Compliance Specialist, Lending

Job Description:  The Compliance Specialist, Lending primary responsibilities will be to serve as the Bank’s HMDA (Home Mortgage Disclosure Act) and Lending Compliance Subject Matter Expert, reporting directly to the Banks Chief Compliance Officer. Additionally, the individual in this role will be responsible for developing, implementing, and administering all aspects of the Bank’s Compliance Program as assigned.

Essential Functions: 

• Responsible for preparing and submitting the Banks HMDA LAR on an annual basis. Includes monthly scrubbing of entries made on the LAR.
• Prepares and provides data reports on home improvement, home purchase and refinances of dwellings under HMDA. These reports are submitted to the Bank’s Board of Directors on a Quarterly basis.
• Monitors changes to HMDA regulation and assists Compliance Director with disseminating changes in policy and practice to applicable bank staff through training seminars and reading materials.
• Analyzes consumer, commercial, and real estate loans and renewals from customer applications, determining loan qualifications for HMDA.
• Enters compiled data from the completed and processed loan forms into the Banks HMDA Data entry software, NLending.
• Reviews denied and withdrawn real estate loan applications to determine if they are HMDA reportable and ensures adverse action notices are accurate and complete.
• Assists with fielding questions and concerns, and services requests associated with HMDA and other consumer and commercial real estate lending compliance needs. Provides bank staff with guidance and supporting documentation as appropriate.
• Works closely with the Head of Mortgage to review and analyze the following:
  • • Small Servicer Annual Qualifications
    • HMDA annual closed and open-end loan counts
    • HELOC Annual Total Count
    • Update ATR/QM Policy

• Renew the Banks LEI registration on an annual basis.
• Ensure compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.
• Maintain a proficient knowledge of all applicable banking rules and regulations
• Assist Compliance Director with conducting periodic and ongoing testing of compliance with laws and regulations and develop corrective action plans where applicable.
• Assist Compliance Director in advising bank personnel in the area of lending compliance including attending applicable loan department meetings for compliance coverage.
• Ensure compliance with all applicable reporting and recordkeeping requirements.
• All duties as assigned.

Knowledge & Experience:

• Attention to detail
• Math aptitude
• Ability to interact effectively with other bank personnel, management and co-workers
• Sound judgment, courtesy, tact and diplomacy
• Proficient with MS Word, Excel, Outlook and Internet navigation for research purposes
• Knowledge of compliance laws and regulations
• Knowledge of bank operations and procedures
• Have a high level of accuracy and problem-solving skills
• Excellent verbal and written communication skills
• Self-starter; ability to work effectively without direct supervision
• Excellent organizational and time management skills

Education/Training:

• Five or more years’ experience working directly with HMDA and Consumer Real Estate in a financial institution, either in a lending or compliance position capacity or Five or more years’ experience working in Lending Compliance (Consumer and Commercial Lending).
• Data Mining Experience is a plus.
• Banking certifications are a plus (CRCM, CAMS, etc.)

Personal Attributes:

• Effective interpersonal skills and relationship-building skills
• Strong written and oral communication skills
• Self-motivated and directed
• Keen attention to detail
• Experience working in a team-oriented, collaborative environment
• Strong customer-service orientation

Status/Standard Schedule:  Salary position Monday through Friday between the hours of 8:00 a.m. to 5:00 p.m.