Quality Compliance Analyst

Maxwell

82d

About The Position

The position is responsible for the Quality Control and documentation of loan reviews completed by compliance teams. The individual will act as a subject matter expert, providing feedback on potential errors and ensuring the accuracy and completeness of loan documentation. This includes auditing loans for final review, reviewing data captured by compliance against source documents, and ensuring compliance with regulations such as RESPA and TILA. The role also involves coaching and training staff to meet company goals and key performance indicators (KPIs).

Requirements

• Ability to meet production quality and service standards.
• High technical aptitude with familiarity with platforms like Slack, Zoom, Microsoft Office, etc.
• Strong written and verbal communication skills, analytical ability, good judgment, detail-oriented, and organized.
• Ability to produce reports, analyze results, identify issues and take corrective actions.
• Understanding of the credit rating agency requirements, grading and condition clearing processes.
• Current working knowledge of underwriting guidelines, investor guidelines, regulatory compliance and TRID practices.
• Experience with Mavent.

Nice To Haves

• Knowledge of LauraMac system a plus.
• Extensive experience in Quality Control/Due Diligence/Secondary Market as well as fraud investigative reviews, specifically within banking or lending.
• Experienced with reading, analyzing and understanding compliance regulations and required closing documents and disclosures.

Responsibilities

• Responsible for the Quality Control and documentation of loan reviews completed by compliance teams.
• Audit loans for final review of loan documentation for accuracy and completeness.
• Review data captured by compliance in diligence system against source documents to ensure accuracy.
• Review Loan Estimates and Closing Disclosures for compliant changes in fees, update system or issue findings.
• Review compliance test results to ensure accuracy of points and fees data.
• Provide procedures and address issues that may hinder accuracy, timeliness and deadlines.
• Provide coaching, training and development to staff to ensure company and department goals and key performance indicators (KPIs) are met.
• Assist in providing guidance on daily matters and questions regarding underwriting guidelines or compliance questions relating to RESPA (Regulation X), TILA (Regulation Z) and state regulations.
• Ensure any exceptions are captured and recorded for incorrect or missing documentation, data errors, and any discrepancies.
• Maintain communication with internal contacts as necessary to ensure expectations and timelines are met; escalating issues, as needed.
• Apply exceptions and handle validations where necessary while also tracking time spent to ensure a complete and accurate review.

What This Job Offers

• Number of Employees: 101-250 employees