Sr Leader, HMDA & Fair Lending Analytics

loanDepot • Irvine, CA

4h

About The Position

Responsible for leading the development and execution of fair lending analytics programs to identify, manage, and report on fair lending risks. Oversees the design and maintenance of loanDepot’s HMDA compliance management system to ensure complete, accurate, and timely data collection, reporting, and submission. Provides strategic direction on fair lending compliance, applying expert judgment in establishing internal procedures, interpreting regulatory requirements, and responding to data and analytics requests from internal and external stakeholders.

Requirements

• Bachelor’s Degree required
• a minimum of ten (10) + years of fair lending compliance and analytical experience.
• Minimum of seven (7) + years’ mortgage lending experience in compliance with emphasis on HMDA reporting.
• Minimum of five (5) + years’ experience in the field of mortgage lending compliance and regulatory audit reporting required.
• Experience with Microsoft Office, Excel, and Empower required.
• Advanced knowledge of regulatory reporting software required, specifically Rata Comply.

Responsibilities

• Manages fair and responsible lending analytics program elements, including performance analytics, matched pair testing, redlining reviews, ECOA monitoring, etc.
• Creates reporting of fair lending data to management.
• Develops innovative approaches to identify and monitor fair and responsible lending risk through performance analytics and monitoring initiatives incorporating each of loanDepot’s lending channels.
• Uses the results of lending performance analytics to identify fair and responsible lending risks.
• Prepares findings, analyzes root causes, and identifies systemic, operational, and process issues.
• Reviews and monitors policies, procedures, and internal controls to ensure ongoing compliance with the collection and reporting requirements set forth in HMDA and Regulation C.
• Ensures timely and accurate submission of HMDA data to the Consumer Financial Protection Bureau.
• Submits any necessary resubmission of HMDA LAR data to regulatory agencies.
• Ensures quarterly LAR information is maintained pursuant to HMDA and Regulation C.
• Monitors and evaluates system controls to ensure the accuracy of HMDA data capture, as well as identification of higher risk issues.
• Establishes data integrity testing and protocols to address risks identified through routine monitoring and testing.
• Documents testing requirements in procedures, job aids and scenario guides.
• Ensures a clear auditable trail is maintained for HMDA LAR validation within each loan or application file.
• Prepares written HMDA reports detailing findings and recommendations for corrective actions.
• Maintains up-to-date knowledge of regulations and regulatory guidance, enforcement actions, and industry trends and incorporates this knowledge into ongoing development and maintenance of fair and responsible lending risk management efforts.
• Provides technical guidance, training, information, and analysis to peers and team members.
• Initiates and completes special project assignments, such as due diligence examinations, task force projects, or special ad hoc reviews.

Benefits

• Medical/Dental/Vision
• Wellness program to support both mental and physical health.
• Generous paid time off for both exempt and non-exempt positions.
• tuition reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Senior