Cornerstone Capital Bank · 2 months ago
Director, Mortgage Originations Compliance
Denver, CO
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expCornerstone Capital Bank is a new bank, with over $330 million in capital and $2.8 billion in total assets, and arises from the combination of mortgage industry giant Cornerstone Home Lending and community banking standout Roscoe State Bank. The Director of Mortgage Originations Compliance will ensure compliance with all relevant laws and regulations in mortgage operations while providing strategic oversight of the Compliance Program for the Mortgage Lending Division.
Financial Services
Responsibilities
Lead the coordination of state examinations and agency reviews: Act as the primary contact for state and federal regulatory examinations and agency reviews Communicate and establish relationships with regulatory personnel Act as the liaison between state regulators and Cornerstone Coordinate information requests by state regulators and agency reviewers Manage all aspects of state examinations and agency reviews Develop efficient processes that create a more streamlined and transparent examination and review management process
Stay abreast of regulatory changes that impact Mortgage Originations and fulfill responsibilities outlined in the Bank’s Regulatory Change Management Procedure
Document issues identified during state examinations, agency reviews, compliance testing, or other activities, in adherence with Bank’s Issue Management Program
Manage the Bank’s Consumer Complaint Program: Manage all aspects of mortgage related consumer complaints, including resolution of these matters Develop efficient processes that create a more streamlined and transparent consumer complaint and management process Manage the enterprise complaint reporting process, including the intake, investigation, resolution, and reporting of complaints Analyze complaint data to identify trends and make recommendations for process improvements; provide related Board reporting Ensure that all complaint-related documentation is maintained and accessible for regulatory reviews and audits
Oversee and manage all aspects of state licensing and NMLS registration processes for the Bank and all AfBAs; manage licensing team to ensure proper licensures are in place and to ensure processes and procedures are maintained
Maintain various aspects of the Compliance Management System for the Mortgage Lending Division
Provide clear and concise reporting related to above responsibilities to senior management, the Enterprise Compliance and Operational Risk Committee, and Audit and Risk Committee
Serve as subject matter expert on mortgage origination regulations
Maintain knowledge of applicable local, state, and federal laws and regulations, investor guidelines, and industry best practices to provide subject matter expertise, ensure adherence to the Board’s risk appetite, and identify emerging risks
Champion Enterprise Compliance and strong risk culture across the organization
Effectively and efficiently complete any other special projects or tasks as assigned
Collaborate with senior business leaders, to provide leadership, expert guidance, partnership, and support in the execution of the Bank’s Enterprise Risk Management Programs
Qualification
Required
Minimum 10 years of experience in a senior leadership role with a demonstrable track record of building and leading successful compliance management systems within the mortgage industry
Demonstrated understanding of compliance systems and controls utilized to implement a strong compliance framework designed around the three lines of defense model
Extensive Risk and Compliance management experience within the financial services industry, with expert knowledge of laws, rules, and regulations related to banking, at the federal and state level, with specific experience related to mortgage originations, such as: Unfair, Deceptive, or Abusive Acts or Practices (UDAAP); Privacy; Real Estate Settlement Procedures Act (RESPA); Truth in Lending Act (TILA/Reg. Z); Equal Credit Opportunity Act (ECOA/Reg. B)
Expert knowledge of risk management practices and regulatory expectations, with an ability to distill complex regulatory requirements and expectations into solution-oriented, actionable steps
Strong analytical reasoning, problem solving, and critical thinking skills
Strong attention to detail with a hands-on approach
Strong research skills
Excellent communication (verbal and written) and organizational skills
Ability to apply compliance regulatory requirements to complex fact patterns and problem-solve viable solutions
Ability to work independently and manage multiple priorities in a fast-paced environment
Ability to multi-task and meet deadlines
Strong proficiency with Microsoft Office (Word, Excel, Outlook, etc.)
Preferred
Bachelor's Degree preferred
CRCM, CERP or regulatory examiner credential preferred
Past experience with the FDIC a plus
Benefits
A full benefits package
The potential for a performance-based bonus
Company
Cornerstone Capital Bank
We are a team of dynamic, enthusiastic, and service-oriented individuals who want to make banking and mortgages easier for you.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Scott Almy
President and Chief Executive Officer
Dana Bustos - National Talent Matchmaker
Talent Acquisition Manager and Business Line Partner, VP
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