Compliance Specialist

Compliance Specialist

Reports to: AVP, Servicing Compliance

Location/Schedule: Tonawanda, NY (Hybrid)

The Compliance Specialist will perform assigned duties as a member of the Operational Compliance Team, including the development, analysis, and implementation of policies and procedures and quality control testing to ensure compliance with applicable federal and state laws and regulations in our mortgage lending company.

Essential Job Functions (Duties/Responsibilities)

The Compliance Specialist will have the following duties and responsibilities, including but not limited to:

• Updating policies and procedures as necessary by organizational or market changes
• Execute file testing as it relates to compliance initiatives
• Establishing consistency in Servicing and Asset Management policies, procedures and files in conformance with Fannie Mae, Freddie Mac, FHA and Healthcare guidelines
• Utilize industry resources and outside counsel to ensure Arbor is aware of new compliance mandates and guidelines
• Reviewing and communicating Fannie Mae and Freddie Mac Guide updates through formal company-wide announcements
• Overseeing a centralized repository for staff to access Fannie Mae Guide and Freddie Mac updates, and policies and procedures as it relates to Servicing and Asset Management
• Make process improvement recommendations to help streamline processes
• Executing necessary training of Servicing/Asset Management employees for revised/updates procedures and assisting in the communication strategy for such changes
• Assisting with information requirements as it relates to Fannie Mae and Freddie Mac audits, S & P and Fitch annual reviews, Master Servicer Annual Reviews, site visits and other requests as applicable
• Prepare and distribute quarterly and year-end summary highlights to report results and corrective actions
• Implement, execute, and facilitate training to support Servicing/Asset Management departments

Qualifications

Education: Bachelor's degree in Business Administration, Finance, or a related field.

Experience: Minimum one (1) year of experience in commercial real estate and/or mortgage servicing.

Knowledge/Skills/Abilities:

• Excellent written and verbal communication skills
• Project management skills preferred
• Ability to establish strong partnerships with cross-functional partners
• Proficiency in Word, Excel, Visio and Power Point
• Ability to multitask and self-manage projects
• Basic understanding of the commercial real estate/multifamily market

Travel: Some travel is required.

Arbor Realty Trust, Inc. offers a competitive base salary and discretionary bonus. The starting base salary range for this position is $60,000 to $75,000. The specific compensation that will be offered is based on an understanding of the hired candidates' qualifications at the time of hire. Employees are eligible for a discretionary bonus based on employee work performance reviewed during the course of the year. The total compensation package for this position will also include other elements, a full range of medical, and/or other benefits including 401(k) eligibility and paid time off benefits.

We are proud to be an equal opportunity employer and are committed to maintaining a diverse workforce and an inclusive work environment for our associates, customers and business partners. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability, ethnicity, pregnancy or any other legally protected status. We are committed to working with and providing reasonable accommodations to individuals with disabilities.