VP, Servicing Compliance

Company: New American Funding
Location: Austin
Posted on: September 15, 2020

Job Description:

NAF's Servicing Compliance function is responsible for maintaining the Compliance Program of NAF's mortgage servicing division in accordance with federal, state and investor/insurer requirements. The VP, Servicing Compliance will report to the VP, Servicing Legal and Assistant General Counsel, and will be responsible for managing the Servicing Compliance function.

Responsibilities :

Regularly monitor for changes in applicable laws, rules and regulations, and manage processes for communicating such changes to operational departments, tracking and reporting on their implementation, and testing the effectiveness of such implementation

Obtain regulatory findings from audits, examinations and quality control, and manage processes for communicating with operational departments on corrective actions, tracking and reporting on their remediation, and testing the effectiveness of such remediation

Assist operational departments and Internal Audit staff in identifying, interpreting, and applying regulatory and compliance requirements

Research regulatory and compliance requirements, and provide operational departments with practical advice and assistance in complying with them

Participate in vendor implementation and other servicing projects as a compliance advisor to the operational departments

Use professional judgment to balance an appropriate level of risk against the business needs in a particular situation

Develop compliance-related policies and procedures, and review operational policies, procedures and forms for compliance with regulatory requirements

Manage quality control function, including performance of QC audits by third party provider, performance of target testing by QC staff, and QC oversight of inline quality assurance efforts by operational departments

Evaluate audit and exam findings, trend reporting, and other information, and advise NAF Legal management on compliance risks in Servicing

Qualifications :

Extensive knowledge of federal and state laws impacting mortgage servicing, including TILA, ECOA, FCRA, RESPA, the Fair Housing Act, the Homeowners Protection Act, and predatory lending laws

Experience with and understanding of investor and insurer requirements, including Fannie Mae, Freddie Mac, VA, HUD (FHA), and USDA

High degree of professional ethics and integrity

Superior compliance research, drafting, writing and organizational skills

Ability to develop compliance strategy and proactive strategic thinking

Comfortable with learning and using new systems in performing duties

Excellent problem solving and analysis

Excellent interpersonal and communication skills

Teamwork orientation

Ability to multi-task and prioritize effectively and efficiently

Identify issues and create resolutions quickly

Desired Education/Experience :

7+ years of compliance experience in mortgage servicing operations of a bank, credit union, or mortgage company

JD, CRCM or CPA preferred

Experience with BlackKnight Mortgage Servicing Platform (MSP) preferred

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.

Keywords: New American Funding, Austin , VP, Servicing Compliance, Other , Austin, Texas