OverviewThe Senior Compliance QA Analyst is responsible for the determination, validation, and accuracy of data used for Home Mortgage Disclosure Act (HMDA) reporting. This role includes reviewing bank-wide mortgage loan originations, adverse actions, and purchased loans to identify HMDA-reportable transactions and validate required data elements. Responsibilities also include preparing and maintaining supporting documentation to ensure compliance with HMDA and Regulation C requirements for the bank's annual submission.
Additional duties may include completing periodic HMDA review worksheets, updating tracking tools and matrices, preparing reports for management and regulatory purposes, identifying data, system, or process issues, coordinating system enhancements and remediation efforts, and performing testing related to system changes and HMDA reporting implementations.
Responsibilities- Review conventional, HELOC, and multifamily loan originations, as well as non-funded applications, to determine HMDA-reportable transactions.
- Validate data captured on the HMDA Loan Application Register (LAR) against source loan files and the Encompass system to ensure accuracy and completeness.
- Review multifamily loan originations and adverse actions to identify covered transactions and confirm required HMDA data elements.
- Prepare and maintain supporting documentation to substantiate HMDA applicability determinations and reported data.
- Partner with business units, Compliance, and IT to identify HMDA data, system, or process issues and support remediation efforts.
- Assist with providing file samples and responding to internal audits and regulatory examinations related to HMDA, as needed.
- Prepare periodic HMDA reports for management and department requests.
- Support HMDA training efforts for new hires or business partners, as needed.
- Assist with preparation and submission of the annual HMDA data to regulatory agencies.
- Perform other duties as assigned.
Qualifications- Bachelor's degree or 3+ years of experience in related field preferred
- Familiarity with New HMDA Rule and mortgage lending experience preferred
- Encompass LOS experience preferred
- Proficiency in in Excel, expert skills preferred
- Effective communication and writing skills
- Capable of managing competing priorities and delivering results within stringent timelines
Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.
CompensationThe base pay range for this position is USD $80,000.00/Yr. - USD $115,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.
