Job Brief
The Home Mortgage Disclosure Act Specialist is responsible for ensuring compliance with the Home Mortgage Disclosure Act (HMDA) and related regulations within the financial services industry. This role requires expertise in examining, verifying, and authenticating mortgage records, as well as a strong understanding of financial and real estate transactions. The ideal candidate will have a background in compliance, risk management, or auditing, along with excellent analytical skills and attention to detail.
Responsibilities
- Monitor and enforce compliance with HMDA regulations and other related federal and state laws.
- Examine, verify, and authenticate mortgage records and documentation for accuracy and compliance.
- Conduct audits and assessments of mortgage lending practices to ensure adherence to regulatory standards.
- Prepare and submit required reports to regulatory authorities, ensuring timely and accurate filings.
- Provide training and guidance to staff on HMDA compliance requirements and best practices.
- Assist in the development and implementation of policies and procedures to enhance compliance efforts.
- Stay updated on changes in regulations and industry trends that affect mortgage lending compliance.
- Collaborate with internal departments to address compliance issues and improve operational efficiency.
Requirements
- Bachelor’s degree in finance, business administration, or a related field.
- Minimum of 3 years of experience in compliance, auditing, or risk management within the mortgage or financial services industry.
- In-depth knowledge of the Home Mortgage Disclosure Act and other relevant regulations.
- Strong analytical skills with the ability to interpret complex regulations and data.
- Proficiency in compliance software and mortgage processing systems.
- Excellent communication skills, both written and verbal, with the ability to convey complex information clearly.
- Detail-oriented mindset with a strong commitment to accuracy and compliance.
- Certifications such as Certified Regulatory Compliance Manager (CRCM) or similar are a plus.
Similar Job Titles
- Compliance Analyst
- Mortgage Compliance Officer
- HMDA Compliance Specialist
- Regulatory Compliance Manager
- Loan Compliance Analyst
- Mortgage Regulatory Analyst
- Risk and Compliance Specialist
- Financial Compliance Officer
