Mortgage Banking Compliance Officer
4 days ago
We are seeking an experienced Mortgage Banking Compliance Officer to join our team. In this role, you will be responsible for reviewing and analyzing borrower credit, employment, income, and assets to determine loan eligibility, assembling and verifying loan packages, preparing loan approval summaries, and communicating with loan originators, customers, and underwriters to obtain initial and missing documentation. Your expertise in RESPA regulations and knowledge of mortgage and consumer lending regulations will be essential in this role.
Responsibilities:
- Review and analyze borrower credit, employment, income, and assets to determine loan eligibility.
- Assemble and verify loan packages, including required documentation and completion of loan checklists.
- Prepare loan approval summaries and ensure accuracy of all information printed on those documents.
- Communicate with loan originators, customers, and underwriters to obtain initial and missing documentation.
Requirements:
- Minimum 3 years of current residential mortgage processing experience as a Loan Processor.
- Working knowledge of RESPA regulations and general knowledge of all mortgage and consumer lending regulations, including Regulation Z and Regulation B requirements, and loan documents.
- Strong math and analytical skills, excellent written and verbal communication skills, and ability to prioritize and meet deadlines.
- Available to work varying hours and overtime if needed.
- Encompass experience and computer knowledge (DU, LP, Microsoft Office & Windows).
Salary Range:$75,000 - $95,000 per year
Benefits:Competitive compensation package, comprehensive benefits, and opportunities for professional growth and development.
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