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 position researches changing compliance and credit requirements, identifies risks and process gaps, and helps translate findings into practical policy, procedure, action-plan, and training updates. The analyst collaborates with Mortgage Lending leaders, Compliance partners, vendors, supervisors, and training teams to investigate recurring findings and develop improvements. The role also supports third-party quality-control oversight, delinquency quality control, annual internal audits, and recertification activities, and requires adherence 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-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.
Organized, detail-oriented, flexible, and able to manage multiple tasks in a dynamic environment.
Self-motivated, with initiative, 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 or verbal communication and 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

At least 6 months of experience in a credit union setting.

Responsibilities

Conduct independent pre-funding, closing, post-closing, servicing, and adverse-action reviews of mortgage loans in accordance with applicable agency and investor guidelines.
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 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 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.