What are the responsibilities and job description for the HMDA Specialist position at CorTrust Bank?
CorTrust Bank
The mission of this bank is to profitably deliver high quality customer service that meets the financial needs of our community, its businesses, and its citizens. No line of financial services is beyond our charter.
CorTrust Bank is seeking to add an HMDA SPECIALIST to our team. This exciting position is open to candidates from any of the 31 South Dakota and Minnesota communities we serve.
It's More Than a Job!
When you join one of the region's leading community banks, you can expect a family atmosphere committed to building outstanding teams. We believe in the overall well-being of our employees and work hard to provide the best opportunities for growth. We're proud to offer a competitive compensation package that includes perks like paid time off, insurance (medical, dental, vision, disability, life), Employee Stock Ownership Plan, 401k, and community service opportunities.
The HMDA Specialist will contribute to CorTrust’s mission by ensuring compliance with the requirements of the Home Mortgage Disclosure Act (HMDA). They will review and analyze loan characteristics, pricing, and demographic information to identify and correct errors and ensure the required regulatory data is reported appropriately.
On a daily basis, the HMDA Specialist will:
- Collect, validate, and analyze loan data to ensure compliance with HMDA reporting requirements.
- Review all new loan applications to ensure accurate completion of HMDA reportable data.
- Collaborate with lenders and loan processing staff to obtain proper documentation and to ensure files are completed and scanned appropriately.
- Enter loan data into reporting software and verify accuracy of recorded information.
- Identify and correct all errors within the reported data to ensure accuracy prior to annual LAR submission deadlines.
- Support compliance committee in all other tasks and duties for HMDA compliance and reporting as assigned.
- Utilize resources to stay up to date with regulatory changes related to HMDA reporting.
Required skills and attributes:
- Possesses combination of education and experience to perform primary duties and responsibilities of position.
- Adapts easily to system, process, product, and service changes.
- Advocates for CorTrust in the community, customer experience, and co-worker relationships.
- Ability to reason, problem solve, and think critically.
- Demonstrates high level of integrity, personal diplomacy, and respect.
- Ability to understand and abide by the Bank’s policies and procedures.
- Extensive knowledge of lending industry workflow and regulations is required.
- Ability to manage multiple projects simultaneously.
CorTrust is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
