TruWest Credit Union

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Mortgage Compliance Auditor I

at TruWest Credit Union

Posted: 3/27/2020
Job Reference #: 20-0002
Keywords: compliance, auditor

Job Description

Requisition Number

Post Date

Mortgage Compliance Auditor I



Summary of Responsibilities:
The Mortgage Compliance Auditor shall assist the Manager of Risk Management and Vice President of Risk Management by ensuring all applicable origination and servicing mortgage policies, procedures, laws and regulations are complied with. The Mortgage Compliance Auditor I will ensure that proper policies and procedures are followed while carrying out the business of the Credit Union within the Mortgage Origination and Servicing Departments.


Bachelor’s Degree. Demonstrated successful experience may be substituted in lieu of a degree.

Five or more years of experience in mortgage underwriting, servicing, and regulatory compliance. Previous auditor and Fannie Mae seller/servicer compliance experience preferred.

Knowledge and Skills:
Maintains and applies a thorough knowledge of audit requirements for mortgage originations, secondary markets, underwriting, marketing, mortgage origination and servicing compliance. Strong Regulatory knowledge, including, but not limited to, Reg B, C, F, N, O, P, V, X, and Z and ability to maintain and evolve to regulatory changes. Knowledge and experience with mortgage servicing and subservicing, loan origination systems, and maintains a thorough knowledge of investor (FNMA), Federal, State and NCUA laws, requirements, regulations, and guidelines for mortgage origination and servicing (including HELOCs). Good organizational skills and able to complete tasks in a timely manner.

Primary Duties and Responsibilities:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Mortgage Pre-Funding, Post-Funding, and servicing reviews.
2. Meet with designated individuals (within and/or outside of Risk Management) as deemed necessary to outline loan defects and findings.
3. Outline, maintain and update Quality Control reports as required.
4. Provide support to Mortgage Origination and Servicing Departments as deemed necessary by Risk Management.
5. Review and recommend policies and guidelines to Mortgage Origination and Servicing to comply with investor and regulatory changes.
6. Timely communication with Risk Management, Mortgage Originations, and/or Mortgage Servicing on issues requiring attention.
7. Maintain and report audit samples and all relevant reporting as outlined in the Mortgage Quality Control Plan.
8. Work with regulators and third-party auditing company as deemed necessary by Risk Management to address any findings or loan defects.
9. Monitor mortgage policies/procedures and provide recommendations on guideline updates.
10. Assist with correspondent loan purchasing and loan transfers.
11. Assist with auditing, processing and tracking post-funding loan submissions, specifically but not limited to, FHLBs WISH (Grant) Program reimbursements, Mortgage Insurance, investor, and third-party audits.
12. Analyze and assess loan quality, specifically but not limited to, the Credit Union’s loan quality and trends within mortgage origination and servicing in comparison to peers.
13. Assist with monthly, quarterly, and annual reporting, specifically but not limited to, Pre-Funding, Post-Funding, and Servicing.
14. Analyze and assess the Credit Union’s performance, specifically but not limited to, data collected internally, obtained from investors, Mortgage Insurance companies, and servicer.
15. Follow Credit Union policies for compliance with all laws and regulations, specifically, but not limited to, the Bank Secrecy Act, Security Policies and Confidentiality Policies.
16. Support additional or routine Risk Management tasks and provide back up support based on Risk Management department needs or as assigned.

Secondary Duties and Responsibilities:

1. Assist in Member complaint management, responses, and escalations.
2. Professional interaction with employees, members, departments and business associates.
3. Performance is in accordance with Credit Union established policies and procedures.
4. Strong written and oral communication skills.
5. Strong organizational skills and able to complete tasks in a timely manner and meet deadlines.
6. Independent thinker with an ability to work with minimal supervision.
7. Maintains a conscientious attitude and works toward achieving department and Credit Union goals and is solutions oriented.
8. Adopts flexible attitude for changes in the workplace, daily work schedules, and co-workers.
9. Maintains a conscientious attitude of ownership, including responsibility and accountability.
10. Good working knowledge of computer programs, specifically but not limited to, Microsoft Office and lending products.
11. Maintains a thorough knowledge of all Federal and State laws and regulations for mortgages.
12. Strong Multi-tasking skills and able to manage multiple loan reviews simultaneously.
13. Manage loan reviews as outlined by management based on business volume.
14. Assist with compliance training related to guideline, NCUA, and regulatory matters.
15. Assist and maintain mortgage packages (disclosures) to keep up-to-date with business and regulatory changes.
16. Performs other duties as assigned.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!