Service First Mortgage

  • Regulatory Review Auditor

    Job Locations US-TX-McKinney
    Posted Date 3 weeks ago(4/5/2018 12:48 PM)
    Job ID
    # of Openings
  • Overview

    At Service First, our unique values serve as a compass for our actions and are the foundation of our culture.

    • We promote innovation and are purposefully dynamic in our growth processes. We change, not just for the good of ourselves, but for the good of everyone involved.
    • We hire people with the ability to think creatively, who use inspiration and imagination to solve problems by looking at them from unexpected perspectives.
    • We hire people with the ability to question assumptions and offer solutions that seem impossible; take calculated risks; take what might be seen as a problem and turn it into an opportunity; are able to bring paradigm shifts in product, processes or systems because of their thoughts and new ways of thinking; give feasible ideas and not just tangent thoughts.

    We are honored to recognized among mid-size Companies as a Top 100 Places to Work in 2015 and 2016 by the Dallas Morning News.  Service First Mortgage is the first company to be ranked as high as #4 in its first year of nomination. We are also honored to have received a special award in the category of Best Direction.



    The Regulatory Review Auditor works to ensure mortgage origination and fulfillment compliance with state and federal requirements, agency and investor regulations, as well as company policies and procedures. 


    Duties include:

    • Assist in managing the Compliance Ticket Inbox to provide regulatory guidance to origination staff
    • Review advertising/social media requests to ensure compliance with all regulations and company policies
    • Ensure compliance with regulations and controls by examining and analyzing records, reports, operating practices, and documentation; recommending opportunities to strengthen the internal control structure
    • Conduct Social Media and website reviews of all licensed staff, terminated staff and active branches
    • Import data from the Loan Origination System to Home Mortgage Disclosure Act (HMDA)/Fair Lending Testing and Reporting software
    • Test accuracy and validity of HMDA against source documentation to ensure accurate filing of annual Loan Application Register (LAR)
    • Conduct ongoing testing of HMDA data integrity
    • Conduct quarterly Fair Lending Review tests with reportable data for presentation to the Compliance Committee
    • Complete daily reports as assigned
    • Assist in setting up new branches and Underwriters in FHA Connection
    • Assist in completion of disposition of non-funded loans and low FICO leads ensuring compliance with applicable regulations


    Education and/or Work Experience Requirements:

    • Previous compliance experience
    • Basic knowledge of mortgage loan documents and the mortgage origination lifecycle and functions, along with an exceptional understanding of regulatory requirements
    • Understanding of current agency and underwriting guidelines
    • 5+ years of compliance/regulatory experience or Bachelor’s degree is preferred



    • Strong commitment to customer service and satisfaction with both internal and external customers
    • Ability to work and contribute in a team environment
    • Motivated self-starter who can work and learn quickly, while maintaining a positive demeanor
    • Strong written and verbal skills with the ability to communicate clearly and effectively with various audiences
    • Excellent organizational and time management skills
    • Ability to prioritize workload while having attention to detail, accuracy and speed
    • Ability to manage multiple priorities with concentration in a fast-paced, dynamic environment with strict time and service level requirements, balancing short-term deadlines with long-term initiatives
    • Ability to apply Regulatory Compliance knowledge to carry out instructions furnished in written, oral, or diagram form.
    • Proven ability to research and make sound judgments/recommendations based on the research
    • Proficient in data entry with general computer skills and a knowledge of MS Office software


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