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. In partnership with Compliance leadership and Senior Mortgage Loan Compliance Analysts, the role independently reviews mortgage loan quality, regulatory compliance, and credit risk throughout the lending lifecycle. The analyst reviews loan documentation, processes, reports, and systems for alignment with internal standards and applicable regulatory, governmental, investor, and secondary-market requirements. The role researches evolving compliance and credit requirements, identifies risks and process gaps, and helps translate findings into updates to policies, procedures, action plans, and training. It also collaborates with Mortgage Lending leaders, Compliance partners, vendors, supervisors, and training teams to address recurring findings and strengthen processes. The position supports mortgage loan quality and compliance reviews; compliance research and process improvements; third-party quality-control vendor oversight; delinquency quality control; and annual audit and recertification activities. The analyst must remain knowledgeable of and adhere to Wings policies, procedures, and applicable Bank Secrecy Act requirements.

Requirements

Associate's degree in Finance, Business Administration, or a similar field is preferred.
At least 3 years of first mortgage loan experience is required.
At least 2 years of first mortgage loan auditing or quality assurance experience with mortgage lending systems is preferred.
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.
Initiative to meet or exceed job standards and willingness to take on tasks beyond 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 and concise written or verbal communication.
Ability to 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 6 months of experience in a credit union setting is preferred.

Responsibilities

Conduct independent mortgage loan reviews, including pre-funding, closing, post-closing, servicing, and adverse-action reviews, in accordance with applicable agency and investor guidelines.
Review loan activity across origination, processing, underwriting, closing, and servicing for compliance 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 in response to regulatory changes, audit findings, and identified process gaps.
Review lending processes and systems for 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.