Mortgage HMDA Specialist

Towne Family of Companies•Norfolk, VA

5d•Onsite

About The Position

The Mortgage HMDA Specialist audits closed and cancelled loan packages to ensure HMDA compliance reporting is accurate. This role involves processing and reviewing non-originated loans for compliance with various regulations, managing daily workflows, and performing loan-level HMDA compliance reviews on closed loans. The specialist will document findings, process notices, assist with mailing duties, and conduct target audits as requested. A key aspect of the role is understanding and maintaining knowledge of federal requirements and staying current with procedural updates. The position requires reviewing a specific number of files daily with a minimum of errors and maintaining confidentiality. The role also mandates adherence to federal laws concerning Anti-Money Laundering (AML), including the Bank Secrecy Act (BSA).

Requirements

Has excellent written and verbal communication skills.
Has strong attention to detail.
Is able to work under pressure and in an ever-changing regulatory environment.
Is able to meet deadlines.
Has a high-level of expertise in Microsoft Excel and Word software and overall computer proficiency.

Nice To Haves

Mortgage experience, especially in origination, processing, or compliance.
Experience with Encompass software.

Responsibilities

Processing and performing reviews of non-originated loans to ensure compliance with Reg. B, Fair Credit Reporting Act and Consumer Compliance Regulations, and determine that the correct action was taken in the loan decision.
Utilizing and managing daily workflow through reporting and Encompass pipeline views/dashboards.
Assist in pipeline management using Encompass pipeline views.
Perform loan-level HMDA compliance reviews on closed loans to ensure LOS (Encompass) matches source documentation.
Document all findings and provide meaningful information regarding loan file exceptions.
Reviewing and processing Pre-Qualification Adverse Action Notices to ensure disclosure compliance, logging, and on-time delivery.
Processing "Notice of Incomplete” letters to ensure timely delivery and cancellation.
Assist with mailing duties for Adverse Action Notices.
Conduct target audits as requested by management and provide Team Lead and Manager status reports as requested.
Understand and maintain knowledge of federal requirements and continue to remain current with any updates or changes in procedures.
Review 20 files a day with a minimum of errors.
Maintain confidentiality.
Obeys all applicable federal laws, rules, and regulations relating to Anti-Money Laundering (AML), including the Bank Secrecy Act (BSA).