Sr. Manager, Lenders One and Origination Services Compliance

  • Full-time

Company Description

ARE YOU READY TO WORK AT ALTISOURCE?

  • Are you interested in making an immediate impact on work that matters?
  • Are you looking to join a group of seasoned industry experts, innovators and collaborators relentlessly focused on driving results?

If so, nice to meet you; we are Altisource! We are seeking energetic, highly skilled self-starters who thrive in a dynamic and fast-paced environment. We offer challenging work and great colleagues as well as career development opportunities.

We are looking for a Sr. Manager of Compliance for Lenders One and Origination Services who ensures that Practices and Procedures are fully in line and compliant with Fannie Mae, Freddie Mac, FHA, VA and Rural Development, policies and guidelines, as applicable, and including any functions covered by the Consumer Financial Protection Bureau (CFPB), federal law and regulations. The Sr. Manager, Compliance must have a current comprehensive working knowledge of the mortgage process and procedures including, but not limited to, origination and servicing functions, borrower communication, notification and documentation requirements and borrower account processing. The incumbent must remain current on changes in the mortgage industry and ensure proper dissemination and implementation of those changes in order to protect the companies from agency and regulatory servicing violations and potential monetary fines and other penalties.

Job Description

What you will do....

  • Maintain a current comprehensive working knowledge of all mortgage / mortgage processes and procedures as directed by Fannie Mae, Freddie Mac, FHA,VA and Rural Development, as applicable, and any related federal laws and regulations, especially those originating from the CFPB, including all changes/updates. This includes maintaining a current knowledge of required industry servicing standards, as well as the CFPB Mortgage Examination Procedures.
  • Review and interpret compliance changes/updates to current processes and procedures. Determine how the changes/updates affect the various business units and make recommendations to manager to revise in order to stay in compliance.
  • Research and analyze state specific statutes, regulations, constitutions and any other government laws and regulations, as applicable, to determine each state's requirements for licensing/exemption requirements, restrictions and real estate lending practices.
  • Manage the reporting process and complete the companies' quarterly Call Reports in the NMLS database. Work with executive management and directors to obtain and maintain MU2 information in NMLS.
  • Coordinate with the training departments to implement training for the respective staff to ensure that processes and/or any changes are appropriately and effectively communicated through classroom or web-based training.
  • Monitor, follow-up, and ensure completion of the implementation of agency and regulatory changes.
  • Manage the execution of the Mortgage Compliance Program, including policy and procedure review, consulting, testing and monitoring, and complaint analysis.
  • Ensure that all HMDA reportable loans are extracted from the Loan Operating System and contain all required fields to be reported on an annual basis. Monthly and quarterly review of all data for reporting is completed by comparing the data to imaged documents.
  • Manage the response to all state and governmental requests for information and audits.
  • Monitor the performance of the Compliance Program and related activities on a continuing basis, taking appropriate steps to improve its effectiveness.
  • Ensure that internal and external software requirements are met to produce the necessary reports needed to comply with all reporting and internal needs.

 

Qualifications

As a qualified expert, you have...

  • Mortgage or mortgage servicing experience required, including working knowledge of RESPA and TILA
  • Recent general federal regulatory compliance preferred
  • CRCM preferred
  • Experience as an SME on Mortgage Origination regulations

Additional Information

WORKING AT ALTISOURCE ADVANTAGES:

Prosperity

  • Competitive base salaries!
  • 401k plans with company matching – we want to empower you to further your career, and prepare for retirement!
  • Fully Qualified Candidates Can Make Between Salary Range $75,000 to $108,000

Good Health

  • Comprehensive Medical, Dental, and Vision insurance plans
  • Tax-free Flexible Spending Account
  • Life insurance, short-term, and long-term disability

...and Happiness!

  • Paid holidays, plus 19 days PTO first year for a total of 28 paid days off per year!

Are you up to the challenge? Apply today!

At Altisource we value diversity, and are proud to be an equal opportunity workplace. We do not discriminate against any employee or applicant for employment on the basis of race, religion, color, sex, national origin, gender identity and/or expression, sexual orientation, age, marital status, veteran status, or disability status.

All your information will be kept confidential according to EEO guidelines.

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