Mortgage Compliance Manager

Qualifications

• Strong knowledge of mortgage laws and regulations (TILA/TRID, RESPA, HMDA, ECOA, Fair Lending, FCRA, Fair Housing, and NFIP).
• Substantial working knowledge of residential real estate lending, including comprehensive working knowledge of secondary mortgage markets.
• Experience with secondary market guidelines and investor delivery requirements.
• Working knowledge of mortgage QC frameworks and audit processes.
• Understanding of credit union operations and lending policies.

Essential Functions

• Compliance & Regulatory Oversight
• Ensure compliance with all applicable mortgage lending laws and regulations, including but not limited to, RESPA, TILA/TRID, HMDA, ECOA, Fair Lending, FCRA, Fair Housing, NFIP, and SAFE Act requirements.
• Maintains mortgage compliance procedures, documentation, and internal reference materials.
• Maintains mortgage compliance procedures, documentation, and internal reference materials.
• Maintains centralized compliance documentation and job aids on the HUB.
• Identifies and implements process improvements to strengthen compliance controls and efficiency.
• Promotes a culture of compliance and risk awareness within the organization.
• HMDA & Fair Lending
• Oversees HMDA data collection, validation, and submission processes.
• Conducts ongoing data quality reviews and supports quarterly and annual analysis.
• Assists in fair lending monitoring activities, including reporting and redlining analysis.
• Quality Control (QC) & Risk Management
• Oversee pre-funding and post-funding mortgage quality control reviews to ensure file accuracy and regulatory compliance.
• Identifies trends, deficiencies, and potential risks; partners with leadership to implement corrective actions.
• Monitors high-risk compliance areas, including documentation, state-specific requirements, and quality control standards for AVMs.
• Act as MERS designee and ensure requirements are met.
• Audit & Examination Support
• Serves as primary contact for internal audits, external audits, and regulatory examinations related to mortgage compliance.
• Captures and communicates audit findings and corrective action plans.
• Supports timely resolution of audit and compliance issues.
• Training & Communication
• Provides compliance guidance and investor eligibility and underwriting training to mortgage operations, underwriting, and sales staff.
• Communicates investor, legal and regulatory updates and process changes across the mortgage organization.
• Serves as a subject matter expert for mortgage compliance and investor related questions.
• Process Improvement & Documentation
• Maintains centralized compliance documentation and job aids on the HUB.
• Identifies and implements process improvements to strengthen compliance controls and efficiency.
• Promotes a culture of compliance and risk awareness within the organization.
• Supervisory Responsibilities
• Directly manages staff of 1-2 responsible for mortgage compliance and quality control.
• Provides compliance guidance and training for mortgage operations and sales staff.
• Responsible for performance management, coaching, scheduling, and workload distribution.
• Interviews, makes recommendations on hiring, and trains employees.
• Plans, assigns, and directs work.
• Applies performance management techniques and practices.
• Addresses issues and resolves problems.

Pay Range

USD $88,740.00 - USD $133,110.00 /Yr.