Regulatory Compliance Analyst

2 weeks ago


Albuquerque, New Mexico, United States New Mexico Mortgage Finance Authority Full time
Job Overview

POSITION SUMMARY

The Regulatory Compliance Analyst acts as the main liaison for participating lenders, real estate professionals, master servicers, and clients. This role oversees all elements of pre-closing compliance evaluations for various programs. Additionally, it provides support or serves as an alternative in post-closing Compliance/Quality Control assessments for all loan programs, including relevant documentation, invoicing, and file management protocols.

KEY RESPONSIBILITIES

This job description aims to present a representative overview of the primary duties and responsibilities performed by individuals in this role. Employees may be required to undertake job-related tasks beyond those specifically outlined here.


• Conducts and thoroughly documents the pre-closing compliance file assessment.


• Reviews and interprets documentation related to mortgage lending and underwriting processes.


• Possesses a comprehensive understanding of the organization's single-family programs and assists in processing loan amount modifications, extensions, and program adjustments as requested by lenders.


• Responds to inquiries and provides assistance with general and technical program-related questions from borrowers, lenders, and real estate agents.


• Collaborates closely with the Contract Service Provider to compile monthly pool reports.


• May act as a substitute for the Assistant Director as needed.


• Assists in preparing and generating necessary month-end reports.


• Reviews the Partners Program documentation and prepares it for acquisition.


• Acts as a backup for the Lending Specialist in daily DPA transactions, ensuring data is received and reports are communicated to servicing.


• Provides support for the Lending Coordinator during their absence, managing daily reservations and confirming the completion of reservations with lenders.


• Updates income limits and acquisition cost changes for Single Family and DPA programs.


• Performs other related duties of a similar nature and level as assigned.


• Employees are expected to adhere to safety regulations, procedures, and protocols.

Participates in or facilitates technical training sessions for participating lenders and business partners.

MINIMUM REQUIREMENTS

Education and Experience

A Bachelor's degree in Business Administration, Marketing, Economics, or Finance is preferred. Three years of relevant work experience may substitute for educational qualifications. A minimum of four years of experience in mortgage loan processing, underwriting, or closing, along with four years of customer service experience in a high-volume retail or service environment is required.



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