Mortgage Servicing Compliance Expert
4 days ago
Mortgage Servicing Compliance Specialist plays a vital role in ensuring compliance with Federal and State regulations. The ideal candidate will have comprehensive knowledge of industry standards, regulations, and laws surrounding Mortgage Servicing.
Key Responsibilities:
- Serve as the senior compliance advisor to the Mortgage Servicing team.
- Collaborate with other departments such as legal, risk management, and operations to ensure alignment of servicing compliance efforts with overall business objectives.
- Review and provide guidance to ensure Mortgage Servicing operations and policies and procedures are compliant with Federal and State regulations as well as industry regulations and guidelines (CFPB, RESPA, FCRA, SCRA, ECOA, FDCPA etc).
- Ensure first line of defense mortgage servicing reviews are conducted in accordance with requirements and meet regulatory standards.
- Coordinate second line of defense mortgage servicing quality control testing.
Required Skills and Qualifications:
- Bachelor's degree in Finance, Accounting, Law, Business Administration, or a related field.
- Minimum of six years of experience in Mortgage / Loan Servicing compliance, risk management, or a similar role.
- Proficiency with compliance software and risk assessment tools.
- Strong analytical and problem-solving skills.
- Ability to understand legal guidance on laws and regulations from attorneys and translate that guidance into operational business requirements, company processes, procedures and controls.
Compensation Range: $69,000 - $73,000/annually.
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