.
Review company policies and procedures for completeness and compliance.
Review all real estate advertisements for compliance and review marketing materials including website bios.
Investigate compliance issues and coordinate responses to regulatory inquiries and audits.
Prepare and present compliance reports to senior management and the board of directors.
Ensure the company maintains necessary documentation and records to demonstrate compliance with mortgage regulations.
Complete pre-closing and post-closing reviews.
Manage HMDA data and complete annual HMDA-LAR filing.
Complete NMLS reporting.
Maintain state licensing.
Review insurance for the company and ensure it meets state guidelines.
Cross-train in other positions, such as Closing and Post-Closing, and provide coverage in these areas as needed.