Loan Compliance Analyst

JOB DESCRIPTION

OVERVIEW

Promotes quality processes and programs to ensure the regulatory compliance, including Fair Lending, of the Bank’s loan products and services. Works with the Bank’s Residential Lending and Commercial Lending Teams to build and oversee a risk-based compliance program. Collaborate with the Bank’s Compliance Officer and CRA Officer to implement affective compliance oversight and monitoring programs and to implement changes in regulations commensurate with the Bank’s products, services, systems, and processes. Works with Bank’s BSA Officer to review/approve Verafin change management annual review and back-up BSA Officer for submission of CTR and SAR filings. 

ESSENTIAL DUTIES/RESPONSIBILITIES

• Oversees the Bank’s collection, review, and submission of required Home Mortgage Disclosure Act (HMDA) data and reporting within regulatory submission timeframes and internal reporting timelines; works with CRA Officer to present periodic reporting to the internal Compliance Committee of HMDA reportable loans for low- and moderate-income individuals and HMDA reportable loans in low- and moderate-income census tracts within the Bank’s assessment area for the Bank’s Community Reinvestment Act (CRA) Reg BB analysis and reporting.
• Reviews and monitors loan adverse actions for potential Fair Lending (Fair Housing Act (FHA)& Reg B Equal Credit Opportunity Act (ECOA)) risks; tracks any exceptions; works with Compliance Officer and CRA Officer on periodic reporting within Ncontracts and annual Fair Lending Risk Assessment within WolfPAC.
• Reviews and monitors the Flood Disaster Protection Act processes and borrowers’ flood insurance coverage at origination and throughout the term(s) of mortgage(s) to ensure the Bank acts in accordance with the requirements of the regulation.
• Works with Residential Lending on the review and monitoring of Truth in Lending Reg Z requirements, leveraging compliance systems and processes.
• Reviews and monitors lending transactions relating to compliance including, but not limited to, the Real Estate Settlement Procedures Act (RESPA Reg X - HUD), Fair Credit Reporting Act Reg V, Reg O – Loans to Insiders, Military Lending Act, and the Service Members Civil Relief Act.
• Works with Lending teams and Compliance Officer to address any regulatory related complaints.
• Oversees QC reviews and monitoring for residential mortgages; works with auditors and examiners to facilitate the collection of requested items and respond to specific inquiries.
• Works with vendors and third parties that provide mortgage and loan related compliance services to the Bank, including the Encompass Mavent Compliance solution and Ncontracts applications; periodically reviews system settings and parameters to ensure they are current with regulatory compliance; periodically reviews customer documentation to ensure regulatory compliance based on the product and service.
• Collaborates with the Residential and Commercial Lending Teams, other stakeholders, and Bank departments to implement updates and upgrades, resolve issues, roll-out new products, and services, and helps to develop Bank-specific regulatory training.
• Maintains updated knowledge of the Bank’s loan products and services; remains current with related regulations and laws, as well as relevant underwriting and secondary market guidelines and Bank policies.
• Remains informed of current trends and compliance relating to lending and consumer credit. Attends relevant seminars and training classes. 
• Works with Bank’s BSA Officer and Compliance/BSA Specialist to review / approve change management annual review and serves as an additional back-up to the BSA Officer for submission of CTR and SAR filings.
• Assists the Compliance Team with Deposit compliance related issues.
• Completes other related tasks as assigned.
• To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

MINIMUM QUALIFICATIONS

• Associates degree or above preferred or equivalent mix of experience and specialized course work, certifications, and training
• Prefer a minimum of 5 years’ experience in Residential Lending and / or Loan Compliance
• Knowledge of FNMA guidelines, regulatory compliance, and the mortgage application process.
• Knowledge of deposit and BSA regulations.
• Detail-oriented with strong analytical and problem-solving abilities; ability to multi-task and meet time deadlines at all levels.
• Excellent written and verbal communication skills.
• Proficiency with Microsoft Office applications; experience with Encompass LOS a plus.
• Technologically proficient.
• Ability to work independently and collaboratively with cross-functional groups. 

PHYSICAL REQUIREMENTS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to stand; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; and talk and hear. The employee frequently is required to walk. The employee is occasionally required to sit; balance; stoop, kneel, and crouch.

The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 40 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus.

SUPERVISORY SCOPE

None

Greenfield Cooperative Bank is an Equal Opportunity Employer including Veterans/Disabled. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

EEO is the law:

https://www.eeoc.gov/poster