Servicing Compliance Specialist

Primary Residential Mortgage • Salt Lake City, UT

10d

About The Position

The purpose of this position is to perform and manage various processes within
the Mortgage Servicing Compliance Department. As a Servicing Compliance
Specialist, a key responsibility is to manage the intake and research functions
for new state and federal regulations that impact mortgage servicing operations.
In addition, the Servicing Compliance Specialist will work with the servicing
department to collect the necessary information to draft formal responses to
inquiries in a timely manner. Additional daily workflow items will be performed
including project management functions to support the servicing department from
a compliance standpoint. The position requires the ability to manage daily
processes for reviewing and tracking new regulations, communicate effectively
through written communications and working with the various business units to
update required procedures to ensure compliance with regulations.

Requirements

• Excellent verbal and written communication skills
• Skilled in online research and documentation
• Proven record of strong work ethic and attention to detail
• Basic knowledge of laws and regulations such as TILA, RESPA, HOPEA, FACTA, Fair Lending Act, Government (FHA, VA) requirements, state regulations, disclosure requirements, loan document knowledge, and loan flow
• Proficiency in using office equipment and computer systems typically found in the office setting, including Microsoft Office products, virtual meeting platforms, and internet applications
• Ability to work in a team environment and also work independently

Nice To Haves

• Experience and proven ability to draft Policies and Procedures
• Strong technical writing skills
• Regulatory compliance experience
• Experience as a mortgage servicer, underwriter, auditor, processor, or compliance specialist
• Knowledge of MSP Black Knight, federal and state regulations, Fannie Mae, Freddie Mac, FHA, USDA, and VA agency mortgage servicing guidelines

Responsibilities

• Perform the intake, review and tracking of new mortgage servicing regulations
• Assist in drafting new policies and managing annual review processes
• Conduct research on various state and federal requirements for company initiatives
• Coordinate with the Servicing Department and draft formal responses to written inquiries
• Assist with state examinations as needed
• Provide compliance guidance and support to the Servicing Department
• Manage the remediation and tracking of error resolution projects
• Complete regulatory research review projects as needed

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed
• Number of Employees: 501-1,000 employees