HMDA Compliance and Fair Lending Sr. Associate

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Requirements:

• Minimum 5 years of regulatory compliance experience at a bank, mortgage lending company or financial services company
• Deep knowledge of HMDA/Reg C and prior experience with HMDA software and LAR preparation
• Working knowledge of consumer protection laws such as TILA/Regulation Z, RESPA, Regulation X, ECOA/Reg B, FCRA, FACTA, UDAAP, and GLBA
• Knowledge of the CFPB Small Business Lending Rule under the Equal Credit Opportunity Act (Regulation B)
• Ability to effectively communicate regulatory requirements to various business units
• Ability to manage multiple projects while remaining organized and detail-oriented
• Preferred proficiency in SQL for data extraction, analysis, and reporting
• Bachelor’s degree or equivalent experience

Responsibilities:

• Oversee regular collection and reporting of HMDA data collected during the loan application process
• Utilize HMDA software to identify potential errors and work cross-functionally to correct and reconcile errors for report accuracy
• Prepare Figure’s HMDA LAR for final submission and sample/test for accuracy in accordance with Regulation C
• Analyze the existing HMDA program and identify improvement opportunities
• Assist with monthly, quarterly, and annual regulatory reports
• Manage fair lending compliance program; conduct analyses and report findings
• Support vendor management program; due diligence, performance monitoring, and dispute resolution
• Stay updated on changing regulatory requirements
• Conduct compliance testing for federal and state regulations
• Track identified issues and corrective action plans
• Participate in annual risk assessment for applicable laws
• Collaborate with Product and Operations on product updates and changes