Softworld, Inc.
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http://www.softworldinc.com
http://www.softworldinc.com
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The Mortgage Compliance Officer is responsible for helping to ensure the Mortgage Department management is aware of and compliant with all applicable regulatory (Federal and State) rules and requirements.
Responsibilities
· Monitor legislative and regulatory developments through multiple channels and disseminate relevant information to the Mortgage Department.
· Assist in analyzing proposed regulatory changes and assess impact within loan origination system, loan documents, and/or loan servicing systems.
· Research regulatory issues perform document analysis and proactively respond to compliance questions in a timely manner.
· Assist in the implementation or revision of policies and procedures with compliance components as well as with training materials and internal communications for the Mortgage Department.
· Review mortgage marketing materials, disclosures, and forms to ensure compliance with applicable laws and regulations, including UDAAP.
· Assist in the creation and annual upkeep of communications to members that contain language required by specific regulations (i.e., HELOC Disclosure, Settlement Services Provider List)
· Analyze and advise the Mortgage Department team members with regards to day-to-day questions regarding regulatory and operational compliance matters.
· Work with the Mortgage Department management to resolve issues and address deficiencies noted in compliance reviews, risk assessments, internal audits, and regulatory examinations.
· Perform independent testing as directed to ensure internal policies and procedures remain in compliance and are being consistently followed across mortgage department
· Assist management in researching and responding to member complaints.
· Coordinate with Mortgage and Compliance Department management to address compliance issues to resolve regulatory concerns.
Requirements
· Minimum of 5 years’ experience in compliance oversight; or equivalent combination of education and experience.
· Familiarity with NCUA Rules and Regulations
· Understanding of lending-related consumer protection laws and regulations that impact financial institutions.
· BA/BS preferred
Mortgage Compliance Officer
Marlborough, MA 01752 US
Posted: 02/28/2023
2023-02-28
2023-04-20
Employment Type:
Perm
Industry: IT
Job Number: 240064
Job Description
The Mortgage Compliance Officer is responsible for helping to ensure the Mortgage Department management is aware of and compliant with all applicable regulatory (Federal and State) rules and requirements.
Responsibilities
· Monitor legislative and regulatory developments through multiple channels and disseminate relevant information to the Mortgage Department.
· Assist in analyzing proposed regulatory changes and assess impact within loan origination system, loan documents, and/or loan servicing systems.
· Research regulatory issues perform document analysis and proactively respond to compliance questions in a timely manner.
· Assist in the implementation or revision of policies and procedures with compliance components as well as with training materials and internal communications for the Mortgage Department.
· Review mortgage marketing materials, disclosures, and forms to ensure compliance with applicable laws and regulations, including UDAAP.
· Assist in the creation and annual upkeep of communications to members that contain language required by specific regulations (i.e., HELOC Disclosure, Settlement Services Provider List)
· Analyze and advise the Mortgage Department team members with regards to day-to-day questions regarding regulatory and operational compliance matters.
· Work with the Mortgage Department management to resolve issues and address deficiencies noted in compliance reviews, risk assessments, internal audits, and regulatory examinations.
· Perform independent testing as directed to ensure internal policies and procedures remain in compliance and are being consistently followed across mortgage department
· Assist management in researching and responding to member complaints.
· Coordinate with Mortgage and Compliance Department management to address compliance issues to resolve regulatory concerns.
Requirements
· Minimum of 5 years’ experience in compliance oversight; or equivalent combination of education and experience.
· Familiarity with NCUA Rules and Regulations
· Understanding of lending-related consumer protection laws and regulations that impact financial institutions.
· BA/BS preferred