The purpose of this position is to ensure the 30 day ECOA timeframe is met per the regulation. This position s responsibilities will be best performed by those with the expertise and knowledge of an experienced mortgage loan processor.
Review files in the loan origination system to create Notices of Action Taken and Notices of Incompleteness.
Pull reports to ensure the 30 day timeframe is met per Reg B
Communicate status updates to the Loan Officer and the Loan Processor, including any required changes based off of the review of the file and/or initial disclosures.
Work with management on compliance changes and coordinate updates and feedback to the branches and originators when needed.
Prepare the HMDA committee sheet before sending to the Mortgage Operations Analyst for review.
Knowledge of mortgage investor guidelines
Thorough knowledge of automated underwriting
Thorough knowledge of compliance/risk guidelines
Ability to understand, apply knowledge, and resolve issues that arise between automated rules and manual rules
Knowledge of Regulation B and Equal Credit Opportunity Act
Excellent organizational, communication, and computer skills
Time management and prioritization skills necessary to manage workload
Ability to plan for contingencies and anticipate problems and identify risks
Ability to build and maintain work relationships and contacts needed to effectively address issues and obstacles
Ability to recognize and respond to feedback on strengths and opportunities
Ability to focus on speed and set the right priorities without compromising accuracy
High school diploma
Three (3) to Five (5) years of related experience, preferably in mortgage loan processing