Loan Compliance Specialist

Job Overview

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. We are seeking a Loan Compliance Specialist to join our Loan Administration team. Reporting to the Director of Quality Assurance, the role performs Compliance First Line of Defense reviews to ensure the bank is accurate and compliant with State and Federal regulations.

• Confirms, collects and inputs HMDA and CRA data to ensure it is consistently and accurately gathered and stored as defined by bank policy and procedure.
• Assists in submitting the CRA and HMDA LAR’s.
• Assists in completing compliance reviews to ensure the bank adheres to regulations.
• Performs adverse action monitoring, elevating issues to leader.
• Administers flood insurance monitoring to ensure compliance with regulation.
• Adverse action letter request and review to ensure compliance with Regulation
  
  B.
• Conducts back‑up monitoring of SOX controls.
• Monitors regulatory documentation requirements and uploads them to the imaging system, setting exceptions for missing documentation.
• Prompts findings and recommends process changes to improve efficiency and accuracy.
• Assists in writing procedures and job aids.

• 3‑5 years of commercial and consumer loan processing, documentation and compliance experience.
• Experience with loan compliance software, preferred (Compliance Relief).
• Strong oral and written communication skills.
• High attention to detail and in‑depth knowledge of rules, regulations and policies related to loan documentation.
• Bachelor’s degree preferred.

The typical annual base pay range for this role is between $27.70/hr and $30.90/hr compensation may vary based on individual job‑related knowledge, skills, expertise and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short‑term and long‑term disability
• Parental leave
• 401(k) with employer match
• Paid vacation & paid holidays

The above is intended to describe the general content of and requirements for this position. It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.