Lending Compliance Analyst
Offer summary
Qualifications:
Minimum of 3+ years of experience with Encompass software., Understanding of MCR and HMDA submission processes., Familiarity with TRID disclosure timelines is essential., Experience with Vesta LOS and FHA Connection administration is preferred..Key responsibilities:
- Own and manage TRID disclosure timelines as a lending expert.
- Monitor ECOA compliance and assist MLOs with fee analysis.
- Review and reconcile interest rate locks and perform billing reconciliations.
- Conduct compliance testing and assist with regulatory submissions.
Job description
About the Company
Valon’s mission is to empower every homeowner. We believe the journey of home ownership starts when you get your keys, but lasts far beyond. We’re creating a world where home ownership comes with ease, security, and financial know-how. Our growing team of engineers, operators, product enthusiasts, and experienced servicing professionals are leveraging technology to fundamentally improve the homeownership experience. Through mortgage servicing—the process of paying off one’s mortgage—Valon is taking the first step in transforming the industry one homeowner, and lender, at a time.
Valon’s Compliance team is a growing, fast-paced team with a goal of building a mortgage servicing platform that both empowers mortgage servicing and MLOs to focus on providing exceptional services and also delivers a phenomenally transparent product experience to homeowners. As a Lending Compliance Analyst at Valon, you will own the compliance support functions for Valon’s Lending business area.
About the Role
We are looking for a highly motivated Lending Compliance Analyst to join our Legal, Risk, and Compliance team. In this role, you'll work closely with our business partners in Lending to drive the compliance functions of the lending operations, including disclosure reviews and testing, ECOA monitoring, interest rate lock reconciliation, Encompass billing scrub, Adverse Action reviews, change management review, MLO QA, FHA Connection administration, and VALERI administration. Our team is made up of passionate and critical thinkers who are navigating multiple facets of the mortgage sector within a fast-growing technology and operations-focused business line. If you're interested in joining a collaborative team and making a meaningful impact in the mortgage industry, we encourage you to apply.
Responsibilities
- Own and become the lending expert of TRID disclosure timelines
- Understand and assist MLOs on fee analysis
- Monitor for ECOA compliance
- Review and reconcile interest rate locks
- Perform Encompass billing reconciliations
- Review and manage Adverse Action second level reviews
- Monitor and test the lending change management process
- Perform targeted compliance testing as needed
- Assist regulatory submissions of HMDA data and NMLS Call Reports
- Assist with state required reporting as needed
Ideal Background
- To be considered for this role, you should have a minimum of 3+ years of Encompass experience
- Experience with the Vesta LOS preferred, but not required
- Understand MCR and HMDA submission
- Have a working knowledge of TRID disclosure timelines
- You can own the administrator role for FHA Connection and VA’s VALERI systems
What we can offer
- Compensation: Competitive salary and 401k plan
- Health & well-being: we’ll invest in your physical and mental well-being with comprehensive medical, dental, & vision benefits
- Commuter benefits: We offer pre-tax deductions for public transportation, rideshare services, and parking expenses to make your commute more affordable and convenient.
- Grow together: Company wide orientation for you to successfully onboard and other learning & development opportunities including regular review cycles that feature 360 degree feedback
- Generous time off: flexible paid time off, sick days, and 11 company holidays
- Baby bonding time!: 12 weeks off for both birthing and non-birthing parents - fully paid so you can focus your energy on your newest addition
Required profile
Experience
Other Skills
- Detail Oriented
- Collaboration
- Critical Thinking
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