Due Diligence Compliance Analyst
WHO WE ARE
We’ve created a platform that has not only streamlined the process and made it more efficient - closing loans 45%+ faster - but has made mortgages more accessible in the process. Our mission is clear: democratize mortgages by helping lenders work more efficiently and stay compliant while eliminating the barrier to entry and the stress for the borrower. We are a company focused on a supportive, diverse, and inclusive culture - live through our values of Rigor, Ownership, Curiosity, Kindness, and 'Straight Up' - to bring equality to the mortgage process and spread financial empowerment. Intrigued? Read on and say hello!
JOB SUMMARY:
As a Compliance Analyst (for Due Diligence), you enjoy digging in to ensure loan files and fees are accurate and compliant with regulatory standards. You understand what is needed to properly investigate and validate apparent regulatory compliance violations. To ensure a smooth transition from Compliance Analysis to Credit Review and beyond, you enjoy cross-functional collaboration with our Data Capture, Credit Review and Transaction Management teams.
WHO YOU ARE
Ability to meet production quality and service standards
High technical aptitude - familiarity with Slack, Zoom, GSuite, Microsoft Office
Strong written and verbal communication skills - analytical ability, good judgement, detail-oriented and organized
WHAT YOU’LL BE DOING
Reviewing loan packages, underwriting guidelines, or data files to identify the documentation necessary for the review
Capture required information from such information, which may include bookmarking the relevant pages where such information can be located, in a designated place
Audit loans to determine salability or conduct final review of loan documentation for accuracy and completeness
Identifying and documenting any discrepancies during audit, document issues in the process
Entering data, fees from LEs, CDs and COCs into system of record and running analysis to test for issues
Ensuring any exceptions are captured and recorded for incorrect or missing documentation, data errors, and any errors on the LE's and CD’s
Researching and responding to rebuttals and responses to findings
Maintaining communication with internal contacts as necessary to ensure expectations and timelines are met; escalating issues, as needed
Running system logic against information captured and handling any exceptions that may come from the application of this logic against the data captured
Applying exceptions and handling validations where necessary to ensure a complete and accurate review
Accurate tracking of the time spent on reviews
IDEALLY, YOU’LL HAVE
3 years of experience in Quality Control/Due Diligence/Secondary Market as well as preferred fraud investigative reviews, specifically within banking or lending (required).
Knowledge of the principals and compliance regulations and documentation applicable to mortgage lending.
Mavent and Lauramac experience.
Compensation Range: $28.85 – $31.25 / Hour
WHAT WE OFFER YOU
An opportunity to be a key part of an agile team of thinkers and doers collaborating to change a multi-trillion-dollar industry. We offer meaningful equity at a growth-stage company, a competitive salary, top-tier medical, dental, and vision insurance, and flexible work hours and vacation time.
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Due Diligence Compliance Analyst
WHO WE ARE
We’ve created a platform that has not only streamlined the process and made it more efficient - closing loans 45%+ faster - but has made mortgages more accessible in the process. Our mission is clear: democratize mortgages by helping lenders work more efficiently and stay compliant while eliminating the barrier to entry and the stress for the borrower. We are a company focused on a supportive, diverse, and inclusive culture - live through our values of Rigor, Ownership, Curiosity, Kindness, and 'Straight Up' - to bring equality to the mortgage process and spread financial empowerment. Intrigued? Read on and say hello!
JOB SUMMARY:
As a Compliance Analyst (for Due Diligence), you enjoy digging in to ensure loan files and fees are accurate and compliant with regulatory standards. You understand what is needed to properly investigate and validate apparent regulatory compliance violations. To ensure a smooth transition from Compliance Analysis to Credit Review and beyond, you enjoy cross-functional collaboration with our Data Capture, Credit Review and Transaction Management teams.
WHO YOU ARE
Ability to meet production quality and service standards
High technical aptitude - familiarity with Slack, Zoom, GSuite, Microsoft Office
Strong written and verbal communication skills - analytical ability, good judgement, detail-oriented and organized
WHAT YOU’LL BE DOING
Reviewing loan packages, underwriting guidelines, or data files to identify the documentation necessary for the review
Capture required information from such information, which may include bookmarking the relevant pages where such information can be located, in a designated place
Audit loans to determine salability or conduct final review of loan documentation for accuracy and completeness
Identifying and documenting any discrepancies during audit, document issues in the process
Entering data, fees from LEs, CDs and COCs into system of record and running analysis to test for issues
Ensuring any exceptions are captured and recorded for incorrect or missing documentation, data errors, and any errors on the LE's and CD’s
Researching and responding to rebuttals and responses to findings
Maintaining communication with internal contacts as necessary to ensure expectations and timelines are met; escalating issues, as needed
Running system logic against information captured and handling any exceptions that may come from the application of this logic against the data captured
Applying exceptions and handling validations where necessary to ensure a complete and accurate review
Accurate tracking of the time spent on reviews
IDEALLY, YOU’LL HAVE
3 years of experience in Quality Control/Due Diligence/Secondary Market as well as preferred fraud investigative reviews, specifically within banking or lending (required).
Knowledge of the principals and compliance regulations and documentation applicable to mortgage lending.
Mavent and Lauramac experience.
Compensation Range: $28.85 – $31.25 / Hour
WHAT WE OFFER YOU
An opportunity to be a key part of an agile team of thinkers and doers collaborating to change a multi-trillion-dollar industry. We offer meaningful equity at a growth-stage company, a competitive salary, top-tier medical, dental, and vision insurance, and flexible work hours and vacation time.