HMDA Compliance Specialist (Remote)
About the position The SouthState story is one of steady growth, deep community roots, and an unwavering commitment to helping our customers move forward. Since our beginnings in the 1930s to becoming a trusted financial partner across the South and beyond - we are known for combining personal relationships with forward-thinking solutions. We are committed to helping our team members find their success while maintaining the integrity of our values: building trust, fostering lasting relationships and pursuing excellence. At SouthState, individual contributions are recognized, potential is cultivated and team members are inspired to achieve their greater purpose. Your future begins here! SUMMARY/OBJECTIVES It is the responsibility of the HDMA Compliance Specialist to take ownership of all tasks and challenges that they encounter in the operation of their assigned position. The HMDA Specialist is a member of the Fair Banking Team, within the Enterprise Compliance Department, reporting to HMDA Program Management. The HMDA Specialist is responsible to validate the HMDA data reported by various lending channels to ensure that the Bank submits an accurate Loan Application Register to the CFPB, to help effectuate a successful outcome to regulatory examinations. ESSENTIAL FUNCTIONS Reading, analyzing, and interpreting loan applications and other loan documentation to appropriately code loans for HMDA reporting purposes. Reviewing loan application data and credit files on a monthly basis to verify the accuracy of data reporting on the HMDA LAR. Coordinating with various lending departments within the bank to resolve errors or inconsistencies found within the HMDA data. Maintaining a good working knowledge of the Home Mortgage Disclosure Act to ensure the LAR is accurately prepared and maintained. Staying up-to-date with the bank’s current lending practices and processes in order to perform a thorough and accurate comparative analysis of HMDA data. Completing all assignments within allotted timeframes as assigned by the HMDA Program Manager. Identifying and reporting potential concerns or non-compliance with the HMDA regulatory requirements. Assisting in the maintenance and update of HMDA policies and procedures. Recommending changes to HMDA validation processes and resources based upon reviews, process changes within the lending channels, or changes in documentation methodologies. Performing other department duties as assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. COMPETENCIES Ability to coordinate multiple projects, including steady stream of new projects; Ability to interface well with all departments and with people of varying level, title and knowledge; Excellent oral and written communication skills; knowledge of Compliance rules and regulations, Must be detail oriented and comfortable with PC work including Microsoft Outlook, Office, Excel, PowerPoint, etc. and be able/willing to adapt to new software if/as needed.
Responsibilities
- Reading, analyzing, and interpreting loan applications and other loan documentation to appropriately code loans for HMDA reporting purposes.
- Reviewing loan application data and credit files on a monthly basis to verify the accuracy of data reporting on the HMDA LAR.
- Coordinating with various lending departments within the bank to resolve errors or inconsistencies found within the HMDA data.
- Maintaining a good working knowledge of the Home Mortgage Disclosure Act to ensure the LAR is accurately prepared and maintained.
- Staying up-to-date with the bank’s current lending practices and processes in order to perform a thorough and accurate comparative analysis of HMDA data.
- Completing all assignments within allotted timeframes as assigned by the HMDA Program Manager.
- Identifying and reporting potential concerns or non-compliance with the HMDA regulatory requirements.
- Assisting in the maintenance and update of HMDA policies and procedures.
- Recommending changes to HMDA validation processes and resources based upon reviews, process changes within the lending channels, or changes in documentation methodologies.
- Performing other department duties as assigned.
Requirements
- High School Diploma or GED
- 2-4 years banking experience
- Strong interpersonal skills, good computer skills, ability to read, write, speak and understand English.
Nice-to-haves
- Background in mortgage lending, loan compliance, or HMDA preferred.
Benefits
- Benefits | SouthState Careers
- Equal Opportunity Employer, including disabled/veterans.
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