Senior Servicing Compliance Manager

About the role

The Senior Servicing Compliance Manager will develop, lead, and oversee the Company’s mortgage servicing regulatory compliance program, protecting the value of the Company’s MSR asset. This role involves leading a team of Servicing Compliance auditors, ensuring full compliance with federal and state servicing regulations, and managing relationships with external Servicing QC vendors.

Responsibilities

• Develop and lead the Company’s mortgage servicing regulatory compliance program
• Lead a team of Servicing Compliance auditors
• Maintain full compliance with federal and state servicing regulations, investor and agency requirements, and internal governance standards
• Provide strategic direction, risk oversight, and compliance leadership to safeguard the Company
• Manage the relationship with external Servicing QC vendors, as the Vendor Relationship Owner
• Oversee and manage compliance reviews of Servicing QC vendors and Sub-servicers
• Alert appropriate management levels and internal departments to problems identified during routine testing
• Follow through on all actionable items to ensure full and timely resolution is completed by the responsible parties
• Manage and oversee functional risk appetite through creation and ongoing maintenance of department risks and controls (RCI)
• Assess Sub-servicer’s compliance with applicable federal and state servicing statutes, program specific servicing requirements, and servicing regulatory requirements
• Create and manage to monthly and annual Test Plans
• Identify discrepancies and opportunities for process improvement through analysis of audit findings, management reports, and discussions with servicers
• Prepare and submit various weekly and monthly reports for management review
• Compile and categorize data used for monthly operational metrics
• Perform secondary review of audit findings reports for use internally as well as to communicate any findings to Sub-servicers
• Navigate through various mortgage servicing systems such as MSP, MortgageServ, LoanServ, SBO, etc.
• Create effective compliance and auditing policies and procedures as needed
• Evaluate servicer performance using a variety of tools such as scorecards, servicer management reports, and findings trend analysis
• Lead and develop a team; responsible for hiring, coaching, performance management, training and development

Requirements

• 9+ years of related experience in Regulatory Compliance, Risk Management, Internal Audit or similar field
• Bachelor's degree in related field required
• Previous leadership experience required
• Advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services
• Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices
• Advanced knowledge and understanding of servicer’s actions during the servicing “life-events” of a mortgage loan such as Collections, Loss Mitigation, Foreclosure, Bankruptcy, Claims, Servicing Transfers, ARMs, Escrows, Payment Processing and Payoffs
• Advanced ability to identify and understand key risks, issues and trends and to develop meaningful information to be shared with leadership
• Advanced speaking and writing communication skills
• Certified Regulatory Compliance Manager preferred
• Occasional travel required

Qualifications

• Ability to navigate through various mortgage servicing systems such as MSP, MortgageServ, LoanServ, SBO, etc.
• Create effective compliance and auditing policies and procedures as needed
• Evaluate servicer performance using a variety of tools such as scorecards, servicer management reports, and findings trend analysis
• Lead and develop a team; responsible for hiring, coaching, performance management, training and development

Skills

• Ability to navigate through various mortgage servicing systems such as MSP, MortgageServ, LoanServ, SBO, etc.
• Create effective compliance and auditing policies and procedures as needed
• Evaluate servicer performance using a variety of tools such as scorecards, servicer management reports, and findings trend analysis
• Lead and develop a team; responsible for hiring, coaching, performance management, training and development

Benefits

We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

Pay

Salary range for new hires is generally $149,295.00 - $184,000.00 for Westlake Village, CA. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock.

Schedule

Not specified