Mortgage Loan Compliance Analyst

Wings Credit Union•Colorado Springs, CO

2d•$37 - $44

About The Position

The Mortgage Loan Compliance Analyst helps maintain strong, compliant, and effective mortgage lending practices by independently reviewing mortgage loan quality, regulatory compliance, and credit risk across the lending lifecycle. The role partners with Compliance leadership and Senior Mortgage Loan Compliance Analysts and reviews loan documentation, lending processes, reports, and systems for alignment with internal standards and applicable regulatory, governmental, investor, and secondary-market requirements. The analyst researches evolving compliance and credit requirements, identifies potential risks and process gaps, and helps translate findings into practical updates to policies, procedures, action plans, and training. The role collaborates with Mortgage Lending leaders, Compliance partners, vendors, supervisors, and training teams to address recurring findings and strengthen processes.

Requirements

At least 3 years of first mortgage loan experience.
Strong analytical aptitude, including legal and regulatory research, documentation of findings, risk analysis, and policy development.
Strong reading comprehension of technical and regulatory documentation.
Working knowledge of first mortgage products, including conventional, FHA, VA, construction, land, portfolio, and investment properties.
Knowledge of federal and state lending regulations.
Knowledge of governmental and secondary-market guidelines.
Knowledge of Ent mortgage lending policies and procedures.
Knowledge of mortgage lending positions and functions.
Organized, detail-oriented, flexible, and able to multitask in a dynamic environment.
Self-motivated, with resource-management and problem-solving skills.
Excellent written, oral, and interpersonal communication skills.
Ability to work concurrently on multiple projects and independently with minimal direction.
Ability to coach staff using clear and concise written or verbal communication and to give oral presentations to a group.
Ability to hold information in strict confidence.
Extensive knowledge of Microsoft Word, Excel, and Outlook.
Willingness to meet or exceed job standards and take on tasks outside regular duties.

Nice To Haves

Associate's degree in Finance, Business Administration, or a similar field.
At least 2 years of first mortgage loan auditing or quality assurance experience with mortgage lending systems.
At least 6 months of experience in a credit union setting.

Responsibilities

Conduct independent mortgage loan reviews in accordance with applicable agency and investor guidelines, including pre-funding, closing, post-closing, servicing, and adverse-action reviews.
Review lending activity across origination, processing, underwriting, closing, and servicing for alignment with investor, FHA, VA, and regulatory requirements.
Identify and communicate potential compliance, credit, documentation, and process concerns to appropriate partners.
Research mortgage compliance questions involving disclosures, rate-lock requirements, compliance engine findings, adverse actions, HMDA, and other lending requirements.
Translate regulations and guidelines into practical guidance for business partners.
Recommend policy and procedure updates based on regulatory changes, audit findings, and identified process gaps.
Review lending processes and systems for potential compliance weaknesses and support corrective actions.
Review HMDA reporting for quality, accuracy, and validity.
Support oversight of third-party quality-control vendors, including reviewing contracts, policies, timeliness, accuracy, findings, service levels, and rebuttal activity.
Compile and analyze quality-control findings to identify trends, recurring deficiencies, and potential training or process-development needs.
Partner with Compliance leadership and business teams to help ensure third-party vendors meet established expectations and service-level requirements.
Support quality-control efforts for conventional, FHA, and VA loan products.
Independently review Collections activities and report identified deficiencies and their potential significance.
Work with appropriate teams to identify and address recurring quality or compliance concerns.
Assist with collecting and coordinating documentation for annual internal audits and recertification activities.
Help maintain standards and documentation supporting mortgage investor relationships and continued loan-origination authorization.
Support Mortgage Lending and Compliance partners in identifying and addressing regulatory, credit, compliance, and operational risks.
Remain knowledgeable of and adhere to Wings policies, procedures, and applicable Bank Secrecy Act requirements.