Mortgage Compliance Licensing Specialist
United Wholesale Mortgage · Pontiac, MI · 1 mo ago
Customer ServiceFull-time
What You Will Be Doing
- Set up company, branch and individual licenses in all 50 states.
- Complete and file all licensing reports due quarterly and annually.
- File entity registration renewals with secretary of state’s offices.
- Coordinate the timely filing of mortgage call reports (MCRs).
- Ensure that audited annual financial statements are submitted in NMLS timely.
- Respond to conditions placed on the company’s licenses by various state regulatory agencies in NMLS and communicate with state regulators to fulfill requirements to remove conditions.
- Track all licensing due dates and requirements using Airtable and/or other methods.
- Work with third party vendor to register all company mortgage loan originators for their required annual continuing education courses.
- Review newly enacted legislation in each state for any changes to licensing provisions that impact UWM or its subsidiaries.
- Respond to licensing inquiries from the Risk team regarding mortgage broker licenses and statuses in NMLS; reach out to state regulators for guidance.
- Draft and revise company licensing policies and procedures to ensure that they are current and compliant.
- Obtain and renew surety bonds for UWM and any new entities.
- Conduct audits of UWM’s licenses and surety bonds.
- Identify opportunities to improve processes.
What We Need From You
- Onsite attendance in our Pontiac office.
- Bachelor’s degree (or relevant education) and a minimum of two years of mortgage industry experience is required.
- Mortgage licensing experience is preferred.
- Experience in a legal or compliance setting is preferred.
- Demonstrate initiative with a high attention to detail.
- Must possess confidence in decision making abilities while also ensuring that processes are compliant with all state laws and regulations.
- Excellent written and verbal communication skills and be able to communicate effectively with both internal and external parties.
- Experience with Microsoft Office.
- Highly organized and capable of managing multiple time-sensitive tasks with minimal supervision.