Loan Servicing HMDA Specialist II

Centennial-Bank; Conway (AR); On-site; USD 52,000 - 70,000; Full time

Job summary

Centennial-Bank in Conway, AR seeks a Loan Servicing HMDA Specialist II to review loan data in the LOS, determine HMDA reportability, and report to the HMDA LAR.

The role requires staying current on HMDA requirements, ensuring questionnaires are completed accurately, inspecting HMDA fields, and coordinating with departments to resolve data issues.

A four-year degree plus four years of related experience is expected; strong organizational skills and attention to detail are essential.

Qualifications

• Broad knowledge in accounting, finance, or business administration; four-year degree plus 4 years experience or equivalent.
• Ability to review loan data for HMDA reportability and ensure compliance.

Responsibilities

• Review loan applications in LOS for HMDA reportability.
• Verify HMDA actions are correctly recorded in LOS.
• Ensure HMDA questionnaire completion within LOS is accurate.
• Inspect HMDA-related fields in LOS for completeness and accuracy.
• Report any HMDA non-compliance issues.
• Collaborate to update HMDA policies and procedures.
• Review loan data and credit files for HMDA reporting accuracy.
• Analyze loan applications and underwriting documents for HMDA reporting decisions.
• Coordinate with departments to resolve data inconsistencies in HMDA reporting.
• Complete required compliance training.
• Maintain alertness and safety in daily work.
• Perform other related duties as assigned.

Education

Bachelor's degree or equivalent

Tools

LOS (Loan Origination System)

HMDA LAR reporting software

Job description

Operations Center 2
Conway, AR 72032, USA

Description

GENERAL DESCRIPTION OF POSITION

The Loan Servicing HMDA Specialist II is responsible for reviewing application and loan information contained in the Loan Origination System (LOS) to determine HMDA reportability, verify whether the correct action as defined by the Home Mortgage Disclosure Act (HMDA) for all related loans has been taken, and perform reporting on the HMDA Loan Application Registry (LAR) for applicable data points.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Maintains a working knowledge of the Home Mortgage Disclosure Act (HMDA) requirements and the banks lending practices and procedures to perform a thorough and accurate comparative loan analysis.

2. Ensures that lenders complete the HMDA Questionnaire within the LOS accurately.

3. Inspects all HMDA-related fields within the LOS to ensure completion and accuracy.

4. Reports any issues or concerns about non-compliance with HMDA regulatory requirements.

5. Collaborates in the update of HMDA policies and procedures.

6. Reviews loan application data and credit files for accuracy in reporting consistent with the requirements of HMDA.

7. Analyzes and interprets loan applications and related documents gathered during the loan underwriting process to decision.

8. Coordinates with various departments to resolve inconsistencies in application and loan data to recommend warranted changes to ensure efficiency and accuracy in reporting HMDA data.

10. Completes required BSA/AML training and other compliance training as assigned.

11. The ability to work in a constant state of alertness and in a safe manner.

12. Perform any other related duties as required or assigned.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

EDUCATION AND EXPERIENCE

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 4 years related experience and/or training, or equivalent combination of education and experience.

COMMUNICATION SKILLS

Ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals; ability to write routine reports and correspondence. ability to read, analyze, and understand general business/company related articles and professional journals; ability to speak effectively before groups of customers or employees.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.

CRITICAL THINKING SKILLS

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

SOFTWARE SKILLS REQUIRED

Intermediate: Database, Spreadsheet, Word Processing/Typing

Basic: 10-Key, Accounting, Alphanumeric Data Entry, Presentation/PowerPoint

WORKING CONDITIONS

Periodically exposed to such elements as noise, intermittent standing, walking, pushing, carrying, or lifting; but none are present to the extent of being disagreeable.

ENVIRONMENTAL CONDITIONS

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

PHYSICAL ACTIVITIES

The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making.

While performing the functions of this job, the employee is regularly required to stand, walk, sit, use hands to finger, handle, or feel, reach with hands and arms, talk or . The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision; and color vision.

ADDITIONAL INFORMATION

-Four (4) years of related experience and/or training
-Must have strong organizational skills and the ability to prioritize multiple competing tasks seamlessly and with excellent attention to detail

Qualifications

Education

Preferred

Bachelors or better.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.