Compliance Analyst- Originations

Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.
We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
 

The Compliance Analyst - Originations supports the Company’s compliance management plan through the execution of compliance testing, preparation, and monitoring of compliance reporting, and assisting the various lines of business in the development and implementation of policies and procedures to comply with the federal, state, and local laws and regulations.

Duties and Responsibilities

• Support all aspects of the Company’s compliance initiatives, including assisting in the development of policies, procedures, test plans, reports, and technology requirements, to comply with the company’s compliance various requirements, including Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), Gramm-Leach-Bliley Act (GLBA), Home Mortgage Disclosure Act (HMDA), Security and Freedom Enhancement Act (SAFE Act), and any applicable state specific consumer protection and lending laws.
• Assist in the preparation and execution of the Company’s compliance risk assessments and development of compliance test plans.
• Support the Company’s various lines of business by addressing day-to-day compliance matters, including but not limited to answering routine to non-standard questions, identifying, and/or resolving issues, and when applicable, escalating key issues to management.
• Provide compliance support and oversight for the Company’s new product and program launches.
• Assist in the preparation and submission of key compliance reporting requirements, including but not limited to the HMDA Loan/Application Register (LAR), Mortgage Call Report (MCR), and any other routine to non-standard compliance reports, as required by management.
• Coordinate and test routine to non-standard updates and/or enhancements to the Company’s technology platforms, including its proprietary systems, reporting software, and third-party compliance integrations (including Compliance Ease, Mavent, and RiskExec).
• Participate in all aspects of federal, state, and agency/investor examinations as needed, including completing loan file reviews, preparation of examination responses, and the development of remediation plans and post implementation testing to ensure effectiveness.
• Monitor for changes to the federal, state, and local regulatory environment, identify any applicable changes, and assist with the implementation and testing of updated policies, procedures, and technology in connection with updates that affect the Company.
• Performs related duties as assigned by management.

Qualifications and Education Requirements

• High School Diploma or equivalent required.
• Bachelor’s degree is preferred.
• 2-4 years of demonstrated mortgage legal and/or compliance experience required.
• 6+ years of mortgage lending experience required.

Skills, Abilities, and Knowledge

• Excellent interpersonal, written, and oral communication skills.
• Excellent research and writing skills.
• An ability to manage multiple priorities in a fast-paced environment.
• Excellent computer skills with proficiency in Microsoft Outlook, Word, PowerPoint, and Excel.
• Familiarity with mortgage Loan Originations Systems (LOS), documents and Extensible Markup Language (XML) data.
• Knowledge of National Mortgage Licensing System (NMLS) and Federal Housing Administration (FHA) Connection.
• Experience with Automated Compliance Systems (such as Mavent, Compliance Ease, etc.) is preferred.

Additional Information

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

By applying to this position candidate acknowledges that this is not a remote role and is required to be on-site.

Last Updated: 10/21/2024

Additional Information:

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

Company Benefits:

Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!

• Medical, dental, and vision insurance

• Health Savings Account with employer contribution

• 401(k) Retirement plan with employer match

• Paid Maternity Leave/Parental Bonding Leave

• Pet insurance

• Adoption Assistance

• Tuition reimbursement

• Employee Loan Program

• The Newrez Employee Emergency and Disaster Fund is a new program to support our team members

Newrez NOW:

• Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more

• 1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice

• Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee

• Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions

Equal Employment Opportunity 
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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