Regulation B Specialist

General Description

Reg B Specialist responsible for reviewing loan information in the Loan Originated System (LOS) to maintain compliance with Notice of Incomplete Application requirements as defined by ECOA for all mortgage related loans. Must be 18+ for background checks. Hybrid position expected to report to a Centennial Bank or Happy State Bank branch location.

• Maintain knowledge of ECOA requirements and stay current with bank lending practices. (10%)
• Monitor Reg B ECOA compliance regarding NOIA letter notification. (10%)
• Review, analyze and interpret loan applications and related documents during loan processing. (20%)
• Communicate file status to maintain Reg B ECOA NOIA letter compliance. (20%)
• Issue NOIA letters for applicable loan files. (15%)
• Close files for incompleteness for applicable loan files. (15%)
• Report issues or concerns about non-compliance. (5%)
• Assist in updating Reg B ECOA policies and procedures. (5%)
• Work in constant state of alertness and safe manner. (daily)
• Complete required BSA/AML training and other compliance training as assigned.
• Perform any other related duties as required or assigned.

High school or GED, plus specialized schooling and/or on the job education in a specific skill area. 2 years related experience and/or training, or equivalent combination of education and experience.

Ability to read and understand simple instructions, short correspondence; write simple correspondence. Able to read and understand policy manuals, safety rules, operating instructions and procedure manuals. Write routine reports and correspondence. Effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees.

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Apply concepts such as fractions, ratios and proportions to practical situations.

Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Interpret instructions furnished in written, oral, diagram formats.

Basic: 10-Key, Accounting, Alphanumeric Data Entry, Contact Management, Database, Human Resources Systems, Payroll Systems, Presentation/PowerPoint, Spreadsheet, Word Processing/Typing.

Periodic exposure to noise, intermittent standing, walking, pushing, carrying, or lifting; none present to a disagreeable extent. Noise level moderate. Highly repetitive, low physical tasks. Requires concentration. Requires sitting, handling, reaching, talking, hearing. Occasionally required to stand, walk, lift up to 10 lbs.

Not indicated.