Job Details
Requisition Number : 10-1086-0803
Post Date : 7/26/2010
Title : Compliance Specialist
City : Coeur d’Alene
State : ID
Bank/Branch : Mountain West Bank- Coeur d’Alene
Part Time : No
Minimum Salary : $12.61
Description : Summary
Under general supervision, review loan files and validate or verify that the documentation meets the requirements as set out by the investor. Ensure all files are in compliance. Provide reports to management.
Principal Duties & Responsibilities
Verify or validate the following loan file information:
• Data entry
• Social Security Numbers
• Income calculations and supporting documentation
• Employment
• Asset documentation, as needed
• Appraisal or other property valuation data
• Documentation of adequate mortgage insurance, if applicable
• EPL and LDP searches for all parties to the transaction, if applicable
• MERS search on all transactions
Notify processor of any missing documentation and work to correct the documentation and bring the file into compliance. Document the correction.
Provide monthly reports to management of loan files that were not in compliance.
Review per investor requirements declined files for documentation and validity.
Review suspended LQI loan files on a daily basis, complete correction requests. Reconcile and provide logs as requested.
May back up Loan Assistants.
Related duties as assigned.
Benefits Include:
Medical, Dental and Life Insurance
Paid Vacation, Sick and Holidays
401(k), Stock Options and Profit Sharing
Requirements Minimum Position Qualifications
Generally this position requires one - two years in the banking industry or a combination of education and experience which provides the equivalent.
Skills & Abilities Required
Requires the ability to interact with others in a tactful, professional, courteous manner responding with discretion to any given situation.
Must be able to exercise independent judgment and initiative.
Requires attention to detail.
Must be thoroughly skilled in all secretarial and office practices including typing at an accurate rate of 60 wpm. Must be proficient in word processing, PowerPoint, and Excel.
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.
While performing the duties of this job, the employee is regularly required to sit, talk and hear. The employee is occasionally required to stand; walk; and reach with hands and arms. The employee must occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision.
Tags: loan processor job, mortgage, mortgage jobs, processing
