HMDA Compliance Specialist I

Job Purpose & Scope

The primary responsibility is to identify Home Mortgage Disclosure Act (HMDA) reportable loans and applications and create an accurate and complete Loan Application Register (LAR) by reviewing credit applications and originated loans.

Essential Job Functions

• Completes a timely review of credit applications and originated loans by gathering information and validating data accuracy to complete the HMDA LAR.
• Utilizes knowledge of laws and regulations pertaining to HMDA data reporting and applies that knowledge to transactions, scenarios, and Bank practices.
• Ensures HMDA LAR data is accurate in accordance with and as required by regulatory and Bank standards.
• Participates in HMDA data scrubs based upon error rates identified in quality control, testing, audit, or other reviews.
• Performs other duties assigned as determined by Compliance Leadership.
• Collaborates with the Compliance staff and other Bank employees on Compliance issues.

Knowledge, Skills & Abilities

• Knowledge of Regulation C/Home Mortgage Disclosure Act, as well as other consumer protection regulations impacting HMDA reporting, including but not limited to Regulation Z/Truth in Lending and Regulation B/Equal Credit Opportunity Act.
• Knowledge of laws and regulations pertaining to HMDA data reporting.
• Effective research skills.
• Organizational, critical thinking, analytical, and problem-solving skills.
• Initiative to accomplish work objectives.
• Attention to detail and effective collaboration skills.
• Effective use of specialized software.
• Ability to operate customary equipment and technology used in a business environment.

Basic Qualifications

• A high school diploma or equivalent, required.
• A bachelor’s degree in a job-related field, preferred.
• One or more years of work experience in banking or a similarly regulated field, required.
• Experience in lending production, bank operations/administration, and/or bank compliance or audit, preferred.

Job Expectations

• Operate customary equipment and technology used in a business environment, with or without accommodation.

Management Notes

• Note: This description is not an exhaustive list of all job functions, duties, skills, and job standards required. Other job functions, duties, skills, and standards may be added.
• Management reserves the right to add or change the job requirements at any time.

EEO Statement

Bank OZK is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.