Lending Compliance Specialist

Company: KEMBA Financial Credit Union
Location: Columbus
Posted on: January 27, 2023

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