North Fifth Street: 355 North Fifth Street, Indiana, PA 15701
Work Days and Expected Hours:
Monday - Friday: 8:00 AM - 5:00 PM
Additional hours as necessary to meet the objectives of the department.
Function: Responsible for ensuring quality control of the operation, audit and compliance risk of the Retail Mortgage lending functions through managing and reporting.
Requires knowledge of Retail Mortgage lending, applicable banking laws, federal and state regulations, Bank policies, & lending platforms.
Duties and Responsibilities:
Completes full quality review of residential mortgage loans to measure and improve the accuracy and effectiveness of the process.
Assists with documentation of regulatory and procedural differences and communicates this information to the manager responsible for the noted area.
Documents any regulatory errors or procedural documentation errors to create reports that are distributed to the responsible manager.
Maintains the compliance content of all desk top procedures and instructional manuals for the Department
Participates in review of policies and procedures to provide the department with information for continuous quality improvement
Maintains ongoing process to ensure remedial efforts have produced satisfactory results to immediately detect recurrences of defects.
Upon request, assist in the development and documentation of procedures
On a continuous basis, keeps current on daily and ongoing regulatory updates, proposals and process changes that may impact the line of business.
Maintains working knowledge of compliance regulations relative to Retail Mortgage lending.
Applies knowledge of regulatory guidelines and industry best practices in making recommendations to mitigate risk and support the business line.
Proactively reads documentation and completes assigned training to maintain an understanding of and comply with laws, regulations, regulatory policies, bank policies and procedures pertaining to the employee’s responsibilities.
Participates in ongoing continuing educations of process changes and regulatory updates
Exports all loan files to Loan Servicing for validation and boarding.
Assists in submitting Fannie Mae Audit requests.
Assists in Regulatory monitoring.
Assists in determining the cause of any compliance errors, tracks by employee, and communicates to the responsible supervisor.
Prepares weekly exception and conditions report and distributes to Retail Mortgage Management Team
Exercises a high-level of accuracy, initiative, interpersonal skills and confidentiality while performing tasks in order to contribute to the success of the department.
Upon request, assist the Retail Mortgage Compliance Manger with training and education of Retail Mortgage personnel, including operations and originations employees, regarding regulatory requirements and updates.
Maintains records and conducts correspondence related to the work.
Maintains a good working relationship with all S&T employees.
Demonstrates the ability to work independently.
Works as a team player to contribute to the success of the department and in turn the organization.
Performs additional duties as required.
Physical Demands
80% of the day is spent operating a keypad device.
20% of the day is spent operating electronic/office equipment t.
The primary parts of the body involved in performing these tasks are the fingers, thumb, hands, wrists, elbows, legs, lower and upper torso and feet.
The job requires sitting 6 hours per day in a straight and leaning position.
Walking is required one hour per day which is slow in speed.
Requires the use of manual dexterity skills for typing and filing up to 60% of the business day.
Specific vision requirements include close vision of 18”-20” for computer work.
Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
This position can be performed at multiple locations.
Whatsapp
