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Compliance Specialist, Sr CMC

Date: May 25, 2022

Location: Atlanta, GA, US, 30328

Company: United Bank

Job Description

Responsible for developing, administering and monitoring mortgage company compliance testing programs that ensure the mortgage company’s compliance with all local, federal and state laws, regulations and rules governing operations and product offerings. Responsible for assisting the Operational Compliance Manager in developing and implementing compliance programs and material to assist management in making business decisions that reduce potential risk and/or potential consumer harm related to compliance issues. Responsible for identifying where additional employee training is required as a result of analysis of self-testing and external testing results. .


Essential Duties and Responsibilities include the following.  Other duties may be assigned.

1.    Complete and submit SARs.
2.    Update and create compliance related policies and procedures. 
3.    Review loans on monthly basis for federal and state compliance.
4.    Provide guidance and foster open line of communication with management and individual departments so that administrative managers are aware of their responsibility for ensuring compliance for their areas. 
5.    Assist in researching and responding to state regulatory examinations.
6.    Work across departmental lines to assist users in documenting and testing compliance with new regulatory changes that have gone into effect. 
7.    Serve as an internal authority on relevant laws and regulations, keeping abreast of current changes that may affect operational compliance issues through personal initiative, seminars, training programs, and peer contact. 
8.    Review complaints, concerns, or questions relative to compliance issues and provide consultative leadership and support to all entities as appropriate.

9.     Create written reports and distribute to management regarding self-testing review results. Review responses for proper corrective action and ensure that management responses in a timely manner.

10.    Any other function as deemed necessary by management and the Compliance Committee.

11.    Assist with Fair Lending Analysis.

12.    Provide assistance to internal and third party originators with regards to how federal and state regulations apply to the different channels of business.

Supervisory Responsibilities:

This position does have supervisory responsibilities 

Additional Responsibilities:  
There may be additional responsibilities as defined by Senior Management or the BOD.            



A Bachelor’s degree and a minimum of five years mortgage banking experience with a knowledge of operational compliance, operations and departmental workflows of a wholesale mortgage lender.  Familiarity with state and federal regulations for the financial institution environment is required.  Extensive knowledge of HOEPA, Section 32 and 35 loans, NMLS database usage, RESPA, TILA, HVCC (Appraisal Independence), UDAAP, MDIA, ECOA, FCRA, GLBA and FACTA, Dodd Frank, HOPA, SAFE ACT regulations (this is not an all-inclusive list of all regulatory required knowledge).  Strong interpersonal skills and excellent written communication skills are required.  Must have the ability to analyze and solve problems.  Must have the ability to review and comprehend complex and detailed legal information.  Must be proficient in the use of personal computers using MS-Office applications, such as Word, Power Point and Excel. Must be experienced in working with FDIC and other regulators in coordinating and responding to examination questions and reports. Must exhibit the ability to research and obtain regulatory data quickly.  Should be familiar with Allregs or similar application. Must be proficient in creating and administering tests for regulatory compliance. Must exhibit above average initiative (be a self-starter), and must have the ability to work independently and interact with all levels of Employees, including Management and the Board of Directors.
Language Skills:
    Ability to read, analyze and interpret complex legal documents; ability to read and analyze safety rules, operating and maintenance instructions, and procedure manuals. 

Mathematical Skills:
    Ability to solve a minimum of algebraic mathematical solutions is required. 
Ability to analyze and apply statistics in regression analysis, which may include techniques for modeling and analyzing several variables, when the focus is on the relationship between a dependent variable and one or more independent variables, such as analysis of fair lending and HMDA data. Based on analysis data should be made available to management with the intent to infer causal relationships between the independent and dependent variables and ultimately provide documentation that potential false results may be correlations but not causations that indicate any violation in fair lending laws. Critical data identified would be the duty of compliance to immediately address and require corrective action from senior management and written report to the board of directors.

Company Profile

Crescent Mortgage Company was founded on February 16, 1993 as a wholesale lender for community banks in the Southeastern United States.
Over the past 20 years Crescent has always operated based on a simple and enduring philosophy. We want to be the best SERVICE provider in the mortgage industry. Our goal is to meet or exceed our customers' expectations at every point of contact. Crescent has never had any desire to be the largest lender in the country. As a community bank we know you understand that Bigger is not always Better. In fact, we find as a mid size mortgage lender, we are a perfect fit for community banks! Big enough to provide an expansive suite of loan products and latest technology advancements; Small enough to listen, and custom fit our services based on your banks individual needs.

Today Crescent Mortgage Company lends in 43 states and partners with over two thousand Community Bank, Credit Union, and quality Mortgage Brokers. Because Crescent Mortgage Company has always been prudent in its lending, we do not have the issues faced by many wholesale lenders. Crescent Mortgage Company never made Sub Prime loans, Negative Amortization Loans, or Pay Option ARM's. Therefore, we do not have to focus our time and efforts remedying our past portfolio. Rather, we can focus on the future of mortgage banking and expanding our partnerships with quality partners.

Nearest Major Market: Atlanta

Job Segment: Compliance, Mortgage, Law, Credit Union, Banking, Legal, Finance