Quality Assurance and HMDA Specialist

Mechanics Bank is currently searching for a Quality Assurance and HMDA Specialist to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role will be working on-site.
The Quality Assurance and HMDA Specialist is responsible for ensuring the company’s compliance with the Home Mortgage Disclosure Act (HMDA) by accurately collecting, recording, and reporting mortgage loan data as first line of defense. Primarily responsible for ensuring loans meet criteria, determining any issues, and bringing the company into compliance. This role involves working closely with various departments to ensure data accuracy and completeness, data entry in HMDA Wiz, as well as preparing and submitting HMDA reports to Compliance, Line of Business or other appropriate departments. Job duties are not limited to these responsibilities and may include other tasks as needed. The Quality Assurance Specialist will conduct Pre-funding and Funding reviews of all types of residential loans (Conventional, FHA & VA) and be responsible for ensuring that loans originated are in compliance with Bank’s and investor requirements as set forth in the Bank’s Quality Assurance Pre-Funding and Funding Policies and Procedures.

What you will do:

Risks Analysis, Data Collection and Validation:

• Collect and validate mortgage loan data to ensure accuracy and completeness in accordance with HMDA requirements. Perform risk analysis, data integrity and make decisions regarding deficiencies identified during the review process. Review and analyze mortgage applications, credit reports, appraisal, income and asset documents to determine accuracy and completeness per guideline requirements. Ensure that deficiencies captured during the review process are corrected and clearly documented providing a thorough audit trail.

• Conduct Pre-funding and Funding reviews of all types of residential loans (Conventional, FHA & VA) and be responsible for ensuring that loans originated are in compliance with Bank’s and investor requirements as set forth in the Bank’s Quality Assurance Pre-Funding and Funding Policies and Procedures.

Reporting:

• Prepare and submit HMDA reports to Compliance team, ensuring timely and accurate submissions. Create QA reports.

Compliance Monitoring:

• Monitor and review loan files for HMDA compliance, identifying and addressing any discrepancies or issues.

Training and Support:

• Provide training and support to internal teams on HMDA requirements and best practices.

• Provide training as needed to educate group/team the details of the Pre-Funding/Funding Audits.

Audit Preparation:

• Assist Compliance team with related questions, providing necessary documentation and information.

Policy and Procedure Development:

• Develop and maintain policies and procedures related to HMDA compliance, ensuring they are up-to-date and in line with regulatory changes.

Collaboration:

• Work closely with various departments, including underwriting, fulfillment, sales and compliance, to ensure data integrity and compliance with HMDA requirements.

Projects: as need and as assigned.

• Travel 10 - 20%.

Who you are:

• High School or GED required.

• 3 years minimum Mortgage and Consumer Lending; HMDA compliance required.

• Additional experience may be considered in lieu of degree.

• Strong understanding of HMDA regulations and reporting requirements.

• Excellent analytical thinking and problem-solving research and stress management skills.

• Detail-oriented with strong organizational skills.

• Effective communication and interpersonal skills.

• Proficiency in mortgage software such as Encompass, HMDA Wiz and Microsoft Office Suite.

• Must be effective in presenting information to small and large groups.

• Ability to work effectively without direct supervision.

ADA Requirements:

• 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.

• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.

• The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.

• The employee must occasionally lift and/or move up to 10 pounds.

• Specific vision abilities required by this job include close vision.

• The noise level in the work environment is usually moderate.

#LI-HW1

Pay Range: $ 25.93 - $48.48 hourly

AIP Bonus up to 7.5%

Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire.
Benefits package includes[1]:

• Medical, prescription, dental, and vision coverage for employees and their eligible family members

• Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits

• Health Savings Account with employer contribution

• Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit

• 401(k) and Roth 401(k) with company contribution

• 529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program

• Supplemental Health plans, Voluntary Legal and Identity Theft Services

• 11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year

• Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)

Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.

• Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.

• Please view Equal Employment Opportunity Posters provided by OFCCP here.

• To learn more about Mechanics Bank’s California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit

  California Privacy Policy for Prospective Employees | Mechanics Bank

[1] The benefits listed in this job posting reflect the Bank’s most reasonable and genuinely expected benefits offered for this position.