Responsible for conducting reviews, performing risk assessments, coordinating with management to keep staff apprised of regulatory changes. Coordinating with compliance, providing advice on regulatory requirements and controls, contributing to updating Credit Union policies, and support training efforts, as needed. Under the direction of the Real Estate Lending, Closing and Servicing management, assists with periodic testing/monitoring of compliance with laws, regulations and operational areas primarily pertaining to residential lending. Aids in the development, enhancement and execution of monitoring and testing programs for compliance processes, procedures and controls. Develop corrective action plans, which include policies and procedures, to minimize violations and prevent systemic compliance issues. Support business line management on a day-to-day basis by answering questions and conducting necessary research on current business and proposed projects. Assists management in the proper resolution of any noted deficiencies discovered in connection with reviews, monitoring, and testing, conducted by external entities including, but not limited to internal and/or external auditors, NCUA, Fannie Mae, regulators (Consumer Financial Protection Bureau, etc.), and other third parties.

Compliance Resource - Provides day to day compliance advice related to mortgage loan origination including, RESPA, TILA, ECOA, SCRA, UDAAP, HMDA, State and Fannie Mae Guidelines.
Regulatory Change - Monitors and analyzes for regulatory changes related to mortgage origination. Assists in the implementation of such changes.
Fair Lending - Utilizes necessary tools to analyze data to uncover and document any disparities compared to CU peers, identify compliance outliers and develop reporting structure to RE Lending Management.
External Reviews and Regulatory Examinations – Assists in the management of external compliance reviews and regulatory examinations.
Change Control - Provides QA and compliance guidance with regard to new and modified products and services, changes in policies and procedures, revisions to disclosures and account agreements, and changes to systems or operations.
Audit Reviews - Conducts data and documentation reviews, prepare audit documentation and conclusions, discuss potential issues with department managers and prepare audit finding to RE Lending Management.
Quality Control – Underwriting - Performs Pre-Funding and Post- Closing quality control (QC) file reviews to ensure compliance with secondary market guidelines and federal/state regulations.
Requirements
Four-year business-related degree. Equivalent experience may be substitute for degree.
Minimum 5-7 years of experience in residential mortgage banking compliance or operations, including an understanding of the responsibilities of each department in a mortgage banking operation.