The Senior Compliance Specialist plays an important role in the organization by performing a number of activities related to the company's Compliance functions. This role is primarily responsible, under moderate supervision, for completion of reviews based on the company's Monitoring Plan, to include testing of loan files for adherence according to state and federal regulations, research of such regulations; apply analysis of regulation research and test results to compliance policies and procedures to determine improved streamline and efficiencies.
Essential Functions
Assist in conducting quarterly monitoring in accordance with the Annual Monitoring Schedule. This includes, but is not limited to:
Pulling together reports from various systems like Motivity, to make selections for loan file testing.
Researching and reviewing forms, disclosures, and other documentation to validate information and ensure compliance with applicable federal and state regulations.
Researching company policy and procedures to determine if process involved in testing in being adhered to.
Maintains up-to-date knowledge of state and federal regulations. Can navigate resources like AllRegs and various states regulation websites to gain knowledge.
Maintain tracking system to monitor results, resolutions and trends.
Participate in fulfilling documentation requests based on findings, collecting business line responses, and tracking of responses on working papers.
Assist with quarterly HMDA data integrity reviews. This includes, but is not limited to:
Conduct quarterly HMDA data integrity reviews, communicate findings and recommendations, and work with department as needed to complete remediation.
Review loan files and other data sources to ensure information being collected and reported for HMDA is complete and accurate.
Ensure necessary corrections and updates to HMDA data to ensure complete and accurate data per HMDA regulation requirements.
Coordinate with the compliance management to ensure filing dates are met for HMDA.
Ensure resolution on outstanding issues in all duties and assist with monitoring ongoing compliance.
Review dual employment requests for Guild employees to determine if requests can be approved.
Provide back up support for Exams when needed.
Provide responsive, courteous, and knowledgeable service to Branches and internal departments.
Use computers to conduct to conduct research, including proprietary systems, subscriber databases and internet resources to resolve issues and verify compliance with regulations.
Escalate issues that represent higher risk/fall outside of scope of responsibility.
Apply analysis to determine whether updated and/or new regulations impact work product; if so, notify compliance management whether any internal policies and procedures must be updated to incorporate new regulations.
Back up complaints as needed.
Perform other duties as needed.
Qualifications
• Bachelor's Degree or college courses/technical training related to Business, Finance, Legal or related field, or a minimum of 3 years of related work experience required. Comfortable in a paperless environment.
• Minimum two recent years previous related experience using the internet, subscribed services and computer programs to research and resolve regulatory/legal issues, in the mortgage industry preferred.
• Complete knowledge of various applicable regulations, specifically: TCPA, RESPA, UDAAP, CAN SPAM, SAFE ACT, TR
