Regulatory Compliance- VP (Mortgage Banking) recruitment
Responsible for assisting in establishing, coordinating, and maintaining an effective compliance monitoring and department support to ensure compliance across all origination channels, Federal and State compliance monitoring and reporting. Emphasis will be on maintaining and implementing the department’s Compliance Plan and working closely with Operations, Compliance and Legal in preparing for, coordinating and responding to internal, federal and state regulatory audits.
1. Develop and maintain compliance monitoring program including the review and maintenance of branch support material published on MITNET and monitoring of business units policies and procedures.
2. Monitor applicable federal, state, and local laws and regulations and coordinate the regulatory risk assessment process with VP of Regulatory Compliance and key Operations management all including Legal and Compliance as necessary.
3. Maintain familiarity with all applicable federal, state, and local laws and regulations and coordinate the corporate regulatory risk assessment process.
4. Perform quarterly HMDA audits in compliance with Regulation C
Requirements:
• Minimum 3 years mortgage industry experience.
• Familiarity with mortgage operations
• Familiarity with laws and regulations applicable to the mortgage banking industry.
• Must have a working knowledge of state and federal compliance requirements including Reg Z, RESPA, HOEPA, Reg B/ECOA, Reg C, Fair Lending requirements, UDAAP, GLB, CAN-SPAM, FCRA, etc.
• Proficient in Microsoft Office