Corporate Job Bank
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Mortgage Compliance Specialist
at Corporate Job Bank
The Compliance Specialist (CS) is responsible for daily oversight of the Quality Control Program (Program) which includes collaborating with the Company’s QC vendor to ensure prefunding and post-closing audits are conducted in compliance with regulatory, investor, and agency guidelines.
The CS responds to findings, identifies systemic risks and monitors the Program to ensure sound practices are utilized to enhance quality and improve effectiveness. The CS works closely with the VP of Compliance to test processes, implement corrective action when necessary, and monitor accordingly.
§ Manage Program which includes collaborating with QC vendor to ensure production reports and loan files are exchanged, auditor’s findings are reviewed, findings are rebutted when warranted and any patterns in findings are identified
§ Perform internal audits to identify other threats and determine possible cause
§ Identify trends in audit findings to ensure proper controls are implemented, tested and monitored
§ Provide management summaries detailing potential concerns and recommending corrective action
§ Identify, assess and respond to fraud indicators, purchase defects and early payment defaults
§ Prepare policy and procedural change recommendations to enhance risk mitigation strategies
§ Perform random pre/post-closing file reviews to ensure vendor is in compliance with Program guidelines
§ Remain current with QC procedures, industry trends and red flags
Perform other duties as assigned which may include, but are not limited to, ECOA notifications, pipeline management, disclosure management, fair lending analysis, HMDA submissions, AML investigations and NMLS licensing