Sr. Compliance Officer (Mortgage)

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Job description

Job description

This position would be one of the subject matter experts (SME) on operational risk and control matters by developing/maintaining strong positive working relationships with staff, peers and other risk partners including senior management. Provide feedback to legal counsel around development/monitoring of risks, control testing, remediation and reporting of significant risk and control issues. Be involved in day-to-day Compliance questions from all sides of the business. Provide specialized authoritative advice and consultation on current and emerging regulatory compliance requirements. It would be important to proactively anticipate and respond to regulatory changes, assessing the impact to the business and providing advice to legal so that responding to the change can occur. This position requires a solid understand of regulatory compliance including knowledge of TRID, RESPA, Federal and State regulations and how those laws & regulations pertain to loan origination business. You will be working with experienced senior managers of the Company who expect high level of expertise and practical knowledge of mortgage operations in addition to compliance expertise. However, this position does not involve managing of staff. This is not a remote position, but a balance between working certain days from home and certain days in the Company headquarters in Tustin, CA is allowed for this position. This position will report to Company's Assistant General Counsel - Compliance.

Duties:

• Be a leader in ensuring continued compliance with laws and regulations that affect the firm's Origination operations (including but not limited to RESPA, Dodd Frank, ATR/QM, "Know Before Your Owe" (aka TRID), HMDA, etc.
• Participate in creating and maintaining existing Compliance Policies and Procedures pertaining to retail operations.
• Provide responses regarding daily questions to the "Compliance Inbox" from staff members throughout the company regarding complex TRID, company policies and procedures and regulatory questions as well as how to interpret Mavent reports
• Review marketing materials
• Assist Vendor Management team with compliance issues and perform compliance review of vendors
• Assist with agency and federal examinations of the Company
• Provide support on investor exams including HUD, VA, USDA, FNMA and FHMLC

Skills Required:

• Bachelor's Degree (BA or BS)
• 5-10 years of current mortgage related compliance experience
• Excellent knowledge and practical implementation experience with all major changes that affected mortgage industry in the last 10-12 years (including but not limited to 2010 RESPA Reform, Dodd Frank, ATR/QM, "Know Before Your Owe" (aka TRID), HMDA Reform, etc.)
• Good balance between operational and legal compliance experience (e.g., the candidate must be able to advise staff on issues ranging from drive reports, agency requirements and what fees are not allowed in Iowa)
• Excellent knowledge of LOS Encompass and its compliance engine Mavent. Years of experience in interpreting Mavent reports and advising staff how to resolve issues in loans originated through Encompass.
• Experience with all levels of examinations (state, agency, the CFPB), and
• Working understanding of CMS.
• Ability to handle multiple projects if needed
• Strong business acumen with ability to work with people having a diverse background.
• Ability to build relationships across the organization.
• Proficient with Microsoft Office Products. (Excel, Word, Outlook, Power Point)
• Ability to work within a team environment as well as independently
• Effective communicator both written and oral.
• Strong listening skills.

Other Duties:

This job may require frequent sitting or standing for long periods of time. This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.

Work Authorization: Must be able to verify identity and employment eligibility to work in the U.S.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.

[EOE/M/F/D/V. Drug-free workplace.]

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