Lending Compliance Specialist
Company: KEMBA Financial Credit Union
Location: Columbus
Posted on: January 27, 2023
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Job Description:
Objective
The Lending Compliance Specialist assists in ensuring KEMBA
Financial Credit Union adheres to all state and federal legal and
regulatory compliance requirements. This position will also assist
the Risk Manager in developing, implementing, monitoring, and
training to ensure that the employees, products and services, and
processes used at the Credit Union are effective to adhere to
compliance requirements by state and federal regulations for
financial institutions.
Duties and Responsibilities
- - - - - - - - - Assist the Risk Manager with the development,
administration, implementation, and maintenance of the CU's Lending
Compliance Program
- - - - - - - - - Coordinate/assist the Risk Manager with the
Annual Review of Credit Union policies and procedures to ensure
they comply with prescribed lending regulations.
- - - - - - - - - Perform detailed analysis of Home Mortgage
Disclosure Act (HMDA) reportable originated and non-originated
applications of mortgage lending, retail, and commercial loans
- - - - - - - - - Execute the Quality Assurance review of mortgage
loans in compliance with Fannie Mae standards
- - - - - - - - - Monitoring the effectiveness of operations and
the status of any needed changes
- - - - - - - - - Responsible for importing/exporting monthly
extract files
- - - - - - - - - Verify accuracy of reportable data for each
regulation by comparing information on source documents
- - - - - - - - - Identify exceptions associated with reviews,
coordinate with various departments to resolve inconsistencies in
loan data, process applicable maintenance and recommend changes as
warranted
- - - - - - - - - Responsible for identification of geographical
coordinates for reportable addresses and clearing quality,
validity, etc.
- - - - - - - - - Interpret and identify compliance risks
associated with the review
- - - - - - - - - Stay abreast of regulatory changes, Federal and
State banking laws
- - - - - - - - - Ensuring the Credit Union maintains compliance
with all applicable laws and regulations without incurring
excessive implementation and support costs
- - - - - - - - - Ability to meet stringent regulatory
timeframes
- - - - - - - - - Provide supporting documentation and compile
responses for internal and external audits
- - - - - - - - - Develop procedural manuals and job aids as
required
- - - - - - - - - Compile metrics for analysis of HMDA data for
Reg. C and Fair Lending
- - - - - - - - - Responsible for importing review packages into
imaging system for record retention
- - - - - - - - - Maintain a good working knowledge of HMDA
requirements
- - - - - - - - - Maintain a high level of integrity and
professionalism to handle sensitive/confidential information
- - - - - - - - - Develop an understanding of the Credit Union's
history, philosophy, organization, policies, and operational
procedures
- - - - - - - - - Attend periodic training to improve individual
level of competency
- - - - - - - - - Must be able to relate to other people beyond
giving and receiving instructions:
o - - - Can get along with coworkers or peers without exhibiting
behavioral extremes
o - - - Perform work activities requiring negotiating, instructing,
supervising, persuading, or speaking with others
o - - - Respond appropriately to feedback from a supervisor
- - - - - - - - - Other duties and responsibilities as
assignedRequired Qualifications
- - - - - - - - - Bachelor's Degree or equivalent work
experience
- - - - - - - - - Three years' experience in regulatory loan
compliance or loan servicing
- - - - - - - - - Requires understanding of federal regulations
including but not limited to HMDA, Flood, TILA, TRID, RESPA, SAFE
Act, TISA, FCRA, EFT, Funds Availability and UDAAP
- - - - - - - - - Previous loan origination/documentation system
experience
Physical Demands
The physical demands described here are representative of those
that must be met by an employee to successfully perform the
essential functions of the job. Reasonable accommodations may be
made to enable individuals with disabilities to perform the
essential functions.
While performing the duties of the job, the employee is regularly
required to sit; use hands to manipulate, handle, feel, and talk or
hear. The employee is frequently required to reach with hands and
arms. The employee is occasionally required to stand and walk. The
employee must occasionally lift and/or move up to 15 pounds.
Specific vision abilities required by this job include close
vision, distance vision and ability to adjust focus.PI201503630
Keywords: KEMBA Financial Credit Union, Columbus , Lending Compliance Specialist, Other , Columbus, Ohio
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