Senior Compliance QA Analyst

Overview

The Senior Compliance QA Analyst is responsible for determining, validating, and ensuring accuracy of data used for Home Mortgage Disclosure Act (HMDA) reporting. This role involves reviewing various types of mortgage loan originations, adverse actions, and purchased loans to identify HMDA-reportable transactions and validate required data elements.

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.
• Absorb and respond 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.
• Absorb and assist with preparation and submission of the annual HMDA data to regulatory agencies.

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 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

Compensation

The 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.