This is an in-office position based out of Ent Credit Union Headquarters in Colorado Springs. This is not a fully remote eligible position.The purpose of the Mortgage Loan Compliance Analyst position is to collaborate with the Management and Senior MLCAs to provide an independent, consistent, systematic, and thorough process to assess mortgage loan quality and compliance. The Mortgage Loan Compliance Analyst will coordinate with Mortgage Lending Managers by analyzing processes, reports and lending systems to ensure that compliance and credit quality requirements are being met on every mortgage loan and in a manner that is within regulatory, governmental, and secondary marketing guidelines. They will monitor changes in compliance and credit requirements in order to create appropriate written action plans, suggest updates to policies and procedures, and audit documentation. They will coordinate with managers, supervisors, and trainers to determine and implement creative solutions for recurring deficiencies and audit findings.
Essential Functions Mortgage Loan Compliance AnalystMortgage loan review analysis: Provide an independent analysis, per agency and investor guidelines, of mortgage loans to include pre-funding, closing, post-closing and servicing audits as well as adverse actions. Review loan files from loan origination, processing, underwriting, closing and servicing to guarantee investor, FHA, VA and regulatory guidelines are met.Compliance review analysis: Review compliance questions from staff members in regards to disclosures, rate lock requirements, compliance engine fails, adverse action processes, HMDA etc. - research regulations and guidelines as necessary. Provide necessary updates for policies and procedures as well as analyze all lending processes and systems for compliance weaknesses and initiate any necessary changes. Verify appropriate reporting of HMDA quality and validity errors.Manage third party quality control vendors that pertain to the Compliance department: Direct and assess quality control vendors, contracts, policies, cost/benefit, their timeliness and accuracy, direct the rebuttal process, compilation of findings and developing of reports in order to assess staff training needs related to loan origination, processing, underwriting, closing and servicing mortgage loans, and to warrant third party vendors meet service level agreements.Delinquency quality control - Conventional, FHA and VA loan products: Oversee quality control efforts ensuring they are sufficient. Perform independent analysis of Collections Department activities and provide regular reports and determination of severity of deficiencies.Assist with annual recertification process: Assist with the collection of all required documents for annual internal audit and re-certifications. This allows the Mortgage Lending department to manage total risk while allowing the Credit Union to have a portfolio with a product mix conducive to the needs of the members and allows for the continued authorization and approval to originate loans with investors.Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.The purpose of the Mortgage Loan Compliance Analyst Senior position is to collaborate with the Manager of Compliance and Quality Control to provide an independent, consistent, systematic, and thorough process to assess and identify mortgage loan quality and compliance. The Sr. Mortgage Loan Compliance Analyst will coordinate with Mortgage Lending Managers by analyzing processes, reports and lending systems to ensure that compliance and credit quality requirements are being met on every mortgage loan and in a manner that is within regulatory, governmental, and secondary marketing guidelines. They will monitor changes in compliance and credit requirements in order to create appropriate written actions plans, suggest updates to policies and procedures, and audit documentation. Sr. Mortgage Loan Compliance Analyst will be responsible for the analysis of all Mortgage Lending areas to determine effectiveness of training and technology as it relates to compliance and safety/soundness requirements. They will coordinate with managers, supervisors, and trainers to determine and implement creative solutions for recurring deficiencies and audit findings.
Essential Functions Mortgage Loan Compliance Analyst SeniorMortgage loan review analysis: Provide an independent analysis, per agency and investor guidelines, of mortgage loans to include pre-funding, closing, post-closing, and servicing audits as well as adverse actions. Review loan files from loan origination, processing, underwriting, closing, and servicing to guarantee investor, FHA, VA, and regulatory guidelines are met.Compliance review analysis: Review of compliance questions from staff members in regards to disclosures, rate lock requirements, compliance engine fails, adverse action processes, HMDA, etc. - research regulations and guidelines as necessary. Provide necessary updates for policies and procedures as well as analyze all lending processes and systems for compliance weaknesses and initiate any necessary changes. Verify appropriate reporting of HMDA quality and validity errors.Manage third-party quality control vendors that pertain to the Compliance department: To direct and assess quality control vendors, policies, their timeliness, and accuracy, direct the rebuttal process, a compilation of findings, and develop reports in order to assess staff training needs related to loan origination, processing, underwriting, closing, and servicing mortgage loans, and to warrant third-party vendors meet service level agreements. Develop project timelines, create vendor questionnaires, and coordinate with project Leads, managers, and vendor selection committee to lead successful and efficient project completion for Compliance.Coordinate training, resources, and Compliance staff responsibilities: Coordinate training, workstation set-up, and staff responsibilities. Work with the department manager to supervise and mentor junior staff and temporary employees in the compliance department.Delinquency quality control - Conventional, FHA, and VA loan products: Oversee quality control efforts ensuring they are sufficient. Perform independent analysis of Collections Department activities and provide regular reports and determination of the severity of deficiencies.Lead the annual recertification process: Manage the collection of all required documents for annual internal audits and re-certification. This allows the Mortgage Lending department to manage total risk while allowing the Credit Union to have a portfolio with a product mix conducive to the needs of the members and allows for the continued authorization and approval to originate loans with investors.Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.
