Texans Credit Union · 3 days ago
Mortgage Compliance Officer
Richardson, TX
Full-time
Onsite
Mid Level
3+ years expTexans Credit Union is seeking a Mortgage Compliance Officer responsible for ensuring that the Credit Union's mortgage lending activities comply with all applicable laws and regulations. The role involves developing compliance programs, reviewing documents for compliance, and providing guidance on regulatory matters.
AccountingBankingFinancial Services
Responsibilities
Support the credit union's mortgage compliance program
Maintain up-to-date knowledge of mortgage lending laws and regulations, including but not limited to the Equal Credit Opportunity Act (ECOA), Home Mortgage Disclosure Act (HMDA), Fair Housing Act (FHA), Truth-in-Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), TILA-RESPA Integrated Disclosures (TRID, Ability-to-Repay/Qualified Mortgage Rule (ATR/QM Rule)
Stay abreast of new regulations and any changes to existing regulations impacting mortgage lending. Monitor and interpret regulatory changes affecting mortgage lending and work with departments to ensure timely implementation of necessary adjustments, to include updates to policy and procedures
Stay abreast of all new regulatory/legal compliance issues related to mortgage lending, which are in the "pipeline" and develop a high-level analysis of how new regs will impact Texans’ business processes. Develop a milestone chart or other mechanism to manage the pipeline
Review forms, disclosures, and other documents to validate information and ensure compliance with applicable laws and regulations
Conduct regular compliance quality control reviews and work with department leadership to develop corrective action plans
Document and report the results of each review to management
Provide guidance to staff on mortgage compliance matters, including new regulations and best practices, ensuring staff are informed of new obligations and partnering with the department leadership to operationalize
Assist in managing the review and approval process for marketing materials, customer communications, and operational changes to ensure compliance with regulations
Participate in projects to develop and implement new mortgage products, services, or processes to provide relevant input to ensure regulatory compliance
Prepare and submit required regulatory reports and filings in a timely manner
Act as the SAFE Act Officer for the Credit Union
Partner with department leadership to respond to any regulator and/or auditor finding that require response & remediation
Other duties as assigned
Qualification
Required
In-depth knowledge of federal and state regulations affecting mortgage lending
Specific knowledge of mortgage lending policies, procedures, services and products affecting operations
General knowledge of Credit Union or financial institution operations
Ability to read, analyze and interpret policies, procedures, technical journals and legal documents
Ability to respond to common and complex mortgage compliance inquiries
Ability to communicate effectively with all levels of employees and across departments, both orally and in writing, and establish and maintain effective working relationships
Ability to effectively manage time, prioritize work; be detail oriented; handle multiple tasks; and select appropriate courses of action
Ability to work independently, with limited supervision, and as a member of a team, and to be accountable for decisions
Ability to think critically, exercise judgment and sound discretion
Ability to proficiently use MS Office products and Adobe Pro
Bachelor's degree in finance, business administration, or a related field
Minimum of 3 years of experience in mortgage compliance or a related role within the financial services industry
Preferred
Professional certifications such as Certified Mortgage Compliance Professional (CMCP) or similar
Company
Texans Credit Union
Texans Credit Union is a financial, banking, and accounting company.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Tanya Patterson
VP Strategic Solutions
Recent News
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