Mortgage Compliance Specialist

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At Gesa, we believe in the power of our people. Coming from all walks of life, our team members' individual stories and unique experiences are our most valuable asset. But it's how we come together, igniting our collective compassion and commitment to empowering our communities, that makes us succeed. Because we know we go further when we go together.

Here you can join a team who is passionate about serving others, has a desire to do good, and shares a deep love of people. You can engage in meaningful work that impacts your community. You can challenge yourself and grow in your career. And, you can rest assured that your wellbeing and prosperity are our priority.

Get to know us: About - Gesa Credit Union

Role Summary:

Under the direction of the VP of Home Loans, the Mortgage Compliance Specialist will serve as the subject matter expert for all regulatory matters and compliance initiatives related to mortgage lending. This role will provide research, interpretation and guidance related to RESPA (Reg X), TILA (Reg Z), ECOA, TRID, HMDA (Reg C), FACTA, and other applicable federal and state regulations. Duties include compiling appropriate information for reporting purposes and providing direction to others to ensure compliance with regulations.

What You Will Be Doing:

• Monitor daily Initial Disclosure Report for new applications that have not been disclosed within three business days. Notifying necessary parties of loans approaching required three-day TILA-RESPA deadline
• Monitor and process all loan cancellation, withdraw, and decline requests received through the Mortgage Service Desk ticketing system within required regulatory timeframes
• Review loans that have funded/withdrawn/denied etc. quarterly to ensure accuracy
• Monitor monthly reports to identify and correct HMDA errors. Report on potential concerns about non-compliance with HMDA regulatory requirements to management
• Complete quarterly NMLS audit for all mortgage staff registered with an active Loan Originator ID on the NMLS (Nationwide Multistate Licensing System). Communicate with Internal Audit any changes that need to be made
• Act as a backup for the SAFE Act/NMLS monitoring for the Credit Union
• Prepare and submit accurate final HMDA LAR data quarterly and annually by the required deadline set forth by the FFIEC (Federal Financial Institutions Examination Council)
• Ensure organizational standard procedures are maintained for the end-to-end process of collecting, recording, and reporting on HMDA reportable loans
• Partner with Internal Compliance during all state or federal agency audit examinations regarding inquiries related to applicable regulations
• Manage all prefunding and post funding audits through TENA
• Monitor and report to the Mortgage Electronic Registration Systems
• Perform quarterly audit on a random sampling of loans for adherence to federal and state regulations. Provide timely documented findings to management
• Perform quarterly audit on all funded loans secured by a property located in a Special Flood Hazard Area (SFHA). Provide timely documented findings to management
• Assists with development of checklists, policies, and procedures as assigned by management
• Ensures all mortgage policies, procedures and documents are reviewed annually to confirm accuracy
• Monthly review of new and upcoming compliance changes to ensure compliance with Fannie Guidelines, FHA, VA etc.
• Partner with Internal Marketing Department to ensure compliance with all applicable regulations on mortgage marketing materials
• Keeps the team informed of any compliance issues current or upcoming
• Assist Internal Vendor Management with accurate set up of new vendors
• Assist mortgage personnel with inquiries regarding compliance related matters
• Stay up to date and informed on regulatory changes regarding all applicable regulations. Provide training to mortgage staff as needed
• Process all of the Mortgage Service Desk items
• Display mutual respect, trust, and dignity, while acting in the best interest of the credit union following all policies and procedures as expected by management. Lead by example by always displaying solid ethics and integrity
• Maintain and protect all sensitive data utilizing the highest standard of confidentiality and professionalism
• Willingly perform other job-related projects and duties as assigned, self-initiating assistance to team members when appropriate

About You:

• Strong working knowledge of RESPA (Reg X), TILA (Reg Z), ECOA, TRID, HMDA (Reg C), FACTA, and other federal and state regulations applicable to mortgage lending
• Strong attention to detail and accuracy
• Excellent collaboration, communication, and negotiation skills to effectively manage compliance reviews and communicate regulatory changes
• Well-organized with the ability to manage multiple tasks and work to time sensitive deadlines
• Exceptional ability to collect data, define problems, establish facts, and draw valid conclusions
• Consistently display interpersonal skills to relate effectively and professionally to peers and all levels of management
• Excellent written and verbal communication skills