Mortgage Compliance Officer - Remotehybridin-office
Mortgage Compliance Officer - Remotehybridin-office
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Salary Not Disclosed
1 Vacancy
Job Description
Longbridge is excited to be adding to our Compliance Department. This newly created role will be reporting the Sr. Vice President of Compliance and Legal. In this remote role: Mortgage Compliance Officer. The ideal candidate will be asked to ensure compliance with all mortgage banking laws rules regulations and prescribed polices/practices/procedures necessary to reduce risk and uphold ethical standards. The Mortgage Compliance Officer will play a major role in the Compliance Management System (CMS) and will assist with the compliance and risk management monitoring reporting and remediation where appropriate. Ensures the proper compliance training needs are identified and provided to the various business units. Ensure proper controls are in place to collect review and submit HMDA data and Mortgage Call Reports.
Key Responsibilities/Requirements:
- Indepth knowledge of state and federal consumer regulations. This includes all regulations related to mortgage lending including but not limited to Licensing TILA HMDA RESPA UDAAP nonbank CRA requirements and SOX.
- Strong knowledge and experience in Fair Lending analysis and reviews. Prepare reports recommendation remediation if applicable.
- Review regulatory changes and assess how the changes might affect the company. Provides recommendations about necessary policy and procedural changes.
- Manages compliance monitoring programs based on internal/external risk assessments audit findings and exam findings.
- Works with management to create and implement new monitoring programs throughout the organization as part of the CMS.
- Oversee monthly regulatory compliance reviews identifying weaknesses throughout the organization and work with management to identify root causes remediation steps and tracking of the issues.
- Contributes to the compliance training program. This may include identifying training courses webinars etc.; however it may also include creating compliance related training and providing the training through various methods.
- Acts as an internal point of contact for compliance related questions and problems.
- Investigate any compliance breaches manage the resolution process and implement measures to prevent future occurrences.
- Attends and participates in the various committee meetings. This includes but is not limited to attending the committee meetings presenting updates and completing takeaway tasks as assigned by the committees.
- Assists with the audit functions including the coordination of internal audits with audit firm and internal business unit. Additionally may be responsible for coordinating the request lists with the business units.
- Participate in SOX related diligence projects and related audits.
- Assists with the BSA/AML/CIP/OFAC program when needed. This may include completing Suspicious Activity Reports.
- Reverse mortgage experience is a plus.
Qualifications :
- Bachelors degree is required with a minimum of five 5 in a midlevel mortgage compliance role with a financial institution. CRCM designation a plus.
- Experience in managing compliance staff with strong interpersonal skills preferred.
- Extensive knowledge in mortgage banking and consumer compliance laws and regulations.
- Ability to form effective relationships and achieve influence at the most senior level in the organization.
- Proactive motivated strong attention to detail and proven track record in building good working relationships throughout the organization.
- Strong track record of effectively assessing and managing competing priorities to deliver high quality and timely work.
- Experience managing or participating in exam management and communicating directly with regulators as the key point of contact for compliance.
- The ability to work independently as well as in a team environment.
- A strong sense of understanding when issues require escalation.
- Working knowledge of the Microsoft Office Suite of products with the ability to learn / adapt to dedicated software.
- Analytical writing skills with strong verbal and written communication skills.
Additional Information :
- Full benefits
- 401(k) with company match
- Paid time off
- Working in a growing and dynamic industry
- LBF is an EEO/AA/Vet/Disabled Employer
- Please note that salaries that are estimated on various job sites may not reflect the actual compensations. Job sites set the estimated salary not Longbridge Financial.
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Remote Work :
Yes
Employment Type :
Fulltime
Employment Type
Remote
