HMDA Analyst

Overview:

The HMDA Analyst assists the lending teams with monitoring, reviewing, updating and preparing monthly HMDA/CRA reports, submitting on a monthly, quarterly and/or annual basis. The HMDA Analyst demonstrates a full understanding of current reporting requirements for HMDA and CRA

The HMDA Specialist also assists in identifying gaps and educating the lending teams concerning HMDA, CRA and Fair Lending.

• Be a subject matter expert regarding HMDA regulations, for all lending areas, assist with questions and/or issues, strong ability to apply regulatory changes to loan operations.
• Knowledge of Fair Lending laws, regulations, and requirements.
• Knowledge of CRA regulations and requirements.
• Facilitate the collection of HMDA data from mortgage, consumer, and commercial lines of business on a regular and timely basis.
• Develop, document, and execute applicable review and/or audit test samples independently or in conjunction with the Compliance team.
• Works with the lending areas to ensure all HMDA regulatory requirements are met.
• Review loan application data, for all 3 lending groups, for accuracy and consistency in line with the HMDA/CRA requirements.
• Review accuracy of the data collected and required to be reported on loans originated to small businesses and small farms.
• Conduct monthly HMDA/CRA data integrity reviews on all HMDA/CRA reportable files, communicate findings and make recommendations to the lending managers for remediation.
• Proactively communicate exceptions, errors, or other concerns to the applicable line of business for review and resolution during internal and external reviews.
• Ensure all loan files are properly documented and the correct decision has been made.
• Maintain knowledge of HMDA regulations including emerging regulatory updates relating to lending.
• Prepare HMDA LAR on a monthly basis for the lending managers and on a yearly basis for submission to the FFIEC. HMDA data should be complete and accurate and extracted from the loan originations systems, where applicable, and submitted to HMDA WIZ.
• Prior to submission of the annual LAR participate in a year end data scrub.
• Review loans that are coded not reportable for accuracy.
• Work with systems manager when data is not correct due to system errors/issues.
• Assists in the updating of HMDA policies and procedures and provides guidance to all lending colleagues.
• Demonstrate a high level of professionalism and integrity in all internal and external interactions.
• Communicates professionally in oral and written format with internal and external customers.

OTHER ACCOUNTABILITIES / RESPONSIBILITIES:

• Performs related and unrelated duties as may be required.
• Participate in Compliance reviews, ad-hoc projects and training efforts, as required.
• Attend training(s) to stay current on regulatory changes.

• High school or its equivalent plus specialized course work and training.
• At least two years of experience in regulatory compliance including HMDA compliance.
• A demonstrated understanding of commercial, consumer and residential loan procedures and regulatory requirements.
• Strong analytical skills.
• Proven organizational, oral and written communications, problem solving and interpersonal skills.
• Must possess a high degree of accuracy and attention to detail.
• Must be able to work independently as well as on a team.
• Must have a working knowledge of Windows, Word, Excel and Desktop Underwriter, CRA WIZ and Mavent, Encmpass.

PHYSICAL REQUIREMENTS:

• Prolonged periods of sitting at a desk and working on a computer.

SUPERVISORY SCOPE:

None

INDEPENDENT ACTION:

• Performs work within established guidelines and according to specific procedures. Refers problems to immediate manager.

BANKNEWPORT CORE VALUES:

• We celebrate
• We empower employees to be creative problem solvers.
• We invest the time to know our customers, communities, and employees.
• We commit to serving the financial needs of Rhode Islanders.

Any physical demands or work conditions 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.

BankNewport is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity or expression, pregnancy, childbirth or related medical conditions, military service, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances.