BASIC FUNCTION: Perform comprehensive regulatory compliance review of consumer and commercial loans and non-originated applications for adherence to the various documentation and reporting requirements. Work with the Bank’s Compliance team to stay abreast of regulations and changes relevant to lending activities and provide guidance to Loan Operations team members. Assist in ensuring retention of records in the bank’s imaging system in scope and format that will facilitate third-party review. All duties should be performed in accordance with established policies and procedures, with appropriate documentation of actions taken.
Non-originated application review
Review all consumer and commercial non-originated applications to verify proper disclosure, as applicable, and documentation of action taken
Properly identify applications which are HMDA-reportable and perform data verification in the compliance management system
Originated loan review
Perform data verification of HMDA-reportable loans
Assist Post-Closing team and other department staff with application of and adherence to lending regulations, such as Reg B/ECOA, Reg Z, RESPA, etc.
Log any exceptions to documentation or regulations identified during the review within the exception tracking system or other reporting mechanisms
Clear exceptions timely upon acceptable review of documentation submitted to resolve deficiencies previously noted
Assist with additional data integrity and quality assurance initiatives
In addition to HMDA data capture and verification, assist in verifying other critical data elements to ensure accurate management reporting
Assist with document management and record retention
Perform quality assurance review of imaged documents
Ensure documentation required to support HMDA and other examinations are maintained in the prescribed format
Assist Operations Specialist with scan, import, and indexing of documents to the bank’s official electronic document storage system as needed
SKILLS, KNOWLEDGE, AND TRAINING:
Comprehensive knowledge of lending regulations with ability to interpret and apply appropriately based on a variety of situations
Organizational and time-management skills to work efficiently and complete tasks in a timely manner with nominal supervision
Ability to read and comprehend bank policies and regulatory guidance, and apply to work situations
Able to work well under pressure and adapt to process changes and workflow peaks while adhering to reporting deadlines
Interpersonal and communication skills to represent the Bank in a positive way in dealing with customers and co-workers and to convey information effectively
Knowledge of computer technology including, but not limited to, Word, Excel, e-mail, and internet navigation
Sitting for extended periods of time; approximately 8 hours a day with the ability to move around a little.
Lift 10-20lbs periodically.
High school diploma or equivalent
Prior banking experience required, with an emphasis on lending and applicable regulations (to include, but not limited to HMDA and TRID)
Maintain up-to-date knowledge of and adhere to all state and federal regulations that pertain to this position including but not limited to Bank Secrecy Act, Consumer Privacy and Fair Lending.
Working knowledge of state and federal regulations including but not limited to Bank Secrecy Act, Consumer Privacy and Fair Lending along with industry best practices that pertain to this position.