Senior Mortgage Compliance Officer
7 days ago
This is a hybrid position requiring three full days in our office, either in San Francisco or Omaha. We are seeking an experienced and strategic Chief Compliance & Audit Officer to establish and lead mortgage compliance processes as we launch our mortgage division. You will ensure compliance with applicable mortgage laws and regulations while collaborating across teams to develop a robust compliance framework.
Key Responsibilities:- Compliance Management
- Develop and maintain a comprehensive compliance management system to ensure enterprise-wide compliance.
- Structure and lead the Compliance Committee and Compliance Policy Approval Committee.
- Develop, implement, and maintain compliance policies and procedures.
- Regularly assess and update policies, procedures, and practices to align with evolving laws and regulations.
- Oversee internal and external audits, including Federal and State examinations.
- Risk Assessment and Mitigation
- Identify, evaluate, and implement compliance strategies for newly enacted laws and regulations.
- Perform internal AML assessments and ensure compliance with fraud prevention standards.
- Conduct two separate risk assessments for regulatory and fair lending.
- Oversee compliance testing, reporting, and the preparation of Compliance Committee decks.
- Regulatory and Vendor Oversight
- Manage relationships with regulatory bodies and ensure timely responses to inquiries.
- Oversee and review Fair Lending, HMDA, NMLS, and state-specific reporting.
- Manage vendor compliance, including testing plans for subservicers and review of policies and disaster recovery plans.
- Training and Communication
- Develop and deliver compliance training for employees, emphasizing mortgage-specific regulations and best practices.
- Establish employee compliance training initiatives and maintain a schedule for periodic reviews and updates.
- Audit and Reporting
- Perform internal compliance audits and identify areas for improvement.
- Maintain consistent policy and audit schedules, ensuring timely resolution of identified risks.
- Oversee and review branch annual audits and internal audit policy testing.
- Minimum of 8 years in core compliance and 10–15 years of progressively responsible experience in mortgage or consumer lending, mortgage origination, and servicing loan portfolios.
- Strong background in mortgage banking, including pipeline management, risk analysis, and operational compliance.
- Working knowledge of mortgage lending, underwriting, and servicing processes, with an ability to identify risk factors.
- Expertise in mortgage regulations, including Regulation Z, TRID, ATR, RESPA, AML, UDAAP, and vendor management.
- Experience building a compliance framework in a startup environment.
- Proven leadership skills with a track record of building and managing high-performing teams.
- Strong strategic and tactical planning capabilities.
- High-level communication skills with the ability to engage external regulators and stakeholders.
- The base salary range for this role is $185,000 to $220,000.
- Bonus and equity potential.
- 100% paid medical and dental benefits.
- Generous PTO policy.
- Paid parental leave program.
- Fantastic downtown SF and Omaha locations.
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