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SouthState Bank · 1 day ago

HMDA Compliance Specialist (Remote)

United States

Full-time

Remote

Entry, Mid Level

$49K/yr - $78K/yr

2+ years exp

SouthState Bank is a trusted financial partner known for its commitment to helping customers move forward. The HMDA Compliance Specialist is responsible for validating HMDA data reported by various lending channels to ensure accurate reporting to the CFPB and compliance with regulatory requirements.

BankingFinanceFinancial ServicesLendingWealth Management

Responsibilities

Reading, analyzing, and interpreting loan applications and other loan documentation to appropriately code loans for HMDA reporting purposes

Reviewing loan application data and credit files on a monthly basis to verify the accuracy of data reporting on the HMDA LAR

Coordinating with various lending departments within the bank to resolve errors or inconsistencies found within the HMDA data

Maintaining a good working knowledge of the Home Mortgage Disclosure Act to ensure the LAR is accurately prepared and maintained

Staying up-to-date with the bank’s current lending practices and processes in order to perform a thorough and accurate comparative analysis of HMDA data

Completing all assignments within allotted timeframes as assigned by the HMDA Program Manager

Identifying and reporting potential concerns or non-compliance with the HMDA regulatory requirements

Assisting in the maintenance and update of HMDA policies and procedures

Recommending changes to HMDA validation processes and resources based upon reviews, process changes within the lending channels, or changes in documentation methodologies

Performing other department duties as assigned

Qualification

HMDA complianceLoan documentation analysisBanking experienceMortgage lendingComputer skillsEnglish proficiencyInterpersonal skillsCommunication skills