VP, Lending Compliance

What You Will Do

Responsible for ensuring compliance with all state and federal lending regulations. Oversee and administer mortgage lending compliance duties to support the Mortgage Lending Division. Consult with internal and external key stakeholders as a subject matter expert regarding lending compliance matters. Analyze data from the loan origination system to identify issues and trends to ensure compliance. Perform all duties in accordance with the company’s policies and procedures with adherence to all applicable federal, state and local regulations.

Carry out supervisory/management responsibilities in accordance with the organization’s policies and applicable laws, including hiring and training employees; planning, assigning and directing work; monitoring performance; rewarding and disciplining employees; addressing complaints; and resolving problems.

Provide regulatory guidance to production, operations and sales departments.

Maintain close relationship with legal department regarding relevant legal/compliance implications of implementation of new products, procedures, and operational initiatives.

Act as internal consultant to legal and business leadership to ensure compliance requirements are effectively integrated into operational processes and system controls along with appropriate training programs and monitoring plans.

Manage daily operational compliance requests and issue escalations.

Perform data analysis using the loan origination system to identify issues, trends, and other relevant events to ensure compliance; interpret findings and recommend strategies to Carrington’s legal department.

Oversee Lending complaint process, deliver relevant reporting and direct mitigation activities.

Direct policy, procedure, bulletins, and other communication activity for the Lending division.

Collaborate with Legal on federal, state, and counterparty exam preparation, file review, response requests and defect mitigation activities.

Assist Analytics teams in HMDA data review and filing HMDA reports; continually review processes to streamline HMDA filings and minimize errors in data transmission.

Research federal and state issues, e.g. surveys, notary, civil unions/domestic partners, high cost, good faith estimate questions and change of circumstances requirements.

Review certain wholesale and retail consumer loans to ensure quality and identify potential issues.

Review state guidelines, examine and assess state specific disclosures, and implement new policies and procedures related to state expansion for both retail and wholesale business.

Participate in Fair Lending Committee meetings, analysis, and assist Committee to implement recommended business changes.

Work with business operations and IT to develop compliance-related system controls for new or revised regulations, products, processes, and enhancements.

Manage system and document testing of new products, processes, and enhancements to drive compliance-related controls.

Operate as point person for updates/enhancements related to the Compliance Engine and Document/Disclosure vendor in collaboration with IT.

Provide expert guidance regarding compliance-related mitigation.

What You Will Need

Bachelor’s Degree or equivalent work experience required.

9 or more years of mortgage industry experience required.

3 years’ experience as a Compliance Leader in a mortgage lending environment required.

Previous experience developing and managing corporate policies and procedures required.

3-5 years’ experience using Encompass Loan Origination System and Mavent Compliance Engine preferred.

Our Company

Carrington Mortgage Services is part of The Carrington Companies, which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors, delivering exceptional customer care and programs that support borrowers and their homeownership experience. We hope you’ll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonmortgage.com .

What We Offer

Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.

Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.

Customized training programs to help you advance your career.

Employee referral bonuses so you’ll get paid to help Carrington and Vylla grow.

Educational Reimbursement.

Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.

EEO/AAP Employer

California Privacy Notice: https://oag.ca.gov/privacy/ccpa

Carrington Mortgage Services is a fully integrated mortgage company with mortgage lending and servicing operations and an affiliated real estate brokerage. We are part of Carrington Holding Company, LLC , which owns and operates multiple businesses that cover virtually every aspect of single family residential real estate transactions.

Carrington is an equal opportunity employer. It is the policy of the company that applicants be considered for positions for which they qualify without regard to race, color, religion, sex, gender identity, national origin, ancestry, age, marital status, sexual orientation, protected veterans status, physical or mental disability or any other legally protected category. Carrington will make reasonable accommodations for known physical or mental limitations of a qualified applicant or employee with a disability unless the accommodation will impose an undue hardship on the company.