Compliance Specialist

Job Description

Job DescriptionDescriptionVerus Mortgage Capital is seeking a Compliance Specialist to join our team to work directly with our Legal and Compliance Department. The core mission of the Compliance Specialist role is to ensure compliance with applicable federal, agency, state, and local mortgage laws and regulations. Chief among the role's responsibilities include assisting in establishing and maintaining key components of a Compliance Management System (CMS) for both origination and loan acquisition purposes. Tasks could range from monitoring and testing of applicable laws and regulations, driving quality control (QC) reviews, regulatory implementation, monitoring company compliance training, resolving regulatory related consumer complaints, engaging in examination responses, maintaining compliance policies and procedures, maintaining an inventory of compliance controls by channel, developing internal and external compliance reporting by channel, reviewing marketing materials, and reviewing federal and state disclosures.
Responsibilities and Duties:

• Assist with all aspects of a compliance management system, including policy and procedure management, monitoring and testing, addressing consumer complaints, vendor management, compliance training, and regulatory reporting.
• Manage the corporate vendor management program in compliance with federal, state and agency requirements. Maintain an inventory of corporate vendors, complete document gathering, due diligence reviews, and risk assessments. Assist business units in meeting contract renewal/termination deadlines. Provide quarterly reports on vendor status and performance.
• Maintains an advanced understanding of federal and state regulations related to mortgage lending as well as FNMA/FHLMC guidelines.
• Manage the agency quality control process, including working with a third-party vendor to establish testing sample criteria, provide loan files, and report on results. Create and implement corrective action plans based on QC findings.
• Provide support for future servicing initiatives, including building additional servicing oversight audits, preparing scripts for debt collection calls, and establishing policies and procedures for servicing activities.
• Review marketing materials for compliance with various regulatory requirements.
• Assign compliance training courses and ensure timely completion of training for newly hired employees and for annual training.
• Monitor state and federal regulations for changes and assist with the regulatory change management process for the Company.
• Provide clerical and administrative support for members of the Legal/Compliance Department, including but not limited to assisting with email organization, scheduling meetings, preparing PowerPoint presentations, and preparing flow charts.

Education and Experience:

• 5+ years of experience in a Legal or Compliance role in a retail or wholesale lending channel for a non-bank mortgage lender.
• 2+ years of experience in a Legal or Compliance role with a non-QM/non-agency mortgage lender.
• Advanced knowledge and understanding of laws relevant to non-bank federal and state mortgage origination and servicing, including ECOA, FCRA, HMDA, RESPA, TILA, SAFE, as well as FNMA and FHLMC requirements.
• Bachelor’s Degree in business-related field or equivalent. CRCM, CMCP, or CAMS certification(s) preferred.
• Experience with user acceptance testing (UAT) from a Compliance perspective.
• Experience with providing Compliance guidance for vendor management and regulatory change management programs.
• Experience managing an agency quality control program.
• Experience with mortgage servicing oversight.
• Legal administrative experience preferred.
• Excellent verbal and written communication skills.
• Proficient in Microsoft Office Suite, particularly Excel and PowerPoint, with an ability to become proficient on lender programs and software (i.e., loan origination systems, Docutech, etc.)
• Ability to work with team members at all levels, including company partners, regulators and other third parties, while remaining respectful and efficient, and with a high level of professionalism and confidentiality.
• Excellent organizational skills and attention to detail.
• Manage multiple priorities, projects, and deadlines with a strong sense of urgency and responsiveness
• Advanced problem-solving skills with the ability to define problems, analyze the variables and propose solutions.

Key Competencies:

• Regulatory Expertise: Deep understanding of federal and state mortgage laws, agency guidelines, and non-QM regulations.
• Attention to Detail: Precision in managing compliance controls, audits, and policy documentation.
• Communication Skills: Clear, professional communication with internal teams, vendors, and regulators.
• Project Management: Ability to juggle multiple priorities, deadlines, and compliance initiatives.
• Problem Solving: Strong analytical skills to identify issues and implement corrective actions.
• Tech Proficiency: Skilled in Excel, PowerPoint, and compliance-related platforms.
  
  

How This Role Demonstrates Our Values:

• Integrity: Ensures ethical, law-abiding practices across all compliance activities.
• Collaboration: Partners with departments and vendors to uphold regulatory standards.
• Excellence: Delivers high-quality audits, reporting, and compliance oversight.
• Critical Curiosity: Proactively monitors regulatory changes and explores better ways to mitigate risk.

Benefits

• Great compensation package
• Attractive benefits plans and paid time off
• 401(k) w/ company matching
• Professional learning and development opportunities
• Tuition Reimbursement
• And much more!

Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.

Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.

All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.

Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.