First State Bank — Job Description
Job Title: Compliance Specialist: Mortgages & Fair Lending
Status: Non-Exempt
Department: Compliance
Reports To: Compliance Officer
Primary Purpose of the Job:
Responsible for ensuring that First State Bank complies with lending regulations and laws with a focus on those that prevent discriminatory lending, especially ECOA, TILA, and RESPA. This position is responsible for regular compliance monitoring, developing/updating fair lending policies and procedures, conducting risk assessments, and analyzing loan data.
Essential Duties:
Execute risk-based monitoring and testing including documenting findings, identifying root causes and recommending corrective actions for
Mortgage origination and servicing compliance
Disclosure accuracy and timing
Escrow, payments, fees, and servicing practices
Fair lending and consumer protection requirements
Support the Bank’s Fair Lending and Community Reinvestment Act Program, assisting with
Risk assessments
Adverse action notice compliance
Pricing, underwriting, and exception monitoring
Analysis of lending data, trends, and potential risk indicators.
Remediation and documentation of corrective actions related to fair lending findings or examiner feedback.
Assist with Compliance Audits and Exams, including but not limited to gathering information and reports, coordinating responses, and tracking corrective action of findings
Attends compliance training/sessions to become knowledgeable and skilled in compliance requirements. Reports requirements to Compliance Officer and may train departmental heads in compliance processes, requirements and controls.
Create and maintain a courteous and professional relationship with co-workers while maintaining timely and prompt daily attendance
Required and Essential Experience/Skills:
Bachelor’s degree in related field (or equivalent experience)
Three to five years related work experience in compliance
Strong written communication skills with the ability to produce clear, defensible documentation
Thorough understanding of Fair Lending, ECOA, TILA, RESPA and related regulations
Ability to research, analyze information and solve problems
Good attention to detail
Ability to work independently
Ability to develop and facilitate training and educate co-workers on regulatory requirements
Ability to work with all levels of management and staff within the Bank
Preferred Qualifications:
CRCM, CAFP, or other compliance certification
Experience monitoring and/or analyzing Fair Lending and CRA data
Familiarity with mortgage LOS and service Platforms
Familiarity with NContracts or other Fair Lending/CRA Software
Key Competencies:
Mortgage and Fair Lending risk awareness, testing, and documentation
Strong regulatory judgment
Detail-oriented
Collaborative approach with mortgage and operations teams
Examiner-ready mindset
Working Conditions:
Office environment with little exposure to physical hazards or conditions
Ability to enter data into a computer and work with computer programs
Ability to stand and/or sit for long periods of time
Working with an energetic team focused on making our customers financially successful!
An opportun
Who We Are Firestorm is building the next generation of uncrewed aircraft and the advanced manufacturing systems that deliver them...
Apply For This JobAccuWeather is seeking a mid-level iOS Developer to support the iOS team at AccuWeather. This position will directly report to...
Apply For This JobOur team members are at the heart of everything we do. At Cencora, we are united in our responsibility to...
Apply For This JobResponsibilities Responsibilities & Qualifications Ability to assist in performing technical operation and testing of various types of fully integrated computer-based...
Apply For This JobIt Starts Here Santander is a global leader and innovator in the financial services industry and is evolving from a...
Apply For This JobThis role is responsible for cultivating and strengthening strategic partnerships with key customers by serving as the “Voice of the...
Apply For This Job