Compliance Specialist

Compliance Specialist

This position is onsite in Berea, KY.

Fahe is building the American Dream. Join our growing team working to increase opportunity and investment in our underserved communities! Our unique collaborative model connects a Network of local, regional, and national leaders, all working together to ensure no community is left behind. Since our inception in 1980, the Fahe Network has served 687,183 people, made $1.05 billion in direct investments, and achieved a total cumulative financial impact of over 1.6 billion dollars in Appalachia.

Job Summary:

This position has primary responsibility for the continued maintenance of Fahe’s Single Family Lending compliance needs. Assists in the development and implementation of compliance programs for the division. Assists in the monitoring of business activities for compliance with applicable rules and regulations. Ensures operating manuals and procedural documents stay current when regulations change. Responds to inquiries from regulatory agencies and completes required compliance documentation and reporting. Ensures Fahe maintains good standing with all licensing and investor requirements.

Essential Duties and Functions:

• Represents Fahe in the most positive manner with prospective, former and current Members, clients, suppliers and the community we serve. Interacts effectively with a diverse group of staff and customers of our services.
• Fahe is building the American Dream. Our unique collaborative model connects a Network of local, regional, and national leaders all working together to ensure that no community is left behind.

• Handles confidential information with tact and discretion.
• Communicates necessary updates to all single family lending staff, as well as Brokers and Partners as required.
• Provides training for Fahe single family lending staff, as well as Brokers/Partners, to ensure loan files continue to meet division and industry requirements
• Serves as point person for all internal and external audits conducted on Fahe Single Family Lending division
• Attends various training sessions in order to keep current on needed certifications and education to include NMLS license.

• Remains informed of all government regulations, requirements, and laws for both office and broker submissions.
• Responsible for checking accuracy of calculations for repayment on reviewed files. Must have the ability to analyze both personal and business income.
• Completes Vendor Management requirements for the Single Family Lending division.
• Maintains all JCL Loan Policies, Procedures, and Checklists, updating as necessary based on industry and department changes
• Maintains Change Management forms for all departmental updates as necessary

• Serves as point of contact for compliance matters. Ensures both pre- funding and post- closing/quality control deficiencies are cured
• Keeps JCL staff up to date on process changes necessary to maintain compliance.
• Completes monthly Underwriter Scorecard to ensure all Fahe approved Underwriters are meeting compliance requirements
• Serves as point of contact for all compliance matters involving renewals and audits, including but not limited to HUD, USDA, Investor, Broker, and DFI.
• Provides initial look and suggestive action for all Broker Lite, Standard Broker, and Correspondent Approvals and Renewals

• Completes department reporting to include but not limited to, monthly closed loan report review, MERS, NMLS, HUD, Grant, File storage
• Maintains department training tracker
• Maintains compliance review of Byte systems to include print sets and documents required
• Reviews and provides feedback on all Correspondent purchase requests. Ensures files meet all necessary requirements for purchase by either GSE.

Requirements for this position include:

• Ability to work independently and collaboratively;
• Excellent customer service approach with ability to multi-task;
• Articulate; Self-motivated
• Strong organizational skills with strict attention to detail;

• Excellent written and verbal communication skills,
• Demonstrate a professional demeanor;
• Ability to retain and adapt within a consistently changing environment
• Knowledge and proficiency working with MS Office applications.
• Basic Administrative Duties, Basic Office Equipment Usage

• Knowledge of Federal housing programs, laws and regulations, grant programs, compliance monitoring, and reporting software.
• Time Management skills, ability to work with a diverse group of external and internal contacts at various levels.

Preferred Education and Experience:

• Preferred Industry experience, 1-3 years; High school diploma or equivalent, required.

For the past four years, our staff nominated Fahe as one of the top 100 Best Places to Work in Kentucky. Fahe is an Equal Opportunity Employer seeking applicants who can bring diverse viewpoints, experience, talents, and culture to promote our organization’s mission of building the American Dream. We offer a diverse work environment with competitive salaries and excellent benefits. Visit www.fahe.org to learn more about Fahe.