Quality Assurance and HMDA Specialist

Quality Assurance and HMDA Specialist — Seattle Administrative Office (on-site)

Mechanics Bank is seeking a Quality Assurance and HMDA Specialist to join our team at the Seattle Administrative Office. This role will be working on-site. You will serve as a first line of defense for Home Mortgage Disclosure Act (HMDA) compliance by accurately collecting, recording, and reporting mortgage loan data and by ensuring loans meet criteria and corrective actions are taken when issues are found.

What you will do

You will collect and validate mortgage loan data to ensure accuracy and completeness in accordance with HMDA requirements, perform risk analysis and data integrity checks, and make decisions regarding deficiencies identified during the review process. You will review and analyze mortgage applications, credit reports, appraisals, income and asset documents to determine accuracy and completeness per guideline requirements. You will ensure that deficiencies captured during the review process are corrected and clearly documented, providing a thorough audit trail.

You will conduct Pre-funding and Funding reviews of all types of residential loans (Conventional, FHA & VA) and be responsible for ensuring that loans originated are in compliance with Bank's and investor requirements as set forth in the Bank's Quality Assurance Pre-Funding and Funding Policies and Procedures. Data entry in HMDA Wiz, preparing and submitting HMDA reports to Compliance, Line of Business, or other appropriate departments, and creating QA reports are part of the role. You will monitor and review loan files for HMDA compliance, identify and address discrepancies, and assist the Compliance team with questions by providing necessary documentation and information.

Collaboration is important: you will work closely with underwriting, fulfillment, sales, and compliance to ensure data integrity. You will provide training and support to internal teams on HMDA requirements and best practices and provide training as needed to educate groups/teams on the details of Pre-Funding/Funding Audits. You may also participate in projects as assigned. Travel 10 - 20%.

Who you are

Education: High School or GED required. Experience: 3 years minimum Mortgage and Consumer Lending; HMDA compliance required. Additional experience may be considered in lieu of degree. You have a strong understanding of HMDA regulations and reporting requirements, excellent analytical thinking and problem-solving research and stress management skills, and are detail-oriented with strong organizational skills. Effective communication and interpersonal skills are required, and you must be effective presenting information to small and large groups. You should be able to work effectively without direct supervision.

Tools and technical skills

Proficiency in mortgage software such as Encompass, HMDA Wiz and Microsoft Office Suite.

Compensation and bonus

Pay Range: $ 25.93 - $48.48 hourly. AIP Bonus: up to 7.5%.

Benefits and other information

Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire. Benefits package includes:

• Medical, prescription, dental, and vision coverage for employees and their eligible family members
• Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
• Health Savings Account with employer contribution
• Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
• 401(k) and Roth 401(k) with company contribution
• 529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
• Supplemental Health plans, Voluntary Legal and Identity Theft Services
• 11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked)
• Up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
• Additional perks include free personal checking and savings account; discounted rates on primary residence loan with $0 origination fees (restrictions apply)

Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.

Accessibility and physical demands

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 and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls. The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision. The noise level in the work environment is usually moderate.

Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law. #LI-HW1