Mortgage Compliance Specialist: Licensing, SAR & Audit

KEY

Schaumburg (IL)

On-site

USD 65,000 - 75,000

Full time

14 days+

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Benefits offered by this job

Medical

Dental

401k with employer match

Paid Time Off

Volunteer Time Off

Job summary

KEY is seeking a Compliance Specialist in Illinois to manage daily mortgage compliance operations, regulator filings, and audits under the Compliance Manager. You will triage inquiries, gather documentation, and support SAR reviews and cross‑functional improvements.

You will work with LO systems like Encompass and Empower, coordinate renewals, and ensure adherence to TRID, RESPA, HMDA, and related regulations while maintaining meticulous records and timely responses.

Qualifications

Requires Associate or Bachelor's degree in Business, Finance or related field.
2–4 years of direct residential mortgage compliance, quality control, or loan processing experience.
Foundational knowledge of key federal mortgage regulations (TRID, RESPA, HMDA, ECOA/Reg B, Reg Z, Reg X, FCRA).
Strong organizational skills with high attention to detail for tracking recurring regulatory deadlines.
Proficiency with LO systems (Encompass, Empower, Byte) and Microsoft Office.

Responsibilities

Process NMLS onboarding transfers, sponsorship requests, and Form MU4 filings for new Loan Officers.
Audit LO profiles during onboarding for state testing, continuing education, and TAO compliance.
Coordinate annual NMLS license renewal documentation for the company and individual originators.
Prepare exam document request lists (DRLs) and track post-examination remediation items.
Monitor and triage the compliance department mailbox daily and resolve inquiries.