Compliance Analyst is responsible for ensuring that residential mortgage loans are originated following federal and state regulatory guidelines as well as BMG internal policies.
Essential/Primary Job Functions:
Representing the department in a professional and enthusiastic manner by provided an exceptional customer service and support to internal staff; review of system completion to confirm accurate and complete disclosures are provided to all applicants as required by federal and state regulations as well as BMG policy; providing applicable disclosures to applicants through edisclosure feature in Encompass and/or providing applicable disclosure sets to production staff for face-to-face meetings; confirming that all applicable disclosures were provided to all applicants within the timeframes required by federal and state regulations as well as BMG policy; determining the first allowable closing date based on the delivery of applicable disclosures and appraisal; reviewing submitted compliance conditions and issuing a compliance clear to close; confirming that accurate data is housed in Encompass for purposes of HMDA reporting; supporting production staff by providing training opportunities on federal, state and BMG compliance requirements.
Job Requirements for Essential/Primary Job Functions:
Excellent oral and written communication skills; Ability to work independently as well as in team environment; Intermediate computer skills; Understanding of flow of mortgage production process; Ability to maintain high level of service during peak periods of each monthly cycle; Understanding of federal and state disclosure guidelines.
Bachelor’s Degree in Business, Finance or Real Estate or a minimum of 2 years mortgage experience.