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Quality Control HMDA Analyst

Company: The Federal Savings Bank
Location: Chicago
Posted on: January 16, 2022

Job Description:

The Federal Savings Bank, a national bank and 4-time "50 Best Mortgage Companies to Work For" winner, seeks an experienced HMDA Mortgage Compliance Analyst to assist in the collection and reporting of accurate HMDA data in accordance with Home Mortgage Disclosure Act "HMDA" reporting requirements. This position is based in the Chicago, IL (Logan Square) headquarters and reports to the Quality Control Director.

Duties and Responsibilities:

  • Work with HMDA Manager to report and analyze HMDA reportable loans/applications across all business lines in accordance with established policies and procedures.
  • Identify systematic and/or operational issues with regard to HMDA data integrity; recommend and coordinate resolution efforts across all affected business lines.
  • Perform data quality and validity checks; research and resolve any exceptions identified within established timeframes.
  • Assist HMDA Manager in the review HMDA-LAR files prior to submission to regulators on or before the required deadlines.
  • Utilize resources to stay up-to-date with regulatory changes related to HMDA reporting.
  • Update HMDA procedures as necessary when policy, system or regulatory changes occur.
  • Assist as required with regulatory exams and internal audits.
  • Achieve expected metrics for Efficiency, Quality and Productivity

    • 4 year college degree preferred, commensurate mortgage experience acceptable
    • Recent professional experience in the mortgage industry required
    • Expert understanding of the Home Mortgage Disclosure Act (HMDA)
    • 3+ years of recent HMDA-LAR work experience
    • Highly proficient with Encompass loan origination software
    • Highly proficient with Microsoft Office Suite, specifically Excel
    • Strong analytical, quantitative and communication skills
    • Ability to collaborate with internal business partners to improve operational efficiency with regulatory reporting requirements
    • Ability to analyze policies, procedures and guidelines in a way that maximizes productivity but protects the level of risk desired.
    • Ability to make decisions in a time sensitive manner

      Employee Benefits
      • Base Salary commensurate with experience
      • Generous paid time off, plus sick days
      • Comprehensive Health, Dental, and Vision insurance plans available; includes company paid life insurance
      • Competitive Flex Spending Accounts (FSAs)
      • Employee Assistance programs (EAPs) for Financial planning, emotional support, legal guidance, and work-life solutions
      • Robust 401k matching
      • Employee appreciation events
      • Employee recognition on a national scale
      • A true team culture working towards one common goal; helping homebuyers finance their dream homes!

        The Federal Savings Bank is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status

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Keywords: The Federal Savings Bank, Chicago , Quality Control HMDA Analyst, Professions , Chicago, Illinois

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