Compliance/HMDA Specialist

Responsible for completing loan audits. Responsible for maintaining appropriate systems to identify regulatory or policy violations. Responsible for creating and/or maintaining required data for various government agencies, such as Home Mortgage Disclosure Act (HMDA) & Community Reinvestment Act (CRA) data. Responsible for assisting with Fair Lending analyses. Serve as Loan Compliance, HMDA, and Fair Lending subject matter expert by providing professional assistance to bank staff/officers.

DUTIES

Loan Compliance

Fair Lending:

• Review loan files and communicate with loan officers to compile loan policy exceptions, guideline exceptions, or pricing exceptions.
• Coordinate with the Deputy Compliance/BSA Officer to prepare quarterly exception reports.
• Coordinate with the Compliance/BSA Team to compile fair lending data, perform research, conduct self-assessments, conduct matched pair analysis, and generate reports.

HMDA (Home Mortgage Disclosure Act):

• Import and/or key HMDA data into HMDA software.
• Review loan files and communicate with loan officers to verify accuracy of HMDA data.
• Clear or verifies quality edits, validity edits, and geocodes to maintain integrity of the HMDA data.
• Maintain the LAR so that data is current & accurate to meet timing requirements set forth in Reg C.

CRA (Community Development Act):

• Maintain the CRA LAR so that data is current & accurate to meet timing requirements set forth in Reg BB.

Compliance Audit/Reviews:

• Reconcile new loans and denied applications to credit reports pulled to confirm action.
• Responsible for performing a review of a sample of loans originated, as well as a sample of loans not originated, for proper documentation, regulatory requirements, and compliance with internal policies and procedures.
• Responsible for performing risk-based regulatory audits.
• Responsible for a secondary fair lending review of non-originated loan applications.

Operational Loan Compliance:

• Research FCRA disputes as outlined by regulation and escalate more complex disputes to the Deputy Compliance/BSA Officer.
• Prepare FCRA response letters for credit dispute responses that are frivolous or irrelevant.
• Review marketing material for compliance with federal and state regulations. Escalate reviews as appropriate.

New Regulation:

• Stay abreast of regulatory changes and new requirements.
• Assist in the implementation of new regulatory requirements.

OFAC Compliance

• OFAC (Office of Foreign Asset Control):

• Coordinate with the Compliance/BSA team to review wire OFAC hits.

Subject Matter Expert:

• Provide professional assistance to bank staff/officers in relation to the Loan Compliance, HMDA, Fair Lending, and FLO.
• Responsible for collecting, communicating, and escalating questions as appropriate.

Other Duties

• Other duties as assigned.

QUALIFICATIONS
Must be extremely detail-oriented and possess strong written and verbal communication skills. The ability to gather and interpret data skillfully is required. The ideal candidate will possess a probing, inquisitive mind and enjoy identifying and solving problems. Three years or more years in loan documentation, HMDA, and compliance experience along with a Bachelor's degree is preferred.

EEO/M/F/Vets/Disabled