Mortgage Compliance Specialist: Licensing, Audits & SARs

Key Mortgage Services; Schaumburg (IL); On-site; USD 65,000 - 75,000; Full time

Benefits offered by this job

Medical

Dental

401k with employer match

Paid Time Off

Volunteer Time Off

Job summary

Key Mortgage Services in Schaumburg, IL seeks a Compliance Specialist to manage day-to-day compliance operations, ensuring mortgage activities meet state and federal requirements. You will process regulatory filings, monitor licensing tasks, handle complaint triage, and assemble documentation for audits.

Reporting to the Compliance Manager, you will serve as the hands-on resource for initial inquiries, assist cross-functional teams, and support SAR reviews and exam preparations.

Qualifications

• Associate or Bachelor's degree in Business, Finance, or related field, or equivalent experience.
• 2–4 years of direct residential mortgage compliance, quality control, or loan processing experience.
• Foundational knowledge of TRID, RESPA, HMDA, ECOA/Reg B, Reg Z, Reg X, FCRA.
• Strong organizational skills with high attention to detail for regulatory deadlines.
• Proficiency with Loan Origination Systems (e.g., Encompass, Empower, Byte) and Microsoft Office.

Responsibilities

• Process NMLS onboarding transfers, sponsorship requests, and Form MU4 filings for loan officers.
• Audit LO profiles during onboarding for state testing, continuing education, and TAO compliance.
• Coordinate annual NMLS license renewal documentation for company and originators.
• Prepare exam document request lists and track post-examination remediation items.
• Monitor and triage the compliance mailbox and draft preliminary complaint responses.
• Perform initial reviews of suspicious loan files for SAR determinations and assemble case files.
• Collect loan files and records for internal, external, and investor audits.
• Maintain central logs for audit findings and coordinate corrective actions with ops.
• Collaborate with QC and fulfillment to pull samples for compliance testing and SOP updates.

Skills

Mortgage compliance

Regulatory knowledge

Organizational skills

Microsoft Office

Loan origination systems

Education

Associate or Bachelor's degree in Business/Finance

Tools

Encompass

Empower

Byte

Job description

Key Mortgage Services in Schaumburg, IL seeks a Compliance Specialist to manage day-to-day compliance operations, ensuring mortgage activities meet state and federal requirements. You will process regulatory filings, monitor licensing tasks, handle complaint triage, and assemble documentation for audits.

Reporting to the Compliance Manager, you will serve as the hands-on resource for initial inquiries, assist cross-functional teams, and support SAR reviews and exam preparations.