The Compliance Officer will directly be responsible for planning, executing and managing all regulatory and compliance efforts within the organization.
Monitor laws and regulations related to residential mortgage banking
Provides advice, guidance and insight to Senior Management and staff personnel on emerging compliance issues and consults the company in establishment of controls to mitigate risk
Provides assistance to various departments in the formulation of forms and disclosure documents for compliance with all policies and procedures.
Implement any necessary additions or changes to company policies and procedures. Work closely with managers to review and update all policies and procedures at least annually.
Oversee and monitor ongoing training programs to ensure compliance with federal and state laws and regulations, and company policies and procedures.
Manage the company’s required HMDA reporting and ensure the data is error free prior to the annual filing deadline.
Research and coordinate responses to customer complaints received directly or through regulatory agencies or the BBB.
Act as primary contact for regulatory exams. Coordinate the gathering of documentation requested by examiners. Draft responses to exams, with input from department managers as necessary. Ensure any agreed upon corrective actions are implemented.
Oversee loan officers licensing under SAFE Act
Minimum five (5) years in the mortgage compliance industry
Knowledge of all relevant federal and state residential mortgage including but not limited to TILA, ECOA, HMDA, RESPA, GLBA, SAFE Act and FCRA
Experience performing researching and writing on a variety of rules, regulations and updates.
Demonstrates excellent internal/external customer service skills.
Resourceful and motivated
Ability to manage complex assignments independently while working effectively as part of a team.
Very attentive to detail and should have excellent writing and verbal communication skills