Loan Compliance Analyst

Description

Cornerstone Bank was formed in 2017, born of a long history of supporting the community, and providing a strong foundation to help people and businesses thrive. Serving Worcester County, Cornerstone Bank's local presence and community-based banking model enables a unique ability to deliver outstanding service, with a personal touch. Cornerstone provides the highest level of service and expertise for individuals, businesses, and community organizations with branch locations throughout Central Massachusetts.

Cornerstone Bank is committed to providing a collaborative workplace where innovation, teamwork, accountability, and excellence are recognized and where employees are encouraged to broaden their skills, seek opportunities for professional development, serve their community, and provide outstanding customer service with each encounter.

Being a part of the Cornerstone team has many great benefits and perks. This includes a competitive pay, a generous student-loan paydown program, comprehensive benefit package including, medical, dental, vision insurance and even pet insurance! We offer a 401(k) plan with an employer contribution and match, success-sharing bonuses, paid time off and more!

If you are looking to join a team that is committed to your ongoing professional growth and development, we are looking forward to speaking to you!

Position Overview

Join our team as a Loan Compliance Analyst and play a pivotal role in safeguarding our lending operations. In this dynamic position, you'll provide expert guidance on local, state, and federal regulations, support strategic initiatives, and collaborate closely with production and servicing teams. You'll be at the forefront of compliance-conducting quality control reviews, analyzing trends, and implementing impactful training to drive continuous improvement. If you have a strong grasp of mortgage lending regulations, a sharp eye for detail, and a drive to make a difference this could be the perfect role for you! This position is Hybrid with 2 days in office after initial training period.

• Perform system Validation- Conduct thorough validation of system functionality to ensure compliance with technical and business requirements
• Reviews technological system enhancements and provide feedback on functionality and added efficiencies
• Learn and apply federal and state lending regulations, including but not limited to Reg B, HMDA, and Fair Lending practices
• Ensure accuracy by collecting and validating HMDA data in the loan origination system.
• Lead the charge on HMDA LAR accuracy checks and annual submissions.
• Conduct quality control reviews on both originated and non-originated loans-pre-funding and post-closing.
• Work closely with the Retail Lending department and compliance teams to ensure loan files are complete and accurate and to contribute a positive and productive work environment
• Provide outstanding customer service to internal and external customers via phone, email, or in person
• Utilize loan origination systems and document management tools to maintain loan files and track application progress
• Support team projects and initiatives related to efficiency, compliance, and process improvement
• Participate in team huddles, projects, and culture-building initiatives.
• Stay current with training modules and development plans as part of the onboarding and learning path
• Monitor regulatory updates and assist in implementing required changes to policies, procedures, and systems.
• Support documentation review, loan file maintenance, and cross-department collaboration
• Act as a loan generalist across origination, processing, and servicing functions.
• Other duties as assigned.

Requirements

• Strong communication skills - able to express ideas clearly in both written and verbal formats
• Collaborative mindset - thrives in team environments and builds positive working relationships
• Willingness to learn industry regulations and internal systems
• Detail-oriented and organized - manages tasks efficiently and ensures accuracy in all work
• Analytical thinker - uses data and insights to identify trends, solve problems, and improve processes
• Adaptable and self-motivated - works well independently and navigates complex systems with ease
• Project management skills -ability to juggle multiple priorities and meet deadlines effectively
• Tech-savvy - comfortable using Microsoft Office Suite and learning new systems as needed

Education/Training/Experience

• High school diploma or equivalent required; Associate's or Bachelor's degree in Finance, Business, or related field preferred
• No prior loan experience required - we provide comprehensive training