Quality Control Specialist - HMDA

Mechanics Bank•Walnut Creek, CA

2d•Onsite

About The Position

Mechanics Bank is seeking a Quality Control Specialist - HMDA to ensure compliance with the Home Mortgage Disclosure Act (HMDA) by accurately collecting, recording, and reporting mortgage loan data. This role acts as the first line of defense, primarily responsible for verifying loans meet criteria, identifying issues, and ensuring company compliance. The specialist will collaborate with various departments to maintain data accuracy and completeness, perform data entry in HMDA Wiz, and prepare/submit HMDA reports. Additionally, the role involves conducting Pre-funding and Funding reviews for all types of residential loans (Conventional, FHA & VA) to ensure compliance with Bank and investor requirements as outlined in the Bank’s Quality Assurance Policies and Procedures. This is an on-site position.

Requirements

High School or GED required.
3 years minimum Mortgage and Consumer Lending; HMDA compliance required.
Strong understanding of HMDA regulations and reporting requirements.
Excellent analytical thinking and problem-solving research and stress management skills.
Detail-oriented with strong organizational skills.
Effective communication and interpersonal skills.
Proficiency in mortgage software such as Encompass, HMDA Wiz and Microsoft Office Suite.
Must be effective in presenting information to small and large groups.
Ability to work effectively without direct supervision.

Responsibilities

Collect and validate mortgage loan data to ensure accuracy and completeness in accordance with HMDA requirements.
Perform risk analysis, data integrity and make decisions regarding deficiencies identified during the review process.
Review and analyze mortgage applications, credit reports, appraisal, income and asset documents to determine accuracy and completeness per guideline requirements.
Ensure that deficiencies captured during the review process are corrected and clearly documented providing a thorough audit trail.
Conduct Pre-funding and Funding reviews of all types of residential loans (Conventional, FHA & VA) and be responsible for ensuring that loans originated are in compliance with Bank’s and investor requirements as set forth in the Bank’s Quality Assurance Pre-Funding and Funding Policies and Procedures.
Prepare and submit HMDA reports to Compliance team, ensuring timely and accurate submissions.
Create QA reports.
Monitor and review loan files for HMDA compliance, identifying and addressing any discrepancies or issues.
Provide training and support to internal teams on HMDA requirements and best practices.
Provide training as needed to educate group/team the details of the Pre-Funding/Funding Audits.
Assist Compliance team with related questions, providing necessary documentation and information.
Develop and maintain policies and procedures related to HMDA compliance, ensuring they are up-to-date and in line with regulatory changes.
Work closely with various departments, including underwriting, fulfillment, sales and compliance, to ensure data integrity and compliance with HMDA requirements.
Projects: as need and as assigned.
Travel 10 - 20%.

Benefits

Medical, prescription, dental, and vision coverage for employees and their eligible family members
Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
Health Savings Account with employer contribution
Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
401(k) and Roth 401(k) with company contribution
529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
Supplemental Health plans, Voluntary Legal and Identity Theft Services
11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
Free personal checking and savings account
Discounted rates on primary residence loan with $0 origination fees (restrictions apply)