loanDepot

Sr Leader, HMDA & Fair Lending Analytics

loanDepot • $104K — $182K *
Plano, TX 75025In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's Degree required.
  • 10+ years in fair lending compliance and analytics.
  • 7+ years in mortgage lending compliance with HMDA focus.
  • 5+ years in mortgage lending compliance and regulatory audit reporting.
  • Proficient in Microsoft Office, Excel, and Empower.
  • Advanced knowledge of Rata Comply regulatory reporting software.

Responsibilities

  • Manage fair and responsible lending analytics programs, including performance analytics and matched pair testing.
  • Develop innovative methods to identify and monitor lending risks across loanDepot's lending channels.
  • Analyze lending performance data to highlight fair lending risks.
  • Prepare analytical findings, identify root causes, and report operational issues.
  • Review policies and procedures to ensure compliance with HMDA and Regulation C.
  • Submit HMDA data to regulatory agencies and maintain compliance documentation.
  • Establish data integrity testing protocols and ensure auditable trails within loan files.
  • Prepare HMDA reports with findings and recommendations for corrective actions.
  • Stay updated on regulatory changes and industry trends to guide compliance efforts.
  • Provide training and technical guidance to team members.

Benefits

  • Aggressive compensation package based on experience and skills.
  • Inclusive and diverse company culture.
  • Opportunities for internal growth and professional development, including tuition reimbursement.
  • Comprehensive benefits package including medical, dental, and vision.
  • Wellness program for mental and physical health support.
  • Generous paid time off for all employees.
Full Job Description
Description

Position at loanDepot

Position Summary:

Responsible for leading the development and execution of fair lending analytics programs to identify, manage, and report on fair lending risks. Oversees the design and maintenance of loanDepot's HMDA compliance management system to ensure complete, accurate, and timely data collection, reporting, and submission. Provides strategic direction on fair lending compliance, applying expert judgment in establishing internal procedures, interpreting regulatory requirements, and responding to data and analytics requests from internal and external stakeholders.

Responsibilities:
  • Manages fair and responsible lending analytics program elements, including performance analytics, matched pair testing, redlining reviews, ECOA monitoring, etc. Creates reporting of fair lending data to management.
  • Develops innovative approaches to identify and monitor fair and responsible lending risk through performance analytics and monitoring initiatives incorporating each of loanDepot's lending channels.
  • Uses the results of lending performance analytics to identify fair and responsible lending risks.
  • Prepares findings, analyzes root causes, and identifies systemic, operational, and process issues.
  • Reviews and monitors policies, procedures, and internal controls to ensure ongoing compliance with the collection and reporting requirements set forth in HMDA and Regulation C.
  • Ensures timely and accurate submission of HMDA data to the Consumer Financial Protection Bureau. Submits any necessary resubmission of HMDA LAR data to regulatory agencies. Ensures quarterly LAR information is maintained pursuant to HMDA and Regulation C.
  • Monitors and evaluates system controls to ensure the accuracy of HMDA data capture, as well as identification of higher risk issues.
  • Establishes data integrity testing and protocols to address risks identified through routine monitoring and testing. Documents testing requirements in procedures, job aids and scenario guides. Ensures a clear auditable trail is maintained for HMDA LAR validation within each loan or application file.
  • Prepares written HMDA reports detailing findings and recommendations for corrective actions.
  • Maintains up-to-date knowledge of regulations and regulatory guidance, enforcement actions, and industry trends and incorporates this knowledge into ongoing development and maintenance of fair and responsible lending risk management efforts.
  • Provides technical guidance, training, information, and analysis to peers and team members.
  • Initiates and completes special project assignments, such as due diligence examinations, task force projects, or special ad hoc reviews.

Requirements

  • Bachelor's Degree required, and a minimum of ten (10) + years of fair lending compliance and analytical experience.
  • Minimum of seven (7) + years' mortgage lending experience in compliance with emphasis on HMDA reporting.
  • Minimum of five (5) + years' experience in the field of mortgage lending compliance and regulatory audit reporting required.
  • Experience with Microsoft Office, Excel, and Empower required.
  • Advanced knowledge of regulatory reporting software required, specifically Rata Comply.


  • Aggressive compensation package based on experience and skill set.
  • Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
  • Work with other passionate, purposeful, and customer-centric people.
  • Extensive internal growth and professional development opportunities including tuition reimbursement.
  • Comprehensive benefits package including Medical/Dental/Vision.
  • Wellness program to support both mental and physical health.
  • Generous paid time off for both exempt and non-exempt positions.

Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $104.000 and $182,500. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.

About loanDepot

LoanDepot, sometimes stylized as loanDepot, is a Lake Forest, California-based holding company which sells mortgage and non-mortgage lending products. In 2015, the company claimed to be the second largest non-bank provider of direct-to-consumer loans in the United States. LoanDepot was founded in 2010 by entrepreneur Anthony Hsieh, who had previously founded mortgage companies LoansDirect.com which he sold to E*Trade, and HomeLoanCenter.com, which he sold to LendingTree. The company's products at the time included fixed rate, jumbo, FHA and home equity loans, in addition to more controversial adjustable-rate mortgages and negative amortization products. In November 2015, the company postponed a planned IPO, citing poor market conditions. In March 2017, the company introduced technology to automate the loan process, allowing customers to apply for a mortgage without talking to a loan officer. In January 2018, the company announced two products as part of its technology platform, now called Mello, a home improvement unit to allow contractors to offer financing to customers, and Mello Home, a platform to connect pre-approved buyers to realtors. In September 2019, the company partnered with Century 21 Redwood Realty to form a new mortgage platform for the mid-Atlantic area, Day 1 Mortgage. loanDepot went public on the New York Stock Exchange on February 11, 2021 under the ticker symbol LDI.
Learn more about loanDepot
Market Cap
$453.5 million
Industry
Finance & Insurance
Founded
2010
5 Year Trend
+26.8%
NASDAQ
LDI
* Ladders Estimates

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