Compliance Specialist: Mortgages and Fair Lending

First State Bank – Job Description

Job Title: Compliance Specialist: Mortgages & Fair Lending

Status : Non-Exempt

Department: Compliance

Reports To: Compliance Officer

Primary Purpose of the Job:

Responsible for ensuring that First State Bank complies with lending regulations and laws with a focus on those that prevent discriminatory lending, especially ECOA, TILA, and RESPA. This position is responsible for regular compliance monitoring, developing/updating fair lending policies and procedures, conducting risk assessments, and analyzing loan data.

Essential Duties:

· Execute risk-based monitoring and testing including documenting findings, identifying root causes and recommending corrective actions for

o Mortgage origination and servicing compliance

o Disclosure accuracy and timing

o Escrow, payments, fees, and servicing practices

o Fair lending and consumer protection requirements

· Support the Bank’s Fair Lending and Community Reinvestment Act Program, assisting with

• • Risk assessments
  • Adverse action notice compliance
  • Pricing, underwriting, and exception monitoring
  • Analysis of lending data, trends, and potential risk indicators.
  • Remediation and documentation of corrective actions related to fair lending findings or examiner feedback.
• Assist with Compliance Audits and Exams, including but not limited to gathering information and reports, coordinating responses, and tracking corrective action of findings

· Attends compliance training/sessions to become knowledgeable and skilled in compliance requirements. Reports requirements to Compliance Officer and may train departmental heads in compliance processes, requirements and controls.

• Create and maintain a courteous and professional relationship with co-workers while maintaining timely and prompt daily attendance

Required and Essential Experience/Skills:

• Bachelor’s degree in related field (or equivalent experience)
• Three to five years related work experience in compliance
• Strong written communication skills with the ability to produce clear, defensible documentation
• Thorough understanding of Fair Lending, ECOA, TILA, RESPA and related regulations
• Ability to research, analyze information and solve problems
• Good attention to detail
• Ability to work independently
• Ability to develop and facilitate training and educate co-workers on regulatory requirements
• Ability to work with all levels of management and staff within the Bank

Preferred Qualifications:

• CRCM, CAFP, or other compliance certification
• Experience monitoring and/or analyzing Fair Lending and CRA data
• Familiarity with mortgage LOS and service Platforms
• Familiarity with NContracts or other Fair Lending/CRA Software

Key Competencies :

• Mortgage and Fair Lending risk awareness, testing, and documentation
• Strong regulatory judgment
• Detail-oriented
• Collaborative approach with mortgage and operations teams
• Examiner-ready mindset

Working Conditions:

• Office environment with little exposure to physical hazards or conditions
• Ability to enter data into a computer and work with computer programs
• Ability to stand and/or sit for long periods of time

WHAT CAN WE OFFER YOU:

• Working with an energetic team focused on making our customers financially successful!
• An opportunity to grow your career and do amazing things!
• Collaborative and energetic work environment
• Incentive program based on performance
• Paid Time Off (PTO) and Paid Holidays for Full Time/Part Time Employees
• Paid time to support your community!
• Health, Dental, Vision (Full Time)
• 401K match and Life Insurance (Full Time/Part Time Employees)
• Educational Assistance Program (Full Time/Part Time Employees)
• Employee Assistance Program

Employees are expected to comply with all laws, regulations, bank policies and procedures, including specifically First State Bank’s Bank Secrecy Act and Anti-Money Laundering Policy and procedures, and its Customer Identification Program. Failure to comply with either the letter and/or spirit of these laws may result in disciplinary action, up to and including termination.

This job description does not list all the duties of the job. Supervisors or managers may ask you to perform other instructions and duties. You will be evaluated in part based on your performance of the tasks listed in this job description.

Management has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.

Essential Duties:

·         Execute risk-based monitoring and testing including documenting findings, identifying root causes and recommending corrective actions for

o   Mortgage origination and servicing compliance

o   Disclosure accuracy and timing

o   Escrow, payments, fees, and servicing practices

o   Fair lending and consumer protection requirements

·         Support the Bank’s Fair Lending and Community Reinvestment Act Program, assisting with

• • Risk assessments
  • Adverse action notice compliance
  • Pricing, underwriting, and exception monitoring
  • Analysis of lending data, trends, and potential risk indicators.
  • Remediation and documentation of corrective actions related to fair lending findings or examiner feedback.
• Assist with Compliance Audits and Exams, including but not limited to gathering information and reports, coordinating responses, and tracking corrective action of findings
•  Attends compliance training/sessions to become knowledgeable and skilled in compliance requirements. Reports requirements to Compliance Officer and may train departmental heads in compliance processes, requirements and controls.

• Create and maintain a courteous and professional relationship with co-workers while maintaining timely and prompt daily attendance