Loan Servicing HMDA Specialist II at Centennial Bank

Conway, Arkansas, United States -

Full Time

Start Date

Immediate

Expiry Date

11 Jul, 26

Salary

0.0

Posted On

12 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

HMDA compliance, Loan origination system, Data analysis, Regulatory reporting, Loan underwriting, Audit procedures, Database management, Spreadsheet proficiency, Attention to detail, Organizational skills, Communication skills, Mathematical aptitude, Critical thinking, Policy development, Data entry

Industry

Banking

Description

GENERAL DESCRIPTION OF POSITION The Loan Servicing HMDA Specialist II is responsible for reviewing application and loan information contained in the Loan Origination System (LOS) to determine HMDA reportability, verify whether the correct action as defined by the Home Mortgage Disclosure Act (HMDA) for all related loans has been taken, and perform reporting on the HMDA Loan Application Registry (LAR) for applicable data points. ESSENTIAL DUTIES AND RESPONSIBILITIES 1. Maintains a working knowledge of the Home Mortgage Disclosure Act (HMDA) requirements and the banks lending practices and procedures to perform a thorough and accurate comparative loan analysis. This duty is performed daily, about 20% of the time. 2. Ensures that lenders complete the HMDA Questionnaire within the LOS accurately. This duty is performed daily, about 10% of the time. 3. Inspects all HMDA-related fields within the LOS to ensure completion and accuracy. This duty is performed daily, about 15% of the time. 4. Reports any issues or concerns about non-compliance with HMDA regulatory requirements. This duty is performed daily, about 15% of the time. 5. Collaborates in the update of HMDA policies and procedures. This duty is performed as needed, about 5% of the time. 6. Reviews loan application data and credit files for accuracy in reporting consistent with the requirements of HMDA. This duty is performed daily, about 10% of the time. 7. Analyzes and interprets loan applications and related documents gathered during the loan underwriting process to decision. This duty is performed daily, about 10% of the time. 8. Coordinates with various departments to resolve inconsistencies in application and loan data to recommend warranted changes to ensure efficiency and accuracy in reporting HMDA data. This duty is performed as needed, about 10% of the time. 9. Performs periodic HMDA information audits. This duty is performed as needed, about 5% of the time. 10. Completes required BSA/AML training and other compliance training as assigned. This duty is performed quarterly. 11. The ability to work in a constant state of alertness and in a safe manner. This duty is performed daily. 12. Perform any other related duties as required or assigned. QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. EDUCATION AND EXPERIENCE Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 4 years related experience and/or training, or equivalent combination of education and experience. COMMUNICATION SKILLS Ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals; ability to write routine reports and correspondence. ability to read, analyze, and understand general business/company related articles and professional journals; ability to speak effectively before groups of customers or employees. MATHEMATICAL SKILLS Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations. CRITICAL THINKING SKILLS Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables. REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS Not indicated. PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS Not indicated. SOFTWARE SKILLS REQUIRED Intermediate: Database, Spreadsheet, Word Processing/Typing Basic: 10-Key, Accounting, Alphanumeric Data Entry, Presentation/PowerPoint WORKING CONDITIONS Periodically exposed to such elements as noise, intermittent standing, walking, pushing, carrying, or lifting; but none are present to the extent of being disagreeable. ENVIRONMENTAL CONDITIONS The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate. PHYSICAL ACTIVITIES The following physical activities 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 and expectations. Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making. While performing the functions of this job, the employee is regularly required to stand, walk, sit, use hands to finger, handle, or feel, reach with hands and arms, talk or . The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision; and color vision. ADDITIONAL INFORMATION -Four (4) years of related experience and/or training -Must have strong organizational skills and the ability to prioritize multiple competing tasks seamlessly and with excellent attention to detail.

Responsibilities

The specialist is responsible for reviewing loan application data to ensure compliance with the Home Mortgage Disclosure Act (HMDA) and performing accurate reporting on the Loan Application Registry. They also collaborate with various departments to resolve data inconsistencies and maintain updated policies and procedures.