Mortgage Loan Compliance Analyst Sr.

Ent Credit Union•Westminster, CO

1d•$45 - $52

About The Position

The purpose of this position is to collaborate with the Manager of Compliance and Quality Control to provide an independent, consistent, systematic, and thorough process to assess and identify mortgage loan quality and compliance. The Sr. Mortgage Loan Compliance Analyst will coordinate with Mortgage Lending Managers by analyzing processes, reports and lending systems to ensure that compliance and credit quality requirements are being met on every mortgage loan and in a manner that is within regulatory, governmental, and secondary marketing guidelines. They will monitor changes in compliance and credit requirements in order to create appropriate written actions plans, suggest updates to policies and procedures, and audit documentation. Sr. Mortgage Loan Compliance Analyst will be responsible for the analysis of all Mortgage Lending areas to determine effectiveness of training and technology as it relates to compliance and safety/soundness requirements. They will coordinate with managers, supervisors, and trainers to determine and implement creative solutions for recurring deficiencies and audit findings.

Requirements

Bachelor's Degree in Finance, Business Administration, or another relevant field of study.
4+ years' of first mortgage loan experience to include: Required
2+ years' first mortgage loan auditing / quality assurance experience with mortgage lending systems. Required
Strong aptitude for detail and analytical work including legal and regulatory research, documentation of findings, risk analysis, policy development, etc.
Strong reading comprehension of technical/regulatory documentation is required.
Working knowledge of first mortgage products including conventional, FHA, VA, construction, land, portfolio, and investment properties.
Extensive knowledge of federal and state lending regulations.
Extensive knowledge of governmental and secondary market guidelines.
Knowledge of Ent mortgage lending policies and procedures.
Knowledge of all mortgage lending positions and functions.
Initiative to meet and/or exceed job standards and willingness to take on other tasks that are not part of their regular job.
Organized, detail-oriented, flexible, and able to multi-task in a dynamic environment.
Self-motivated.
Project management skills.
Supervisory and scheduling skills.
Resource management skills.
Problem-solving skills.
Excellent written and oral communication skills.
Excellent interpersonal skills.
Aptitude to work concurrently on multiple projects.
Aptitude to work independently with very minimal direction.
Aptitude to train staff with clear and concise communication orally and in written form.
Aptitude to give oral presentations to a group.
Ability to hold information in strict confidence.
Extensive knowledge of Microsoft Office including Microsoft Word, Excel, and Outlook.

Nice To Haves

1+ years' experience with team leadership or management.
Experience in a Credit Union setting.
NAFCU Certified Compliance Officer (NCCO), ACU Certified Credit Union Compliance Officer (CUCO), or similar

Responsibilities

Mortgage loan review analysis: Provide an independent analysis, per agency and investor guidelines, of mortgage loans to include pre-funding, closing, post-closing, and servicing audits as well as adverse actions. Review loan files from loan origination, processing, underwriting, closing, and servicing to guarantee investor, FHA, VA, and regulatory guidelines are met.
Compliance review analysis: Review of compliance questions from staff members in regards to disclosures, rate lock requirements, compliance engine fails, adverse action processes, HMDA, etc. - research regulations and guidelines as necessary. Provide necessary updates for policies and procedures as well as analyze all lending processes and systems for compliance weaknesses and initiate any necessary changes. Verify appropriate reporting of HMDA quality and validity errors.
Manage third-party quality control vendors that pertain to the Compliance department: To direct and assess quality control vendors, policies, their timeliness, and accuracy, direct the rebuttal process, a compilation of findings, and develop reports in order to assess staff training needs related to loan origination, processing, underwriting, closing, and servicing mortgage loans, and to warrant third-party vendors meet service level agreements. Develop project timelines, create vendor questionnaires, and coordinate with project Leads, managers, and vendor selection committee to lead successful and efficient project completion for Compliance.
Coordinate training, resources, and Compliance staff responsibilities: Coordinate training, workstation set-up, and staff responsibilities. Work with the department manager to supervise and mentor junior staff and temporary employees in the compliance department.
Delinquency quality control - Conventional, FHA, and VA loan products: Oversee quality control efforts ensuring they are sufficient. Perform independent analysis of Collections Department activities and provide regular reports and determination of the severity of deficiencies.
Lead the annual recertification process: Manage the collection of all required documents for annual internal audits and re-certification. This allows the Mortgage Lending department to manage total risk while allowing the Credit Union to have a portfolio with a product mix conducive to the needs of the members and allows for the continued authorization and approval to originate loans with investors.
Bank Secrecy Act: Remains cognizant of and adheres to Wings policies and procedures, and regulations pertaining to the Bank Secrecy Act.