Senior Manager Compliance Systems - Originations

Coast One Mortgage; Coppell (TX); On-site; USD 140,000 - 190,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) with employer match

Paid maternity/adoption leave

Job summary

Newrez is seeking a Senior Manager Compliance Systems - Originations to lead the company’s compliance technology and third-party integrations, ensuring adherence to federal, state, and local laws.

The role requires oversight of regulatory testing, disclosure requirements, and product compliance, with leadership of a compliance team and collaboration with internal and external partners.

Qualifications

• 3+ years of management or supervisory experience leading professionals.
• 4+ years of mortgage compliance experience preferred.
• 10+ years of mortgage lending experience required.

Responsibilities

• Oversee development and execution of testing and reports to ensure compliance with RESPA, TILA, ECOA, FCRA, GLBA, HMDA, SAFE Act, and state laws.
• Lead compliance risk assessments and test plan development.
• Act as SME on regulatory disclosure requirements.
• Oversee regulatory fee profiling for compliance with laws.
• Manage integrations with third-party compliance software providers.
• Provide oversight of LOS, POS, and internal applications for regulatory alignment.
• Conduct examinations and prepare remediation plans as needed.

Skills

Leadership

Communication

Project management

Detail-oriented

Problem solving

Education

Bachelor's degree

Tools

Mavent

Compliance Ease

XML

LOS

Job description

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

POSITION SUMMARY:

The Senior Manager Compliance Systems - Originations supports the Company’s compliance management plan through the oversight and management of the Company’s Compliance technology and third-party integrations to ensure that the Company complies with federal, state, and local laws and regulations.

DESCRIPTION:

Duties and Responsibilities

• Support all aspects of the Company’s compliance initiatives, including providing management oversight over the development and execution of testing and reports to comply with the company’s compliance various requirements, including Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), Gramm-Leach-Bliley Act (GLBA), Home Mortgage Disclosure Act (HMDA), Secure and Fair Enforcement of Licensing Act (SAFE Act), and any applicable state specific consumer protection and lending laws.
• Assist in the preparation and execution of the Company’s compliance risk assessments and development of compliance test plans.
• Serve as a Company’s subject matter expert on regulatory disclosure requirements, ensuring that the Company complies with all federal, state, and local disclosure requirements.
• Serve as the Company’s subject matter expert and provide compliance oversight over the Company’s regulatory fee profile, ensuring that all fees programmed and charged comply with federal and state regulations.
• Lead a team in providing compliance oversight over the Company’s new mortgage products and services, including evaluating new product and product updates to ensure regulatory compliance.
• Lead a team of compliance analysts in managing the Company’s integrations with its third-party compliance software providers, including but not limited to automated compliance testing service providers, document generation providers, and any other providers as outlined in the Company’s compliance risk and control plan.
• Provide compliance oversight of the Company’s proprietary systems, including its LOS, POS, and other internal applications to ensure new features and updates comply with federal and state laws and regulations, and investor requirements, as necessary.
• Assist with diagnosing and remediating compliance related technical issues escalated from internal and external parties.
• Conduct annual performance reviews with direct report staff.
• Participate in all aspects of federal, state, and agency/investor examinations as needed, including completing loan file reviews, preparation of examination responses, and the development of remediation plans and post implementation testing to ensure effectiveness.
• Performs related duties as assigned by management.

Qualifications and Education Requirements:

• High School Diploma or equivalent required.
• Bachelor’s degree is preferred.
• Minimum of three (3) years of management or supervisory experience with demonstrated ability to effectively lead other professionals
• 6-8 years of demonstrated mortgage legal and/or compliance experience required.
• 10+ years of mortgage lending experience required.

Skills, Abilities, and Knowledge:

• Excellent interpersonal, written, and oral communication skills.
• Excellent research and writing skills.
• Proven leadership and management skills with demonstrated ability to build a group and realize goals, and to ensure appropriate staffing and organizational structure is in place to support the Company’s operations.
• Strong project management, organization skills and ability to work independently with minimal supervision.
• Must be detail-oriented, demonstrate careful decision-making, and problem resolution skills
• An ability to manage multiple priorities in a fast-paced environment.
• Excellent computer skills with proficiency in Microsoft Outlook, Word, PowerPoint, and Excel.
• Familiarity with mortgage Loan Originations Systems (LOS), documents and Extensible Markup Language (XML) data.
• Experience with Automated Compliance Systems (such as Mavent, Compliance Ease, etc.) is preferred.

Additional Information:

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits:

We offer benefits, programs, and perks that support you in every aspect of your life.

• Medical, dental, and vision insurance

• Health Savings Account with employer contribution

• 401(k) Retirement plan with employer match

• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave

• Adoption Assistance

• Tuition & Certification reimbursement

• Employee Mortgage Loan Program

• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW:

Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.

• 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)

• Matching Gifts Program - dollar-for-dollar up to $1,000

• Access to grants, nonprofit resources, and volunteer opportunities

• More than $6,000,000 donated since 2020

• 1 in 5 employees participates in at least one Employee Resource Group (ERG)
  

Equal Employment Opportunity

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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