Director, Originations & Systems Compliance
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Job Location:
Irvine, CA - USA
Monthly Salary:
$ 124000 - 170500
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Description
Position at loanDepot
Position Summary:
Responsible for leading the originations and systems compliance team and serve as the Companys mortgage
originations compliance subject matter expert including TRID Qualified Mortgage Rule state compliance and
federal/state disclosure compliance requirements. Oversees the companys compliance inbox and serve as the
originations compliance escalation point for Sales and Operations leadership. Prepares originations compliance
reporting and provide originations compliance support for examinations and GSE/investor reviews. Provides
compliance guidance for new product and product enhancement launches including oversight of compliance
user acceptance testing of systems disclosures and other requirements.
Responsibilities:
- Oversees the Companys mortgage originations and system compliance testing team.
- Serves as the Companys mortgage originations compliance subject matter expert and advise sales and
originations on compliance requirements including TRID Qualified Mortgage rule state high-cost
requirements and fee requirements.
- Manages the team that provides compliance guidance to loan officers on curing regulatory compliance failures.
- Serves as the escalation point for Sales and Operations leadership to resolve complex originations compliance issues including disclosure timing issues.
- Ensures the companys compliance engines are configured appropriately when there are system changes or new legal and regulatory requirements.
- Provides compliance guidance for the deployment and expansion of mortgage products.
- Provides originations compliance support for regulatory examinations and GSE/Investor reviews including but not limited to drafting responses to exam requests.
- Utilizes knowledge of investor/agency and compliance guidelines for government and agency loans to ensure standards are consistently met.
- Prepares compliance report relating to originations compliance and the compliance inbox statistics.
- Provides specialized compliance guidance tailored to the business channels (Retail Direct Joint Venture or Wholesale).
- Completes compliance risk assessment sections relating to mortgage originations
- Performs other duties and projects assigned.
Requirements:
- Bachelors Degree required and a minimum of ten (10) years mortgage originations compliance experience required.
- Minimum seven (7) years of compliance management experience required.
- Thorough knowledge of loan origination systems (LOS) including Empower.
- Extensive experience configuring originations compliance engines including Mavent and ComplianceEase.
- Strong expertise in TRID Qualified Mortgage rule and state high-cost compliance.
- Experience leading the deployment of new regulatory change requirements impacting systems and operations (in partnership with legal business and IT counterparts).
Why work for #teamloanDepot:
- Aggressive compensation package based on experience and skill set.
- Inclusive diverse and collaborative culture where people from all backgrounds can thrive.
- Work with other passionate purposeful and customer-centric people.
- Extensive internal growth and professional development opportunities including tuition reimbursement.
- Comprehensive benefits package including Medical/Dental/Vision.
- Wellness program to support both mental and physical health.
- Generous paid time off for both exempt and non-exempt positions.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010 loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier faster and less stressful to purchase or refinance a home. Today loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of lifes most complex transactions. With headquarters in Southern California and offices nationwide loanDepot is committed to serving the communities in which its team lives and works through a variety of local regional and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $124000 and $170500. Your base pay will depend on multiple individualized factors including your job-related knowledge/skills qualifications experience and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race religion color national origin gender sexual orientation age marital status veteran status or disability status.
Required Experience:
Director
Key Skills
- Abinitio
- Apprentice
- Dermatology
- Cost Estimation
- Data Networking
- Liaison
About Company
Apply for your mortgage or refinance online with loanDepot. Trust the second largest non-bank lender in the country to provide you with quality mortgage lending and refinance services in all 50 states.
