RESPA Compliance Specialist I

Location: Winchester, VA
Category: Other
Employment Type: Contract
Job ID: 16477
Date Added: 04/22/2024

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 RESPA Compliance Specialist I

Our client is a Fortune 100 company and one of the worlds largest Credit Unions. They’re looking for a RESPA Compliance Specialist to join their Winchester, VA team on a HYBRID schedule in a contract capacity. 

Description

THE RESPA Compliance Specialist will ensure RESPA compliance through careful review of closing documents and will perform basic tasks requiring basic research. 

Responsibilities
  • Validate processed refunds to ensure the refund processed appropriately in accordance with regulatory guidelines and systems reflect correct dates and dollar amounts
  • Generate corrected closing document from the loan origination system
  • Generate member notification letters outlining actions taken/needed to ensure adherence to RESPA guidelines for refund and non-refund loans
  • Send corrected Closing Disclosure to Borrower and Settlement Agent
  • Close tasks as appropriate in MSP
  • Maintain knowledge of federal and state closing requirements, as well as Navy Federal mortgage loan products; remain cognizant of changes in regulations to comply with existing requirements
  • Document utilizing applicable systems for reporting purposes and ensure compliance with regulations and guideline
  • Review scanned mortgage documentation and index the image into the appropriate document type
  • Perform other related duties as assigned
Qualifications
  • Must be a US Citizen, GC EAD, or GC Holder to be considered. 
  • Must be able to work a W2 Contract, we can’t do C2C.
  • Must be able to commute onsite for a Hybrid schedule (2 days /week onsite & 3 days remote).
  • Exposure to mortgage lending principles, concepts, and practices inducing mortgage process, servicing, and underwriting. 
  • Exposure to reviewing/ analyzing loans for compliance with Federal/ State/ County/ NCUA/ laws, regulations, and policies
  • Familiarity with financial institution and lending practices, principles, and regulations. 
  • experience in an accounting or banking operation background, preferable dealing with payments, transactions, and balancing.
  • Experience in member/customer service preferably in a call center/retail banking/financial institution
  • Effective knowledge of Conventional, FHA, VA loans
  • Effective knowledge of RESPA & TRID guidelines
  • Exposure to managing multiple priorities independently and/or in a team environment to achieve goals
  • Familiarity with mortgage loan processing, closing and documentation requirements and regulations
  • Effective knowledge of Government Loans guaranty
  • Effective clerical, technical or administrative skills
  • Effective research, analytical, and problem solving skills
  • Effective organizational, planning and time management skills
  • Effective skill exercising initiative and using good judgment to make sound decisions
  • Effective skill following, interpreting and applying relevant data/instructions to guidelines, procedures, practices and regulations
  • Effective skill maintaining accuracy with attention to detail and meeting deadlines
  • Effective skill performing mathematical calculations and working accurately with numbers
  • Effective verbal and written communications skills
  • Effective word processing and spreadsheet software skills




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