Mortgage Loan Compliance Analyst

Wings Credit Union•Colorado Springs, CO

About The Position

The Mortgage Loan Compliance Analyst helps maintain strong, compliant, and effective mortgage lending practices. Working with Compliance leadership and Senior Mortgage Loan Compliance Analysts, the role independently reviews mortgage loan quality, regulatory compliance, and credit risk across the lending lifecycle. The analyst reviews loan documentation, lending processes, reports, and systems for alignment with internal standards and applicable regulatory, governmental, investor, and secondary market requirements. The role researches changing compliance and credit requirements, identifies potential risks and process gaps, and helps turn findings into practical updates to policies, procedures, action plans, and training. It collaborates with Mortgage Lending leaders, Compliance partners, vendors, supervisors, and training teams to understand recurring findings and develop solutions that strengthen processes and support members and the organization. Responsibilities also include supporting oversight of third-party quality-control vendors, analyzing findings and trends, reviewing delinquency-related collection activities, and coordinating documentation for annual audits and recertifications. The analyst must remain knowledgeable of and follow Wings policies, procedures, and applicable Bank Secrecy Act requirements.

Requirements

Associate's degree in Finance, Business Administration, or a similar field (preferred).
At least 3 years of first mortgage loan experience (required).
At least 2 years of first mortgage loan auditing or quality assurance experience with mortgage lending systems (preferred).
At least 6 months of experience in a credit union setting (preferred).
Strong analytical aptitude, including legal and regulatory research, documenting 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-property loans.
Knowledge of federal and state lending regulations and governmental and secondary-market guidelines.
Knowledge of Ent mortgage lending policies and procedures and mortgage lending positions and functions.
Initiative to meet or exceed job standards and willingness to take on tasks outside regular duties.
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 through clear written and verbal communication and give oral presentations to a group.
Ability to hold information in strict confidence.
Extensive knowledge of Microsoft Office, including Word, Excel, and Outlook.

Nice To Haves

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.
Associate's degree in Finance, Business Administration, or a similar field.

Responsibilities

Conduct independent mortgage loan reviews under applicable agency and investor guidelines, including pre-funding, closing, post-closing, servicing, and adverse-action reviews.
Review loan activity across origination, processing, underwriting, closing, and servicing for alignment with investor, FHA, VA, and regulatory requirements.
Identify potential compliance, credit, documentation, and process concerns and communicate findings 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 vendors meet established expectations and service-level requirements.
Support quality-control efforts for conventional, FHA, and VA loan products.
Perform independent reviews of Collections activities and report identified deficiencies and their potential significance.
Work with appropriate teams to identify and address recurring quality or compliance concerns.
Collect and coordinate 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, or operational risks.
Remain knowledgeable of and adhere to Wings policies, procedures, and applicable Bank Secrecy Act requirements.