Senior Compliance Specialist
Senior Compliance Specialist
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Salary Not Disclosed
1 Vacancy
Job Description
Overview
Spring EQ is a national home equity lender providing flexible and tailored financing solutions directly to consumers with a national network of experienced brokers and partners. Since its founding in 2016 Spring EQ is among the fastest growing and highest-rated home equity financing partners in the United States. Spring EQ offers a broad range of home equity products and delivers a simple and streamlined process that results in faster funding trustworthy loans and less frustration for consumers today. To learn more about Spring EQ visit.
At Spring EQ it is our mission to empower homeowners and buyers to achieve and maximize the value of homeownership in a simple fast and ethical manner. Our values are to
- Be kind and treat all people teammates customers and vendors with respect and consideration
- Be adaptable and embrace change
- Be accountable and take responsibility and deliver the effort to fully complete the task
- Be better and strive for continuous improvement in ourselves our team and the company for our customers
- Be part of the solution and solve problems find the answers and collaborate
- Work hard have fun and get things done
Spring EQ is seeking a Senior Compliance Specialist to join our growing team. This position will report to the Director of Compliance and will play a vital role in supporting our Retail Wholesale Broker and Correspondent business channels. The Compliance Document Specialist supports a variety of functions within the Compliance Department with emphasis on change management including systems integration and compliance regression testing and loan document oversight.
Responsibilities
- Support all business channel loan disclosure and documentation needs including creation of custom documents as necessary
- Manage relationship between Spring EQ and its document vendors
- Serve as primary Compliance Department liaison with both internal software developers and IT vendors
- Perform systems testing on all technology changes updates and software releases prior to implementation and perform regression testing as needed to ensure compliance standards are satisfied identifying any compliance gaps or related malfunctions
- Monitor and identify disclosures and compliance-related issues and provide feedback to management and technology teams to improve operational efficiency
- Oversee the creation and testing of loan document packages for new products and new jurisdictions
- Understand and document interaction between loan origination systems and document vendor platform
- Document change management including development of centralized tracking system for document changes
- All other tasks deemed necessary by management as determined by business needs
Qualifications
- Bachelors degree Commensurate work experience considered
- Minimum 8 years mortgage compliance experience or combined experience in mortgage operations and compliance
- Thorough understanding of the mortgage loan manufacturing process
- Deep knowledge of mortgage lending regulations and industry standards including those governing home equity loans HELOCs non-QM loans and business purpose loans
- Ability to quickly master loan origination system functionality and understand interactions with compliance software disclosures and document packages
- Excellent analytical organizational and communication skills
- Ability to work independently and manage multiple projects
- We worked hard to stay updated with the industry technology; therefore we need our employees to be able to learn new computer systems quickly
- Time is money - At Spring EQ we recognize the importance of working with a sense of urgency. Ideal candidates will possess the ability to thrive in a fast-paced team-oriented environment
- Spring EQ values personal excellence integrity and accountability - we need candidates who demonstrate these qualities in their everyday lives
Benefits
- 401k Company Match
- Commuter Benefits
- Company Holidays
- Credit Union Membership
- Dental Insurance
- Dependent Care Plan
- Disability Insurance
- Employee Assistance Program
- Life Insurance
- Medical Insurance
- Paid Time Off Plan
- Vision Insurance
Spring EQ is an Equal Opportunity Employer. We make all employment decisions based on merit and business needs. If you require a reasonable accommodation at any stage of the hiring or employment process please contact
Required Experience:
Senior IC
Employment Type
Full-Time
