Quality Control Specialist - HMDA
Mechanics Bank, Roseville, CA, United States
Mechanics Bank is currently searching for a Quality Assurance and HMDA Specialist to join our team. This role will be working on‑site.
What you will do:
Risks Analysis, Data Collection and Validation
Collect and validate mortgage loan data to ensure accuracy and completeness in accordance with HMDA requirements. Perform risk analysis, data integrity checks and decide on deficiencies identified during the review process. Review and analyze mortgage applications, credit reports, appraisals, income and asset documents to determine accuracy and completeness per guideline requirements. Ensure that deficiencies captured during the review process are corrected and clearly documented, providing a thorough audit trail.
Conduct pre‑funding and funding reviews of all types of residential loans (Conventional, FHA & VA) and ensure that loans originated are in compliance with bank and investor requirements as set forth in the bank’s Quality Assurance Pre‑Funding and Funding Policies and Procedures.
Reporting
Prepare and submit HMDA reports to the compliance team, ensuring timely and accurate submissions. Create QA reports.
Compliance Monitoring
Monitor and review loan files for HMDA compliance, identifying and addressing any discrepancies or issues.
Training and Support
Provide training and support to internal teams on HMDA requirements and best practices.
Provide training as needed to educate group or team on the details of the pre‑funding/funding audits.
Audit Preparation
Assist the compliance team with related questions, providing necessary documentation and information.
Policy and Procedure Development
Develop and maintain policies and procedures related to HMDA compliance, ensuring they are up‑to‑date and in line with regulatory changes.
Collaboration
Work closely with various departments, including underwriting, fulfillment, sales and compliance, to ensure data integrity and compliance with HMDA requirements.
Projects
Travel 10 - 20% of the time.
Qualifications
High School diploma or GED required.
Minimum 3 years of experience in mortgage and consumer lending, with HMDA compliance expertise.
Additional experience may be considered in lieu of a degree.
Strong understanding of HMDA regulations and reporting requirements.
Excellent analytical thinking, problem‑solving, research and stress management skills.
Detail‑oriented with strong organizational skills.
Effective communication and interpersonal skills.
Proficiency in mortgage software such as Encompass, HMDA Wiz and Microsoft Office Suite.
Must be effective in presenting information to small and large groups.
Ability to work effectively without direct supervision.
ADA Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.
The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.
The employee must occasionally lift and/or move up to 10 pounds.
Specific vision abilities required by this job include close vision.
The noise level in the work environment is usually moderate.
Pay Range: $25.93 - $48.48 hourly.
AIP Bonus up to 7.5%.
Benefits
Medical, prescription, dental, and vision coverage for employees and their eligible family members.
Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits.
Health Savings Account with employer contribution.
HealthCare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit.
401(k) and Roth 401(k) with company contribution.
529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program.
Supplemental Health plans, Voluntary Legal and Identity Theft Services.
11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year.
Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply).
The final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.
Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.
To learn more about Mechanics Bank’s California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit the California Privacy Policy for Prospective Employees.
#J-18808-Ljbffr
What you will do:
Risks Analysis, Data Collection and Validation
Collect and validate mortgage loan data to ensure accuracy and completeness in accordance with HMDA requirements. Perform risk analysis, data integrity checks and decide on deficiencies identified during the review process. Review and analyze mortgage applications, credit reports, appraisals, income and asset documents to determine accuracy and completeness per guideline requirements. Ensure that deficiencies captured during the review process are corrected and clearly documented, providing a thorough audit trail.
Conduct pre‑funding and funding reviews of all types of residential loans (Conventional, FHA & VA) and ensure that loans originated are in compliance with bank and investor requirements as set forth in the bank’s Quality Assurance Pre‑Funding and Funding Policies and Procedures.
Reporting
Prepare and submit HMDA reports to the compliance team, ensuring timely and accurate submissions. Create QA reports.
Compliance Monitoring
Monitor and review loan files for HMDA compliance, identifying and addressing any discrepancies or issues.
Training and Support
Provide training and support to internal teams on HMDA requirements and best practices.
Provide training as needed to educate group or team on the details of the pre‑funding/funding audits.
Audit Preparation
Assist the compliance team with related questions, providing necessary documentation and information.
Policy and Procedure Development
Develop and maintain policies and procedures related to HMDA compliance, ensuring they are up‑to‑date and in line with regulatory changes.
Collaboration
Work closely with various departments, including underwriting, fulfillment, sales and compliance, to ensure data integrity and compliance with HMDA requirements.
Projects
Travel 10 - 20% of the time.
Qualifications
High School diploma or GED required.
Minimum 3 years of experience in mortgage and consumer lending, with HMDA compliance expertise.
Additional experience may be considered in lieu of a degree.
Strong understanding of HMDA regulations and reporting requirements.
Excellent analytical thinking, problem‑solving, research and stress management skills.
Detail‑oriented with strong organizational skills.
Effective communication and interpersonal skills.
Proficiency in mortgage software such as Encompass, HMDA Wiz and Microsoft Office Suite.
Must be effective in presenting information to small and large groups.
Ability to work effectively without direct supervision.
ADA Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.
The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.
The employee must occasionally lift and/or move up to 10 pounds.
Specific vision abilities required by this job include close vision.
The noise level in the work environment is usually moderate.
Pay Range: $25.93 - $48.48 hourly.
AIP Bonus up to 7.5%.
Benefits
Medical, prescription, dental, and vision coverage for employees and their eligible family members.
Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits.
Health Savings Account with employer contribution.
HealthCare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit.
401(k) and Roth 401(k) with company contribution.
529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program.
Supplemental Health plans, Voluntary Legal and Identity Theft Services.
11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year.
Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply).
The final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.
Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.
To learn more about Mechanics Bank’s California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit the California Privacy Policy for Prospective Employees.
#J-18808-Ljbffr