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If you are interested and qualified for this role, we invite you to apply.
Ensures procedures regarding mortgage loans are being met according to company and regulatory guidelines and policies. These duties and responsibilities may include but are not limited to: initial disclosures (including Loan Estimate), redisclosures for valid change of circumstances, including rate locks after initials, prequalification loan disclosures, monitoring for Regulation B requirements and expiration of expired loans. Compliance testing and review for high priced loans, high cost loans, APR calculations, TILA/RESPA, HMDA reporting requirements consumer protection to safe guard and protect the corporation and its affiliates.
Essential Functions/Responsibilities
- Prepare Initial disclosures, including Loan Estimate with each new approved mortgage loan application, within regulatory time frames
- Prepare an updated set of disclosures whenever there has been a valid change of circumstance, within regulatory time frames
- Review and monitor compliance testing system, within loan origination system for regulatory issues and resolution as needed, based on internal policies/procedures
- Prepare prequalification disclosures with each new prequalification loan, to meet regulation and internal policies and procedures
- Monitor Prequalification loans that are reaching expiration, set forth in internal policies/procedures
- Monitor Prequalification loans approaching 30 days with no decision to stay within Regulation B Guidelines
- Make recommendations regarding more efficient methods and procedures to execute job functions
- Ongoing review and knowledge of products and fee associated with mortgage loans
- Prepare adverse action notices for all denied, withdrawn, approved not accepted, incomplete applications, within regulatory time frames
- Assist to develop and/or maintain department manuals and job aids outlining processes and procedures for disclosure completion
- Assist in training within disclosure team and sales staff for system, process and product changes.
- Assist in any audit findings for resolution and changes needed in processes or procedures
- Work with platform administrator on system, fee or product changes for testing
- High School diploma or equivalent
- Four years compliance, lending or banking experience.
- PC literate with Windows functions
- Knowledge in working with Microsoft applications (Word, Excel) and Adobe
- Bachelor's degree
- Works on assignments that are routine but may recognize the need for occasional deviance from standard guidelines.
- Follows established guidelines and procedures on routine work and requires instruction on new assignments.
- No direct supervisory responsibilities.
- Prolonged periods of deskwork.
- Frequent use of computer, keyboard, phone and office equipment
- Occasionally lifting and carrying light objects, typically up to 10-15 pounds.
- Occasionally reaching for items on shelves or in drawers.
- Ability to move within an office environment.
Compliance Statement
The associate is responsible for meeting all compliance requirements imposed on First Financial Bank by State and Federal law and regulation, as well as all related First Financial Bank policies and procedures. This includes all Bank Secrecy Act, Anti-Money Laundering, OFAC and Suspicious Activity reporting requirements, as well as all other lending and deposit compliance requirements.
Development and Training
Benefits
We have relevant, thoughtful benefits and programs that support every aspect of our associates' holistic wellbeing. Please review our Benefits Guide.
Incentive Eligibility
All roles are incentive eligible with the exception of Co-Op, Intern, or Student positions.
It is our policy to not discriminate against any individual in violation of federal, state, and local laws as it relates to age, race, color, religion, national origin, sex, marital status, pregnancy, gender identity, disability, sexual orientation, genetic information, veteran/military service, or any other characteristic protected by law.
We are an E-Verify Employer.