Compliance Specialist

SUMMARY: 

Are you a mortgage industry professional who is passionate about ensuring regulatory excellence and helping organizations stay ahead of compliance challenges? We're looking for a detail-oriented and proactive Compliance Specialist to join our team! In this role, you'll play a key part in maintaining our adherence to federal laws and regulations, supporting internal audits, and guiding our teams through complex compliance matters. If you're ready to bring your expertise to a fast-paced, dynamic environment, we’d love to hear from you!

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Under the direction of Compliance and Legal Umbrella Management:

• Act as a compliance resource and respond to compliance questions from branch offices, other departments, investors, regulators, and others as needed.
• Assist in execution of Compliance Plan by performing various internal and regulatory compliance reviews.
• Investigate potential compliance issues and report findings.
• Research, analyze and summarize state and federal laws, regulations, etc.
• Prepare and maintain regulatory filings.
• Perform research and investigation as necessary to assist with the completion of company reports.
• Assist with audits, exams, and the preparation and completion of compliance reports and follow up to ensure issues are resolved.
• Assist with HMDA data review process and enter information through the QuestSoft program.
• Support Marketing Team and assist with marketing compliance by reviewing marketing materials and providing feedback.
• Assist with staff compliance training (including content development/refinement), maintain training schedules, and track completion.
• Assess compliance-related policies and procedures and make recommendations.
• Assist Compliance and Legal Umbrella Management as needed.
• Administrative duties such as copying, scanning, preparing mailings, etc.

ADDITIONAL DUTIES: 

• Complete any additional duties as assigned by management.
• Complete regulatory and compliance training, as required.
• Assist WMC employees and Departments as needed. 

QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

• In-depth understanding of federal and state mortgage regulations, including but not limited to RESPA, TILA, ECOA, HMDA, FCRA and FHA/VA program requirements.
• Must possess a strong working knowledge of the end-to-end mortgage process from application through closing and post-closing compliance.
• Proven ability to identify, interpret, and apply compliance requirements in a dynamic lending environment.
• Experience collaborating with operations, quality control, and audit teams to implement and monitor compliance policies and procedures.
• Experience with Encompass Loan Origination System.
• Extensive familiarity with regulatory frameworks and with the regulatory environment related to the mortgage lending industry or a related field.
• Extensive experience working with regulators such as FDIC, HUD, or similar and/or state regulators.
• Ability to manage people.
• Familiarity with existing state and federal laws and regulations and proven ability to learn new state and federal laws and regulations related to the mortgage lending industry.
• Ability to conduct investigations and interviews using excellent communication skills.
• Ability to summarize and communicate complex information in written and oral formats.
• Ability to maintain confidential and/or privileged information.
• Ability to work individually and within a team.
• Ability to communicate complex information in plain language.
• Strong leadership skills.
• General administrative skills.

EDUCATION and/or EXPERIENCE: Bachelors degree or equivalent work experience is required. 5 years work-related experience in the mortgage industry or within a regulatory environment is required.

COMPUTER SKILLS:  Encompass LOS, Mavent, Microsoft Office, Excel, and Adobe skills are required. NMLS, QuestSoft, and NContracts experience is preferred but not required.

Individuals in this position shall not engage in loan origination during the course of his/her employment with WMC.  Loan origination is defined as (1) taking a residential mortgage loan application; or (2) offering or negotiating terms of a residential mortgage loan for compensation or gain; (3) advertising or communicating to the public that you can perform loan origination services.  Please see the Loan Originator Compensation Policy for more details on the definition of loan origination.