Description

The VP, Mortgage Compliance Officer will provide business unit oversight of compliance with primary federal and state regulations and statutes for the mortgage department. This position will work closely with the Compliance Department to ensure compliance of all mortgage-related rules and regulations, in addition, this position will work directly with parties in the collection and reporting of data for departmental exams and audits.

After one year as our VP, Mortgage Compliance Officer, you will know you were successful if you…

• Ensure that Mortgage Department policies and procedures comply with applicable regulatory requirements.
• Work with Marketing, Legal, and Compliance in the marketing and advertising of mortgage products and services to ensure applicable rules and regulations are being followed.
• Develop and monitor key performance indicators for the mortgage department.
• Assist in other areas when needed, such as product and system testing and development.
• Serve as a subject matter expert in key laws and regulations for the mortgage department.
• Monitor and analyze developing trends and changes in applicable mortgage-related laws and regulations. Assist mortgage department management with the implementation of regulatory changes.
• Assist in training mortgage department operations and sales associates on compliance-related matters.
• Review new products and initiatives for compliance with applicable federal and state regulations, statutes, and guidance.
• Assist in state mortgage expansion projects and have knowledge of lending laws in the Company’s lending areas.
• Respond to daily questions from associates throughout the company regarding complex TRID, Regulation B, and other regulatory issues.
• Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities, actively learn new regulations, and assist in the implementation, if required.

Requirements

What we are looking for…

• Minimum of 5 years’ experience in mortgage banking, compliance, lending, or a similar industry that directly correlates to job functions and responsibilities required. 
• Must work closely with the Bank Compliance department on issues relating to mortgage lending.
• Must be able to make decisions regarding compliance requirements and determine potential compliance implications for various situations.
• Must have effective communication (written and verbal) skills to adequately convey reports, findings, etc. related to job function.

Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including Federal Housing Administration (“FHA”) multi-family housing and healthcare facility financing and servicing; mortgage warehouse financing; retail and correspondent residential mortgage banking; agricultural lending; and traditional community banking. Merchants Bancorp, with $17 billion in assets and $14.1 billion in deposits as of December 31, 2023, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Servicing, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.

We are very proud of being recognized both nationally as one of the top-performing public banks in the US. By S&P Global Market Intelligence and locally as a Best Place to work in Indiana for seven consecutive years. Learn more about this read more here.