We are seeking a Compliance Specialist- HMDA, this position reports to the Compliance Manager-Fair Lending. This position will serve as a part of a team that interprets rules and regulations to draft and implement policies and procedures. This position will be responsible for carrying out the day-to-day activities of Landmark’s Home Mortgage Disclosure Act (HMDA) Program and assists in the development, maintenance, execution, and continual improvement of Landmark’s Fair Lending Program.
- Identifies all HMDA reportable loans/applications across all business lines and uploads the loans/applications to the HDMA LAR submission software.
- Verifies the required data elements for HMDA reportable loans/applications using the edit check reporting capability in the HDMA LAR submission software.
- Performs validation testing of all HMDA data points and makes corrections of any identified data integrity or data validity issues to ensure that the HMDA LARs are complete and accurate.
- Assists in preparing and submitting the yearly/quarterly HMDA LARs to the appropriate regulator.
- Maintains procedures on the end-to-end process of collecting, recording, and reporting on HMDA reportable loans/applications.
- Performs assigned tasks that support the implementation of the Fair Lending Program such conducting demographic and peer analysis and underwriting, pricing, marketing, and comparative file reviews.
- Assists with complaint resolution, including logging formal complaints, conducting research, preparing responses, and assisting with analysis and reporting of trends.
- Serves as back up to the Quality Control Analyst in performing pre-funding and post-funding loan quality control reviews to ensure investor guidelines are met.
- Performs assigned tasks that support the development, implementation, maintenance, execution, and continual improvement of the Compliance Management Program (CMP).
- Works collaboratively with business units to successfully implement any procedural changes resulting from compliance observations, or findings. Proactively collects feedback to assess effectiveness of proposed changes.
- Implements and maintains procedures, workflows, job aids, templates, and forms, as assigned.
- Performs other duties as assigned.
Required Skills
Required Experience
- High school diploma or GED and 3 years of banking experience in areas of loan origination, processing and/or closing, or an educational background that provides a level of knowledge typically gained from 3 years or more experience.
- Knowledge of financial operations, policies, and procedures.
- Knowledge of a variety of banking regulations, with a focus on ECOA/Regulation B, Fair Housing Act, HMDA/Regulation C, and UDAAP.
- Demonstrated experience balancing multiple priorities and managing a variety of projects in a high volume work environment with the ability to prioritize work to meet deadlines.
- Strong attention to detail and proven analytical, problem solving skills.
- Excellent verbal and written communication skills, and the proven ability to work across various departments and levels in an organization.
- Ability to use independent judgment and discretion in various situations while maintaining a high degree of confidentiality.
- CRCM Certification preferred.
- Must have a thorough understanding of company policies and procedures as they relate to the position. Must understand and comply with all job related state and federal laws and regulations.
EO/AA Employer; including veterans and individuals with disabilities.