Quality Control Specialist (HMDA-Flood)

Union Bank & Trust Company; Lincoln (NE); Hybrid; USD 65,000 - 90,000; Full time

Job summary

Union Bank & Trust Company in Lincoln, NE seeks a Quality Control Specialist to rigorously review HMDA/Reg C and provide flood review support for Wholesale lending, ensuring data integrity and regulatory compliance. The role collaborates with Loan Operations and Compliance, documents findings in QC systems, and participates in audits.

A bachelor's degree and 3 years banking experience preferred; hybrid work from home option after onboarding.

Qualifications

• Bachelor's degree or comparable work experience in banking.
• At least 3 years experience in lending, banking compliance, or related area.
• Solid understanding of HMDA, ECOA, NFIP rules and mandatory insurance requirements.
• Valid Nebraska driver's license.

Responsibilities

• Perform HMDA reviews of residential loan applications and reportability determinations.
• Validate HMDA and GMI data for accuracy and completeness.
• Identify data discrepancies and coordinate corrective actions.
• Submit loans to Compliance for scheduled testing.
• Review flood insurance documents for SFHAs and NFIP compliance.
• Document findings in QC systems and assist audits.
• Provide backup support for HMDA and flood reviews.
• Maintain compliance with bank policies and training.
• Ensure regular attendance.

Skills

HMDA knowledge

Reg C compliance

Data quality

Audit support

Documentation

Communication

Team coordination

Banking experience

Education

Bachelor's degree in Business/Finance

Job description

Position Summary: The Quality Control Specialist is responsible for the accurate execution of Home Mortgage Disclosure Act (HMDA/Regulation C) reviews for the Wholesale Lending units and back-up review for the Retail Lending unit. This role also provides flood review assistance for Wholesale Lending real estate collateral in accordance with Flood Disaster Protection Act and the National Flood Insurance Program (NFIP) requirements. The position focuses on ensuring data integrity, regulatory compliance, and adherence to internal policies, investor requirements, and applicable federal regulations.

Essential Functions:

• Perform Home Mortgage Disclosure Act (HMDA) reviews of residential real estate-related loan applications and transactions, including reportability determinations, and review loan file documentation and HMDA data for completeness, accuracy, and compliance with Regulation C. Functions of review are to:
  • Validate data accuracy for required HMDA data fields, including application information, action taken, loan terms, and Government Monitoring Information (GMI).
  • Identify, document, and expand HMDA data discrepancies, errors, and trends in accordance with established quality control and escalation procedures.
  • Coordinate with Loan Operations, Secondary Market, and Wholesale Lending teams to resolve HMDA findings and support corrective action efforts.
  • Assist with ongoing HMDA regulatory change management and procedural updates.
• Submit monthly and annual Wholesale loans to Compliance for scheduled testing.
  • Submit monthly and annual Secondary Market and In-house loans to Compliance for scheduled testing as needed.
• Conduct thorough reviews of initial flood insurance documentation for Wholesale loans prior to closing. Ensure compliance with federal flood regulations and internal policy requirements. Provide guidance or insight to teams on proper flood loan management. Duties of flood review management are to:
  • Review and validate flood zone determinations, flood notices, insurance coverage amounts, policy terms, and timing requirements.
  • Confirm compliance with mandatory flood insurance purchase requirements for structures located in Special Flood Hazard Areas (SFHAs).
  • Identify, document, and communicate flood compliance exceptions, including insufficient coverage, notice deficiencies, or documentation gaps.
  • Support remediation and corrective actions related to flood compliance findings in coordination with Loan Operations and Compliance.
• Document review results, findings, and supporting evidence in designated quality control systems or tracking tools.
• Assist with periodic reporting of quality control findings, trends, and recurring issues to Quality Assurance leadership.
• Provide supporting documentation and responses for internal audits, regulatory examinations, and compliance reviews.
• Backup responsibilities for complex In-House (Portfolio) and Secondary Market HMDA and Flood reviews.
• Understand and adhere to all bank policies, laws and regulations applicable to their role. Complete compliance training; follow internal processes and controls as required.
• Report all compliance issues, violations of law or regulations in accordance with the steps defined in bank policies.
• Perform other job-related duties or special projects as assigned.
• Regular and reliable attendance is an essential function of this position.

Qualifications:

• Bachelor's Degree in Business Administration, Finance or related field or comparable work experience preferred.
• At least 3 years experience in lending, banking compliance, or related area.
• Solid understanding of the lending industry, concepts, regulations B (ECOA), C (HMDA), and NFIP rules and mandatory insurance requirements and all other lending-related practices.
• Valid Nebraska driver's license.

Preferred Talents:

• Effective Communicator
• Detailed and analytical
• Organized
• Self-directed and takes initiative
• Time efficient and deadline driven
• Independent with a team orientation and good judgment

Working Environment:

Indoor work - not exposed to outdoor elements or hazards.

Some sedentary work and occasional lifting and/or carrying up to ten pounds.

This role is eligible for hybrid work from home opportunity under the work from home guidelines upon completion of onboarding.

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.