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  • 1265 Belmont Street
    Boston, MA 02301

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Vendor Loan Compliance Specialist

Eastern Bank • Boston, MA

Posted 4 days ago

Job Snapshot

Degree - High School
Banking - Financial Services
QA - Quality Control, Finance, Distribution - Shipping, Supply Chain, Banking

Job Description

When you join Eastern Bank, you join the largest and oldest mutual bank in the country. We pride ourselves in having knowledgeable and experienced professionals that can provide the expertise, personal attention and service our customers deserve.
As the fourth-largest full-service commercial bank in Greater Boston, we are able to offer you unique opportunities for career growth throughout the organization, as well as a competitive compensation and benefits program.
As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us.


  • Ensures accurate completion of the legal documents prepared by closing attorney post closing to ensure full compliance with TRID and regulatory requirements.  Ensures accuracy of all documents within specific investor requirements so to receive appropriate investor funding for all sold loans.  Follows up on all outstanding items with investors and/or attorneys in a timely fashion ensuring all discrepencies are cleared within required timeframes as mandated by investor and government regulations/requirements.
  • Reviews HMDA data for accuracy to allow for the monitoring of discriminatory and predatory lending practices prior to submission in the HMDA LAR.
  • Input and validate documents in order to coordinate the efficient and accurate completion of loan closings.  Validates and delivers the loan closing net proceeds to the closing agent to meet requirements of closing, rate lock, purchase contract, rescission, etc. while ensuring we have a saleable, insurable and serviceable loan. 
  • Performs administrative and reporting functions in connection with loan funding.  Allocates funds to appropriate accounts and prepares funding reports for Finance Division.  Balances general ledger accounts and follows up on funding concerns and issues with Eastern Bank’s mortgage investors.
  • Compiles and processes all rates and annual percentage calculations for mortgage interest rates.
  • Processes conditional Right to Refinance loans serviced by Eastern Bank.
  • Maintains comprehensive knowledge of mortgage processing systems, state and federal compliance regulations, GSE, private investor and state housing program requirements.


Job Requirements


High school diploma or equivalent and 4+ years mortgage processing/review experience

  • High degree of professionalism
  •  Excellent customer service skills
  •  Excellent interpersonal, communication, and organization skills
  •  Ability to handle multiple tasks
  •  Flexible, able to adapt to change
  •  Working knowledge of FHLMC, FNMA, FHA, and VA documentation guidelines and mortgage lending regulations including
  • truth-in-Lending, RESPA, ECOA, FDPA, HMDA and CRA.
  • Advanced written, oral, and interpersonal communication skills with ability to explain complex calculations, documentation and loan closing requirements
  • Ability to effectively perform multiple tasks under aggressive time constraints
  • Extensive knowledge of mortgage banking products, processes and regulations.
  • Previous Audit experience preferred.

Job ID: 02397
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