Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.
We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
POSITION SUMMARY
The Compliance Analyst - Originations supports the Company’s compliance management plan through the execution of compliance testing, preparation, and monitoring of compliance reporting, and assisting the various lines of business in the development and implementation of policies and procedures to comply with the federal, state, and local laws and regulations.
DESCRIPTION
Duties and Responsibilities
- Support all aspects of the Company’s compliance initiatives, including assisting in the development of policies, procedures, test plans, reports, and technology requirements, to comply with the company’s compliance various requirements, including Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), Gramm-Leach-Bliley Act (GLBA), Home Mortgage Disclosure Act (HMDA), Security and Freedom Enhancement Act (SAFE Act), and any applicable state specific consumer protection and lending laws.
- Assist in the preparation and execution of the Company’s compliance risk assessments and development of compliance test plans.
- Support the Company’s various lines of business by addressing day-to-day compliance matters, including but not limited to answering routine to non-standard questions, identifying, and/or resolving issues, and when applicable, escalating key issues to management.
- Provide compliance support and oversight for the Company’s new product and program launches.
- Assist in the preparation and submission of key compliance reporting requirements, including but not limited to the HMDA Loan/Application Register (LAR), Mortgage Call Report (MCR), and any other routine to non-standard compliance reports, as required by management.
- Coordinate and test routine to non-standard updates and/or enhancements to the Company’s technology platforms, including its proprietary systems, reporting software, and third-party compliance integrations (including Compliance Ease, Mavent, and RiskExec).
- Participate in all aspects of federal, state, and agency/investor examinations as needed, including completing loan file reviews, preparation of examination responses, and the development of remediation plans and post implementation testing to ensure effectiveness.
- Monitor for changes to the federal, state, and local regulatory environment, identify any applicable changes, and assist with the implementation and testing of updated policies, procedures, and technology in connection with updates that affect the Company.
- Performs related duties as assigned by management.
Qualifications and Education Requirements
- High School Diploma or equivalent required.
- Bachelor’s degree is preferred.
- 2-4 years of demonstrated mortgage legal and/or compliance experience required.
- 6+ years of mortgage lending experience required.
Skills, Abilities, and Knowledge
- Excellent interpersonal, written, and oral communication skills.
- Excellent research and writing skills.
- An ability to manage multiple priorities in a fast-paced environment.
- Excellent computer skills with proficiency in Microsoft Outlook, Word, PowerPoint, and Excel.
- Familiarity with mortgage Loan Originations Systems (LOS), documents and Extensible Markup Language (XML) data.
- Knowledge of National Mortgage Licensing System (NMLS) and Federal Housing Administration (FHA) Connection.
- Experience with Automated Compliance Systems (such as Mavent, Compliance Ease, etc.) is preferred.
Additional Information
While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.
By applying to this position candidate acknowledges that this is not a remote role and is required to be on-site.
REVISION HISTORY
Last Updated: 10/21/2024
Additional Information:
While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.
Company Benefits:
Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!
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Medical, dental, and vision insurance
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Health Savings Account with employer contribution
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401(k) Retirement plan with employer match
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Paid Maternity Leave/Parental Bonding Leave
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Pet insurance
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Adoption Assistance
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Tuition reimbursement
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Employee Loan Program
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The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
Newrez NOW:
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Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
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1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
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Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
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Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions
Equal Employment Opportunity
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.
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Top Skills
What We Do
Newrez LLC (Newrez) is a leading nationwide mortgage lender and servicer. As a lender, Newrez focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into an unparalleled customer experience. Founded in 2008 and licensed to lend in 50 states, Newrez is headquartered in Fort Washington, Pennsylvania and operates multiple lending channels, including Correspondent Lending, Wholesale, Direct-to-Consumer, Retail, and a network of joint venture partners. Newrez’s servicing business consists of its performing loan servicing division, Newrez Servicing, and its special servicing division, Shellpoint Mortgage Servicing. Newrez also has several affiliates that perform various services in the mortgage and real estate industries. These include Avenue 365 Lender Services, LLC, a title agency, and E Street Appraisal Management LLC, an appraisal management company. Newrez is member of the New Residential Investment Corp. family. More information is available at www.newrez.com.
© 2022 Newrez LLC {f/k/a New Penn Financial, LLC}. All Rights Reserved. {Doing business as Newrez Mortgage in the states of Arkansas and Texas}. {Website approval pending with the New York Department of Financial Services.} This communication does not constitute a commitment to lend or the guarantee of a specified interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply. Newrez LLC, 1100 Virginia Drive, Suite 125, Fort Washington, PA 19034. Corp NMLS#: 3013 (www.nmlsconsumeraccess.org). Additional licenses available at www.newrez.com. Equal Housing Opportunity.