Manager, HMDA Compliance

Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.
We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
 

The Manager HMDA Compliance works closely with Legal and Compliance departments as well as other departments in the business at Newrez to ensure the preparation and submission of Home Mortgage Disclosure Act (HMDA) reports as required by federal regulations. The position will also be responsible for the development and implementation of HMDA data test plans to ensure HMDA submissions capture all reportable activity. The Manager HMDA Compliance will also be responsible managing the directing the workflow for the Company’s HMDA team to ensure the data integrity and completeness of the Company’s HMDA activity, and for the preparation of reports to senior management on trends from the Company’s HMDA analysis.

Duties and Responsibilities

• Lead a team responsible for the preparation of the HMDA Loan/Application Register (LAR) quarterly as required by law and in line with Newrez's policies and procedures.
• Create and execute a HMDA Monitoring and testing plan with Head of Originations Compliance to validate the accuracy and completeness of HMDA submission data
• Document and track all gaps requiring remediation, the cure process, and the testing completed to provide closure
• Create remediation strategies to cure gaps and serve as the project manager to cure remediation gaps when appropriate
• Use resources within the various departments at Newrez to best support the remediation effort(s).
• Monitor exception reporting to identify and correct loan data errors loans pursuant to HMDA guidelines and Newrez policy.
• Review key business
• Collaborate with key stakeholders to implement solutions to streamline HMDA data provisioning and preparation.
• Monitor and disseminate information from regulatory agencies to ensure awareness of changes in laws and regulations.
• Performs related duties as assigned by management.

Qualifications and Education Requirements

• Bachelor's Degree is preferred.
• 6-8 years’ compliance experience.
• 5-10 years mortgage industry experience is required.
• At least 5 years prior supervisory experience is required.

• Experience conducting compliance monitoring and testing.
• HMDA experience is required.

Skills, Abilities, and Knowledge

• Strong project-management skills, with a proven ability to coordinate across departments and functions.
• Proven ability to draft procedures and evaluate internal controls.
• Strong work ethic and hands-on approach.
• Ability to address challenging issues while remaining objective and independent.
• Ability to build technical processes and provide compliance related requirements. 
• Demonstrated knowledge and application of consumer protection laws including Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), Fair and Accurate Credit Transactions Act (FACTA), Fair Debt Collection Practices Act (FDCPA), Servicemembers Civil Relief Act (SCRA), Bank Secrecy Act/Anti-Money Laundering (BSA/AML), Electronic Fund Transfer Act (EFTA), Unfair, Deceptive, or Abusive Acts or Practices (UDAAP), and Gramm-Leach-Bliley Act (GLBA). 
• Proven ability to take a project from start to finish.
• Ability to handle several projects at once while staying organized, detail oriented and diligent.
• Strong communication skills - ability to articulate verbally and in writing, plans, processes, policies, and issues to stakeholders.
• Ability to thrive in a fast-paced startup environment.

#LI-NT1

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 Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

By applying to this position candidate acknowledges that this is not a remote role and is required to be on-site.

Last Updated: 9/5/2024

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

Company Benefits:
• Medical (including Health Savings Account & Flexible Savings Account)
• Dental - RX – Vision – Life, Disability Insurance – 401(k) Plan with company match! – Employee Assistance Plan

•  Performance-based Incentives
• Pet Insurance

• Advancement Opportunities

Newrez NOW:

• Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
• 1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
• Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee

• Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions

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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