Mortgage Loan Compliance Analyst or Sr. - Colorado Springs, CO

Company Description

Ent Credit Union exists to improve the financial quality of life of the people we serve. This mission drives us every day, but we are more than our mission. We're also individuals using our unique abilities to make our organization, and the communities we serve, better than they were yesterday. We're a not-for-profit that puts people above profits and actively invests in our community. Our rapidly growing team is expanding our reach to serve more people throughout Colorado. To spread our mission far and wide, we need people like you. If you're interested in a paycheck with a purpose, apply with us today. Our people make the difference, and we truly believe you are our greatest asset.

Job Description

This is an in-office position based out of Ent Credit Union Headquarters in Colorado Springs. This is not a fully remote eligible position.

The purpose of the Mortgage Loan Compliance Analyst position is to collaborate with the Management and Senior MLCAs to provide an independent, consistent, systematic, and thorough process to assess mortgage loan quality and compliance. The Mortgage Loan Compliance Analyst will coordinate with Mortgage Lending Managers by analyzing processes, reports and lending systems to ensure that compliance and credit quality requirements are being met on every mortgage loan and in a manner that is within regulatory, governmental, and secondary marketing guidelines. They will monitor changes in compliance and credit requirements in order to create appropriate written action plans, suggest updates to policies and procedures, and audit documentation. They will coordinate with managers, supervisors, and trainers to determine and implement creative solutions for recurring deficiencies and audit findings.

Essential Functions Mortgage Loan Compliance Analyst

• Mortgage loan review analysis: Provide an independent analysis, per agency and investor guidelines, of mortgage loans to include pre-funding, closing, post-closing and servicing audits as well as adverse actions. Review loan files from loan origination, processing, underwriting, closing and servicing to guarantee investor, FHA, VA and regulatory guidelines are met.
• Compliance review analysis: Review compliance questions from staff members in regards to disclosures, rate lock requirements, compliance engine fails, adverse action processes, HMDA etc. - research regulations and guidelines as necessary. Provide necessary updates for policies and procedures as well as analyze all lending processes and systems for compliance weaknesses and initiate any necessary changes. Verify appropriate reporting of HMDA quality and validity errors.
• Manage third party quality control vendors that pertain to the Compliance department: Direct and assess quality control vendors, contracts, policies, cost/benefit, their timeliness and accuracy, direct the rebuttal process, compilation of findings and developing of reports in order to assess staff training needs related to loan origination, processing, underwriting, closing and servicing mortgage loans, and to warrant third party vendors meet service level agreements.
• Delinquency quality control - Conventional, FHA and VA loan products: Oversee quality control efforts ensuring they are sufficient. Perform independent analysis of Collections Department activities and provide regular reports and determination of severity of deficiencies.
• Assist with annual recertification process: Assist with the collection of all required documents for annual internal audit and re-certifications. This allows the Mortgage Lending department to manage total risk while allowing the Credit Union to have a portfolio with a product mix conducive to the needs of the members and allows for the continued authorization and approval to originate loans with investors.
• Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.

The purpose of the Mortgage Loan Compliance Analyst Senior position is to collaborate with the Manager of Compliance and Quality Control to provide an independent, consistent, systematic, and thorough process to assess and identify mortgage loan quality and compliance. The Sr. Mortgage Loan Compliance Analyst will coordinate with Mortgage Lending Managers by analyzing processes, reports and lending systems to ensure that compliance and credit quality requirements are being met on every mortgage loan and in a manner that is within regulatory, governmental, and secondary marketing guidelines. They will monitor changes in compliance and credit requirements in order to create appropriate written actions plans, suggest updates to policies and procedures, and audit documentation. Sr. Mortgage Loan Compliance Analyst will be responsible for the analysis of all Mort