Fair Lending Compliance Officer

Overview:

Position: Fair Lending Compliance Officer

Location: Position can be remote, company headquarters are located in Tustin, California

Position Summary:

The Fair Lending Compliance Officer will be responsible for managing the Fair Lending Program to ensure the organization is operating in compliance with fair lending, anti-predatory and unfair, deceptive and abusive laws and regulations. This role will provide ongoing practical advice, counsel, and advocacy, including: primary responsibility for all credit-related regulatory compliance policies and procedures; interpreting current and proposed laws and regulations as applicable to all aspects of the product lifecycle, customer treatment, models and data use, channel strategy, and marketing; identification and appropriate mitigation of risk, including supervision and evaluation of testing and monitoring and internal reviews; and supporting company responses to government agency examinations and investigations, enforcement actions, private complaints, and litigation.

Responsibilities:

1. Manages NAF’s overall Fair Lending program, including fair servicing and compliance with laws and regulations relating to predatory, unfair, deceptive and abusive acts and practices (“UDAAP”).
2. Performs statistical analyses of NAF’s lending practices, including analyzing redlining risks based on locations of NAF branch offices.
3. Monitors data and findings from NAF’s HMDA program.
4. Presents to NAF’s Fair Lending Committee semi-annually on the state of NAF’s Fair Lending program and the results of fair lending analyses.
5. Reviews policies, processes, and internal controls to determine risk exposure around underwriting, pricing, steering, and other high risk areas to ensure compliance with fair lending and UDAAP laws and regulations and interagency examination procedures.
6. Assesses and investigates the fair lending and UDAAP risks posed by businesses units’ data and practices. Responds and provides assistance to business unit questions and situations on fair lending and UDAAP issues.
7. Stays informed of changes in fair lending and UDAAP laws and regulations, industry and regulatory trends, and best practices in compliance risk management, fair lending and UDAAP.
8. Coordinates and integrates fair lending monitoring results with internal control risk assessment to provide a holistic view of fair lending exposure.
9. Oversees fair lending and UDAAP training program for both the origination and loan servicing businesses.
10. Monitors fair lending and UDAAP complaints and trends.
11. Assists with special compliance projects as needed.

Qualifications:

1. Advanced knowledge and experience in statistical analysis, fair lending regression analysis, and/or algorithmic models, particularly in the fair lending/anti-bias context.
2. Experience with and detailed understanding related to the handling of HMDA LAR data is required for this position.
3. Strong skills related to use of fair lending software and experience with Ncontracts fair lending software will be especially important to serving in this position.
4. In-depth knowledge of state and federal fair lending and UDAAP laws, guidelines, and industry trends, including Equal Credit Opportunity Act (REG B); Truth in Lending Act (REG Z); Home Mortgage Disclosure Act (REG C); Real Estate Settlement Procedure Act (RESPA & REG X); Fair Credit Reporting Act (FCRA); Flood Insurance Regulation; Fair Lending Act; Fair Housing Act; CFPB UDAAP guidelines, State fair lending and UDAAP lending laws, Fannie Mae/ Freddie Mac/FHA/VA/USDA guidelines and the loan process from underwriting through servicing
5. Demonstrated excellent written and verbal communication and interpersonal skills; executive presence when dealing with high-level business leaders
6. Excellent issue spotting, risk assessment, research, and problem-solving/analytical skills; ability to quickly identify key issues, separate the noise, and provide practical advice and solutions
7. Ability to work closely with lawyers, compliance and risk professionals, etc., in a collegial and cooperative manner
8. Excellent organizational/project management skills and attention to detail
9. Initiative and strong work ethic (self-starter); ability to work independently
10. Client focused, emphasis on prompt delivery of quality services
11. Flexibility and adaptability when faced with changing conditions or priorities in a fast-paced environment
12. Strong attention to detail, highly organized with the ability to manage multiple projects at once
13. Proficient with Microsoft Office software including strong Excel skills
14. Working knowledge of the lending function from product development to implementation. Audit, underwriting and secondary market documentation knowledge is required.
15. Experience working for a high-volume non-bank mortgage lender is a plus for serving in this position at our company.

Desired Education/Experience:

1. 4+ years of regulatory compliance experience or as a regulatory examiner with emphasis in fair lending and experience in Home Mortgage Disclosure Act (HMDA) data analysis
2. 1 + years in a direct supervisor position

Work Authorization: Must be able to verify identity and employment eligibility to work in the U.S.

Other Duties: This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.

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