Mortgage Loan Compliance Analyst

Wings Credit Union•Colorado Springs, CO

11h•$37 - $44

About The Position

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

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 initiative to meet or exceed job standards and willingness to take on other tasks.
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

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 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 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 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.
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.