HMDA Reporting Analyst

Position Overview

The Home Mortgage Disclosure Act (HMDA) Reporting Analyst plays a crucial role within the compliance and reporting team of a mortgage lender. This position is responsible for collecting, analyzing, and reporting mortgage loan data to meet federal regulatory requirements as stipulated by the Home Mortgage Disclosure Act. The HMDA Reporting Analyst ensures that the institution's mortgage lending practices are transparent, fair, and compliant with applicable laws and regulations.

Essential Duties and Responsibilities, include, but are not limited to:

Data Collection and Management

• Gather and compile mortgage loan data from various internal sources to ensure comprehensive and accurate information for reporting purposes.
• Maintain and update the HMDA Loan Application Register (LAR) to reflect all mortgage loan applications, approvals, and denials.
• Ensure all data fields comply with HMDA requirements and are accurately populated.

Data Analysis and Reporting

• Perform detailed analysis of mortgage loan data to identify trends, discrepancies, and areas of non-compliance.
• Prepare and submit annual HMDA reports to the appropriate regulatory agencies within the required deadlines.
• Generate regular internal reports to inform management of HMDA-related activities and findings.

Compliance and Quality Assurance

• Monitor changes in HMDA regulations and ensure CMG’s reporting practices are updated accordingly.
• Conduct periodic audits of HMDA data to verify accuracy and completeness.
• Collaborate with the compliance team to address and resolve any discrepancies or issues identified during audits.

Training and Support

• Provide training and support to relevant staff on HMDA reporting requirements and best practices.
• Develop and maintain documentation related to HMDA reporting processes and procedures.
• Serve as a point of contact for queries related to HMDA data and reporting.
• Attend compliance related training as assigned.

Qualifications and Experience: 

Education and Experience

• Bachelor’s degree in finance, business administration, statistics, or a related field preferred.
• Must have a minimum of 2-3 years of experience in mortgage lending, compliance, and data analysis.
• Strong understanding of HMDA regulations and reporting requirements.

Skills and Competencies

• Excellent analytical and critical thinking skills.
• Strong attention to detail and accuracy.
• Proficiency in data management and reporting tools, such as Excel, RiskExec and database systems.
• Effective communication and people skills to collaborate with various stakeholders.
• Ability to manage multiple tasks and deadlines in a demanding environment.

SUPERVISORY Direct Reports: N/A

PHYSICAL and ENVIRONMENTAL CONDITIONS:

This role operates in an ADA compliant office environment, utilizing typical office equipment and tasks including computer work. The position may involve partial stationary positions and moving throughout the day. Flexibility to work overtime to meet project deadlines is required.

Base Compensation Information – This is a remote role that can be performed from within the United States. CMG pays a competitive base which ranges from $70,000 to $95,000. Factors that affect base salary may include Specific Mortgage Risk / HMDA experience, overall knowledge of mortgage risk and compliance, number of years worked in mortgage industry, types of roles performed, computer skills, customer service experience specific to working with mortgage lenders, and education.