Loan Products Compliance Specialist

Loan Products Compliance Specialist

Strongsville, OH 44136

Overview

Position Type Full Time Category Quality Control

Description

An integral part of the Product Development team that has overall responsibility for areas representing the IT, Sales, and Operations departments. This role maintains and analyzes all product development, product analytics, and training for new product integration, to ensure full compliance with guidelines, documentation and fees. Works closely with Compliance/QC Dept. to ensure products/investors and loan documents are compliant with regulatory guidelines. Responsible for implementing products/documents so that the company's investor funding efficiency goals are exceeded.

At UHM, we understand diversity comes in many different forms. It's our commitment to improve inclusion in the workplace through programs and policies that establish a positive and inclusive environment where every Partner, regardless of their background, can grow and excel. We value diversity, educate on equity, and create inclusive partner opportunities to ensure that you know #U Belong AtUHM!

DUTIES & RESPONSIBILITIES include the following. Other duties may be assigned.

IT:

• Maintain and update all program related files.
• Programming of all individual loan products offered to customers.
• Work with software providers for resolution of any problems.
• Update and create loan document for compliance of loan file.
• Program all fees for current investor related products and regions.
• Ensure that all guidelines and filters are updated in a timely accurate manner.
• Maintain High Cost Calculator

Sales:

• Analyze potential product needs and investor relationships.
• Obtain all information needed from investors for new relationships.
• Conduct and draft all training related to new product rollout and/or product changes for existing loan officers.
• PartnerNet administrator for all investor related links and/or pertinent information.

Compliance/QC:

• Works closely with Quality Control to ensure products, programs and documents are compliant.
• Effectively introduce new products/investors to the company upon completion of risk assessment analysis of the entire loan origination process.
• Provide all material for potential new investor relationships to develop training procedures for the company to roll out in a timely manner.

Product Management:

• Analyze potential product needs and investor relationships.
• Obtain all information needed from investors to qualify and determine the need to develop a new relationship.
• Coordinate with the Training Department to draft all training related to new product rollout and/or product changes for existing staff.
• Implementation of individual investors and loan products offered to customers.
• Housing Finance Agency management.
• Test and report on Encompass software in relation to upgrades or software errors.

Special Projects:

• Work closely with members of the Senior Leadership and Rudy Committees to analyze special projects and develop action plans with date controls and accountability.
• Responsible for the translation of strategic ideas through implementation.
• Responsible for ensuring appropriate regulatory upgrades for Quality Control and Compliance.
• Ensure accurate and timely systems testing.
• Responsible for completing regulatory reviews.

Qualifications

SKILLS REQUIRED

• Retail/Wholesale mortgage banking knowledge.
• Knowledge of all mortgage products, Government and Conventional.
• Investor relations experience.
• Strong verbal and written communication skills.
• Excellent Organizational skills.
• In-depth analytics skills and knowledge.
• Mortgage software programming knowledge is a plus.

EDUCATION & EXPERIENCE

• Bachelor's degree preferred or equivalent work experience.
• Experience in mortgage operations, sales, training or compliance required
• Product Development experience a plus

This employer participates in E-Verify. If hired, the employer will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.

Union Home Mortgage Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.