Compliance Lead

Network Funding, LP; Houston (TX); Remote; USD 120,000 - 180,000; Full time

Benefits offered by this job

Health insurance

Vision insurance

Paid time off

Job summary

A family-owned mortgage company based in Houston, Texas, is seeking a Compliance Lead to monitor compliance with residential mortgage regulations. This full-time, fully remote position requires 7 to 10 years of experience in regulatory compliance. Responsibilities include compliance training, oversight, and dealing with regulatory examinations. Candidates should possess strong knowledge of lending laws, exceptional communication skills, and the ability to identify risks proactively. Competitive health and vision insurance, along with paid time off, are offered.

Qualifications

• 7 to 10 years of experience in residential mortgage regulatory compliance.
• Strong understanding of federal and state disclosure requirements.
• Ability to handle compliance matters and maintain confidentiality.
• Knowledge of disclosure requirements.
• Ability to address legal and compliance issues practically.
• Proactive in identifying risks and proposing solutions.
• Maintains confidentiality and integrity of information.
• Excellent written and verbal communication with regulators and management.
• Self-motivated, adaptable to changing regulatory environments.

Responsibilities

• Monitor compliance with mortgage lending laws.
• Test effectiveness of compliance controls.
• Oversee compliance training programs.
• Participate in the regulatory change management process.
• Research federal and state law.
• Draft, review and comment on internal memoranda and documents on compliance positions.
• Participate in federal and state examinations and developing examination responses.
• Investigate and resolve complex compliance matters related to mortgage loans and regulatory examinations.
• Determine root cause of issues and provide input for corrective action plans.
• Ensure forms/disclosures meet regulatory requirements.
• Oversee and monitor training programs to ensure compliance with laws and company policies.
• Serve as Compliance SME in implementation of new products/services/process changes.
• Administer and oversee the company’s internal audit function.
• Perform special projects as assigned.

Skills

Knowledge of TILA, ECOA, HMDA, RESPA

Legal and compliance issue resolution

Proactive risk identification

Excellent written and oral communication

Organizational and time management skills

Education

Bachelor’s degree in a related field

Tools

Word

Excel

PowerPoint

MS Teams

Job description

Network Funding, LP is a Family-Owned, Family-Focused Mortgage Company with a heart. It was started in 1998 and is based in Houston, Texas. Network Funding’s mission is to continue the American Dream of owning a home.

About the Role

The Compliance Lead is responsible for planning, executing and managing regulatory and compliance efforts within the organization.

Responsibilities

• Monitor laws and regulations related to residential mortgage lending and servicing and impact on compliance and operational risk.
• Independently test and analyze the effectiveness of compliance and controls as assigned including mortgage advertising (print, website, and social media).
• Provide oversight for compliance adherence through self-assessment programs and examinations.
• Participate in the regulatory change management process.
• Research federal and state law.
• Draft, review and comment on internal memoranda and documents on compliance positions.
• Participate in federal and state examinations and developing examination responses (examinations could involve any federal or state residential mortgage lending regulatory bodies).
• Investigate and resolve complex compliance matters related to mortgage loans and regulatory examinations.
• Determine root cause of issues and provide input for corrective action plans.
• Ensure custom forms/disclosures meet regulatory and compliance requirements.
• Oversee and monitor ongoing training programs to ensure compliance with federal and state laws and regulations, and company policies and procedures.
• Serve as Compliance subject matter expert in implementation of new products, services, and/or process changes.
• Administer and oversee the company’s internal audit function.
• Perform special projects as assigned.

Qualifications

• Bachelor’s degree in a related field or equivalent training/experience.
• 7 to 10 years plus of prior experience in residential mortgage regulatory compliance, audit or other mortgage regulatory and compliance operations environment.

Required Skills

• Strong knowledge of all relevant federal and state residential mortgage including but not limited to TILA, ECOA, HMDA, RESPA, GLBA, SAFE Act, UDAAP and FCRA.
• Strong knowledge of federal and state disclosure requirements.
• Ability to deal with legal and compliance issues in a practical and efficient manner.
• Proactive in identifying risks and proposing creative solutions.
• Works with integrity, making sure to maintain confidentiality of sensitive information.
• Excellent communications skills (written and oral), with the ability to effectively communicate with all levels of management, executives and regulators.
• Must be self-motivated, adaptable, and flexible to a changing regulatory environment.
• Demonstrated organizational and time management skills.
• Excellent attention to detail.

Preferred Skills

• Experience with Word, Excel, PowerPoint, and MS Teams.

This is a full-time position. Fully remote position.

• Health insurance
• Vision insurance
• Paid time off

Equal Opportunity Statement

Network Funding is an Equal Opportunity Employer.