SR. COMPLIANCE ANALYST (SELENE NDA)

Company: Selene Finance
Location: Draper
Posted on: May 3, 2021

Job Description:

Description/Job SummaryNew Diligence Advisors is a multi-line of business financial services firm with a mortgage servicing company, a loan diligence company, a title company, an insurance brokerage and a real estate owned company. There are locations in Houston, TX, Jacksonville, FL, Horsham, PA,Salt Lake CIty, UT,and Dallas, TX. Founded in 2007 to address needs in the mortgage industry, we strive to provide amazing client and borrower experiences.Position Summary: The Sr. Compliance Analyst will be responsible for analyzing programs, policies, and practices to ensure that all business units are in compliance with mortgage related policies and reporting regulations.Essential Duties and Responsibilities include the following. Other duties may be assigned.Perform data analysis, research, and reconciliation of data discrepancies for with matters of significance as it relates to analysis of data, requirements while evaluating if loans are made within the client's policy and in compliance with governing laws and regulations.Tracking the implementation of operational changes to maintain compliance with mortgage laws and investor requirementsUtilize daily production reports to independently organize, track, and prioritize assigned work ensuring workflow standards are met within acceptable timelines.Ensure the companies knowledge and compliance on all laws and regulations relating to mortgage compliance activities, including, but not limited to: Lending Regulations: Truth-in-Lending (Regulation Z) Equal Credit Opportunity Act (Regulation B), Real Estate Settlement Procedures Act (RESPA), Flood Insurance Requirements and Home Mortgage Disclosure Act (Regulation C) Other Operational Regulations: Fair Lending (ECOA, FHA), FCRA/FACTA, Fair Debt Collection Act, Privacy of Consumer Financial Information (regulation P), GLBA, and Information Security.Review, create and maintain company policies and procedures for conducting compliance reviews based on regulatory and client guidelines.Work with the information technology team to continuously develop company systems in order to ensure regulatory compliance and reporting.Work with Leadership regarding the development of the staff as it relates to compliance regulations. Prepares and provides reporting to clients and internal leadershipAbility to effectively communicate credit review process and conclusions in written and verbal formats with leadershipEvaluate if loans are made within the due diligence client's policy is within compliiance with governing laws and regulationsPerform other duties as assigned.Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The qualified candidate must have:Minimum 5 - 7 years of mortgage due diligence compliance experience or equivalens is preferredExpert knowledge of federal and state mortgage laws, including but not limited to QM/ATR, TRID, RESPA, Reg Z, HOEPA, and HPML requiredMust have strong knowledge of due diligence compliance experience or equivantent is preferredRecent experience with TIL, FNMA 5%, High-Cost Testing, and HUD-1 Fees for NPL.Must have strong knowledge of Jumbo, Non-QM and/or GSE guidelinesExpert knowledge of RESPA complianceExpert knowledge with compliance reporting (i.e. Mavent or ComplianceEase) to provide guidance on how to resolve failsExperience with RPL/NPL product a plusExpert knowledge with creating policies, procedures and reportingFamiliarity with capital markets and credit rating agency requirements a plus Excellent written and verbal communication skillsExcellent time management skills with an emphasis on qualityIn depth knowledge and understanding of transaction components that indicate a potential for fraudMust be self-motivated, creative and able to work in a team environment while thinking independently and sharing knowledge and ideasMust be able to multi task between multiple analytical projectsAbility to work well under pressure, handle competing priorities and meet deadlinesA high level of confidentiality to protect privacy rightsEffectiveness as a team playerAbility to easily prioritize job duties according to the needs of the companyStrong sense of professionalism and positivity.Strong professional and interpersonal communication skills verbally and through written electronic correspondence.Excellent listening skills and the ability to use good judgment.Ability to produce quality workExcellent attention to detailEducation/Experience: Expertise in residential mortgage lending compliance evidenced by a minimum of 3-5 years of mortgage due diligence and/or consumer residential mortgage compliance experience. Experience directly related to mortgage compliance technology products and services, including knowledge of loan origination systems, residential mortgage loan documents, and the delivery of compliance solutions through technology. Knowledge of Compliance Ease and agile processes a plusComputer Skills: Working knowledge of and experience with mortgage due diligence software. Microsoft Office (Word, Excel, and Outlook). Previous experience with Mavent and Compliance Ease preferred.Why Selene NDA?Selene NDA is committed to the total wellbeing of its employees therefore offers one of the best benefits package available in the industry today which include:Paid Time Off (PTO)Medical, Dental Employee Assistance ProgramFlexible Spending AccountHealth Savings AccountCompany paid holidays (10 ) days)Company paid Life InsuranceMatching 401(k) PlanThe job requirement listed above are representative of the knowledge, skill, and/or ability required. This job description is not an inclusive list of all duties and responsibilities of this position. Incumbents will be required to follow any other job related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Selene NDA reserves the right to amend and change responsibilities to meet business and organizational needs.

Keywords: Selene Finance, Draper , SR. COMPLIANCE ANALYST (SELENE NDA), Other , Draper, Utah