Rushmore Loan Management Services

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Compliance Fairness Analyst

Compliance Fairness Analyst

Job ID 
2017-1957
Job Locations 
US-TX-Dallas
Category 
Compliance
Type 
Regular Full-Time
FLSA Status 
Non-Exempt

More information about this job

Overview

 

POSITION SUMMARY: The Compliance Fairness Analyst is responsible for assisting, analyzing and maintaining the Company’s Compliance program related to fair lending and fair servicing to ensure conformity and adherence with all applicable state and federal laws and regulations.

Responsibilities

 

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Analyze and summarize production data for regular reporting.

  • Analyze company data related to fair lending and fair servicing, including results from external audits, comparative file ("matched pair") analyses, and ad hoc Fair Lending self-audits.
  • Assist with Compliance Department functions for all lines of business to ensure compliance with fair and responsible lending and servicing, which include Federal Fair Lending Laws and adherence to all lines of business policies.
  • Assist in regulatory agency and auditor inquiries.
  • Assist with the implementation and maintenance of Rushmore’s Compliance Program by ensuring consistency of adherence to company policy and procedures.
  • Create reports for management detailing the Company’s risk and trend related issues, perform data analytics and produce monthly and quarterly reports designed to identify trends and/or patterns of concern and escalate to management for further investigation.
  • Design standard and special purpose reports to provide management with information to evaluate the Company’s performance related to fair and responsible lending and servicing.
  • Maintain a proficient level of knowledge of the requirements of various banking laws, regulations, and regulatory guidelines, including but not limited to:  the Equal Credit Opportunity Act (ECOA), Home Mortgage Disclosure Act (HMDA), Fair Credit Reporting Act (FCRA), Fair Housing Act (FHAct), Community Reinvestment Act (CRA), Unfair, Deceptive, or Abusive Acts or Practices (UDAAP), and related regulations.
  • Maintain current knowledge products, programs, operations, systems, and controls.
  • Participate in all aspects of transactional assessments, in accordance with Compliance Testing standards.
  • Perform fair lending and servicing reviews (including underwriting, pricing, comparative file reviews, and regression analyses) to determine the level of compliance with fair lending laws.
  • Prepare and assist with summary reports for presentation to executive management and the Board summarizing results of fairness testing.
  • Review and analyze products and services for applicants and customers with relevant GMI information which are HMDA reportable including, but not limited to, loan originations and loan modification underwriting.
  • Work in partnership with the business by investigating and responding to compliance questions or issues from operations employees.
  • Perform other duties as assigned by Compliance management.

Qualifications

 

ESSENTIAL KNOWLEDGE & SKILLS:

  • Working knowledge of audit/risk assessment techniques and principles
  • Fluency in statistical analysis and ability to execute regression analyses
  • Knowledge of HMDA reporting requirements
  • Excellent interpersonal skills with the ability to maintain confidentiality
  • Clear and concise communication skills
  • Able to work successfully independently and in a team environment
  • Must be action oriented with a great sense of customer focus and a high commitment to quality
  • Experience with mortgage origination and servicing software such as MSP and Encompass
  • Basic knowledge of mortgage business and products
  • Demonstrated ability to structure tasks and manage time effectively
  • Professional Customer Service attitude and focus
  • Knowledge of federal and state regulations

 

 EDUCATION AND/OR EXPERIENCE:

  • Bachelor’s Degree preferred
  • High School Diploma required
  • Minimum 3 years’ experience in Compliance with a working knowledge of HMDA, UDAAP, and Fair Lending laws and regulations
  • Experience in mortgage industry required

 

 

MACHINES, OFFICE EQUIPMENT & SOFTWARE:

  • Proficient in Microsoft Office applications
  • MSP, Encompass and other software used by Rushmore compliance staff
  • Statistics and variance software
  • Familiarity and working knowledge of databases and corporate loan origination and servicing systems

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