Mortgage Compliance Analyst

Bungalow Funding, LLC; Alpharetta (GA); On-site; USD 75,000 - 120,000; Full time

Job summary

Bungalow Funding LLC in Alpharetta, GA is seeking a Compliance Manager to lead monitoring of mortgage servicing regulations, licensing, and risk assessment. You will coordinate with regulators, manage vendor oversight, prepare reports for leadership, and drive continuous improvement across controls and documentation.

The role requires 5+ years in mortgage banking or compliance, a Bachelor's degree, and strong MS Office skills.

Qualifications

• Knowledge of state and federal mortgage servicing regulations.
• Develop knowledge of regulatory compliance guidelines in mortgage industry.
• Proficient in Microsoft Office (Word, Excel, PowerPoint, Outlook).
• Strong organizational and time management skills.
• Excellent verbal and written communication.
• Experience with vendor management programs.
• Bachelor's Degree required.
• 5 years of experience in mortgage banking or compliance.
• Experience in the Mortgage industry preferred.
• NMLS experience strongly preferred.

Responsibilities

• Assist with tracking and monitoring trends in mortgage servicing regulations.
• Maintain change management tracking for compliance items and updates.
• Assist with drafting responses to licensing examinations and inquiries.
• Assist with preparing compliance reports for senior management and regulators.
• Monitor complaints relative to federal and state laws, regulations, policies, procedures.
• Conduct trend analysis of firm and subservicer complaint volume, categories, and root causes; report findings to management.
• Support onboarding, auditing, and oversight of mortgage servicers engaged by the firm.
• Coordinate with internal resources on possible changes to processes/controls and/or systems to add value.
• Ensure that compliance issues are evaluated, investigated, and resolved promptly.

Skills

Regulatory compliance

Documentation

Communication

Time management

Vendor management

Education

Bachelor's Degree

Tools

Microsoft Office

NMLS

Job description

Bungalow Funding LLC is an owner and manager of Agency MSRs. It is our mission to be the most analytical, high quality, and customer focused master servicer in the industry.

Bungalow Funding was formed in 2021 and is led by a team of experienced mortgage executives who utilize best in class proprietary technology, processes and products to help ensure that we set our clients up for long-term partnership and success.

Bungalow Funding is an affiliate of Balbec Capital, an SEC-registered alternative investment manager with offices in the United States and Europe. Since its founding in 2010, Balbec has deployed over $29 billion globally through its funds and investment vehicles, seeking to deliver consistent, risk-adjusted returns to investors and long-term partners across asset-based credit strategies.

Job Description & Key Responsibilities

Responsibilities include:

• Assist with tracking and monitoring of emerging issues and trends in mortgage servicing regulations.
• Maintain change management tracking for compliance-related items, including regulatory and investor guideline changes, policy and procedure updates, and process or system changes; monitor implementation through completion and confirm that affected controls are updated.
• Assist with drafting responses to licensing examinations and inquiries from regulatory agencies.
• Assist with preparing compliance reports for senior management and regulators.
• Monitor, handle and/or review responses to complaints relative to federal and state laws, regulations, policies, procedures.
• Conduct trend analysis of firm and subservicer complaint volume, categories, and root causes; identify emerging risks and report findings and recommended actions to management.
• Support onboarding, auditing, and oversight of mortgage servicers engaged by the firm
• Coordinate with internal resources regularly on possible changes to processes/controls and/or systems to add value and/or to remediate identified process/control gaps.
• Ensure that compliance issues or concerns within the organization and its business partners are being appropriately evaluated, investigated, and resolved in a timely fashion.
• Draft and fulfill documentation requests as needed
• Conduct periodic screening of employees, subservicers, and other third parties performing servicing or quality control functions against the Freddie Mac Exclusionary List and the FHFA Suspended Counterparty Program list.
• Monitor subservicer sanctions screening practices, including confirmation that screening scope and parameters reflect current OFAC sanctions programs.
• Review subservicer audit reports, management information, and self-identified compliance failures; track remediation through closure.
• Support the preparation and periodic refresh of compliance risk assessments
• Coordinate and track completion of annual compliance training.
• Maintain compliance policy documentation, including version control, periodic review cycles, and records of review and approval.
• Perform monitoring and oversight activities as a second-line function.
• Licensing
• Manage licensing process in conjunction with third party vendors
• Follow up on any pending and deficient license terms.
• As needed, research federal and state licensing requirements,
• Coordinate and track applicable education and training courses
• Prioritize and complete licensing tasks by state imposed licensing deadlines.

Qualifications & Experience

• Demonstrate knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to mortgage servicing
• Ability to develop knowledge of state and federal regulatory compliance guidelines in the mortgage industry
• Intermediate skills in Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook
• Effective organizational and time management skills
• Effective verbal, written and interpersonal communication skills
• Implement and manage an internal vendor management program
• Bachelor's Degree required
• 5 years experience working in mortgage banking or compliance
• Experience in the Mortgage industry preferred
• Experience with the Nationwide Multistate Licensing System & Registry (NMLS) strongly preferred

Bungalow Funding is committed to ensuring equal employment opportunities for all employees, including qualified employment applicants. The firm strives to maintain an environment free of discrimination based on race, color, religion, gender, national origin, ancestry, age, disability, genetic information, military or veteran status, marital status, sexual orientation, gender identity, citizenship, or any other protected category or characteristics as defined by federal, state or local laws. This equal employment opportunity policy applies to all employment practices, including but not limited to recruiting, hiring, advertising, promotion, transfer, reductions in force, social and recreational programs, training, employee development, compensation and fringe benefits, discipline and termination.