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Digital Federal Credit Union · 2 weeks ago

Mortgage Risk Analyst I, Full-Time, Hybrid MA

Marlborough, MA

Full-time

Hybrid

Senior Level

$30/hr - $33.70/hr

5+ years exp

Digital Federal Credit Union is the largest credit union headquartered in New England, serving over one million members nationwide. They are seeking a Mortgage Risk Analyst I who will be responsible for performing regulatory compliance tests and analysis of mortgage loans and home equity loans/lines, while supporting the Mortgage Department in maintaining an efficient regulatory program.

BankingFinanceFinancial Services

Comp. & Benefits

No H1B

Responsibilities

Support the Mortgage Department to develop and maintain an optimized and efficient regulatory program for mortgage loans and home equity loans/lines

Perform ad hoc quality assurance testing to ensure internal policies and procedures are adhered to within the mortgage lending process

Track and report the results of testing, providing both technical and functional suggestions to enhance the member experience through the lending process and create efficiencies for mortgage lending personnel

Work with the Mortgage Risk and Compliance Departments to revise and implement existing and future regulatory needs throughout the mortgage lending and servicing areas

Work with Mortgage Department leadership on internal and external audit examinations, assisting in the resolution of any outstanding issues

Responsible for maintaining a mortgage lending compliance program in various areas, such as Fair Lending, HMDA, and TRID

Assist in the design and implementation of projects and activities to further the growth of mortgage lending at DCU

Work with Mortgage Risk leadership to develop the Mortgage Department’s annual compliance testing plan

Develop Key Risk Indicators (KRIs) for early warning signs of compliance concerns

Monitor various indicators of risk – KRIs, QC results, compliance testing results, complaints, risk assessment results, etc., to identify weaknesses and assist in remediating

Review new products/services for potential compliance concerns; prepare risk assessments

Maintain knowledge of, and adhere to, the Credit Union’s internal compliance policies and procedures

Provide innovative, detailed, and practical solutions to an extensive range of demanding and complicated problems

Make recommendations for changes to procedures and documentation

Create and maintain gap analysis detail reporting

Manage large data sets, troubleshoot, and develop efficient processes for collecting and aggregating data

Communicate effectively with team members and Mortgage Department leadership

Identify issues and escalate as needed

Perform other job-related duties as assigned

Qualification

Mortgage lending experienceRegulatory compliance knowledgeData management skillsBA/BS DegreeStateFederal regulationsSecondary Market guidelinesTechnical SkillsProfessional communication