Mortgage Compliance Officer

Description

 Primary Purpose of Position: The Mortgage Compliance Officer will work with MaineHousing lenders and partners to perform comprehensive loan purchase reviews to ensure loans comply with program regulatory requirements.

Core Functions:

· File Compliance Review (Home Mortgage Purchase Loans): 

• Conduct pre-closing underwriting risk assessments by analyzing borrower debt ratios, credit history, loan-to-value and      compensating factors. 
• Perform residential mortgage compliance reviews for assigned lenders to ensure loans comply with agency policy, bond      regulations, government (FHA, RD, VA) and private mortgage insurer requirements and credit quality standards.
• Identify areas of non-compliance and work with Lenders to resolve deficiencies.
• Identify and evaluate waiver requests.
• Monitor pipeline and work with partners to facilitate electronic loan delivery utilizing MaineHousing’s Lender Online Portal      from reservation through clearing post-closing conditions. 
• Review and discuss common areas of concern, repeated errors or issues with lender partners and internal MaineHousing’s staff
• Serve as technical resource to lenders, real estate professionals and potential home buyers. 
• Monitor receipt of final documents for assigned lenders and work with partners to facilitate delivery.

· Independently research and navigate loan file issues and identify and communicate solutions or alternatives directly with assigned lenders. 

· Conduct training for lenders, real estate professionals and non-profit agencies. Represent MaineHousing at outreach events.

· Other duties as assigned.

Working Conditions: Fast paced environment with multiple priorities, interruptions & deadlines. MaineHousing office hours are Monday – Friday from 8:00am to 5:00pm. A hybrid schedule that includes some telework may be available.

Reports to: Homeownership Manager Supervises: No one

The starting hourly rate for this position is $22.1716 (annual $46,117), plus a comprehensive benefits package, including, but not limited to, health, dental and vision, retirement options with employer match, life insurance, short and long-term disability, employee assistance, generous earned time and all major federal holidays. Employment is eligible for the Public Service Loan Forgiveness Program.

Requirements

Education and Experience: Education and two years of experience in residential mortgage lending, underwriting or post-closing compliance, or a combination of six years of experience, training, and independent study preferred.

Skills and Knowledge: 

· Experience in residential mortgage loan industry 

· Experience in interpreting government regulations and mortgage regulatory compliance and quality control. 

· Proficient computer skills using a variety of software applications, document imaging and database management skills.

· Strong project management, time management, and organizational skills.

· Excellent written and oral communications skills. 

· Experience preparing reports, memos, letters and agreements. 

· Ability to establish and maintain good working relationships with business partners.

· Ability to take initiative, work independently, and utilize creative and analytical skills to resolve issues.

 **Position will remain open until a suitable candidate is found**