Eclaro is looking for a (Loan Compliance Officer) for an opportunity for our client in (Fairfield, CA) Job Description: The Lending Compliance Officer will implement and monitor the internal compliance audit monitoring program for the following departments: Residential Real Estate, Consumer Loan Center, Dealer Loan Center, Loan Services, Loan Documentations, Loan Adjustment and Commercial Hub’s to ensure regulatory reporting and documentation requirements are met. This position will also serve as the primary lead for all credit-related regulatory compliance, consumer, and commercial: Policies and proceduresRisk assessmentsImplement new laws and regulationsMonitoring- fair lending, TILA, adverse notices, flood, credit bureau reporting, data integrity, etc. The LCO consults and coordinates with Business Unit Compliance Officers, senior management, and internal audit department personnel regarding new and revised legislations and regulations, and revisions and new additions to policies, procedures and products. This position must maintain working relationship with the Compliance Departments and participate as a member of Bank’s Regulatory Compliance Committee. Minimum Requirements: -Work experience within the mortgage and consumer lending functions of a financial institution -In-depth working knowledge of the following lending regulations: Equal Credit Opportunity Act (REG B)Truth in Lending Act (REG Z)Home Mortgage Disclosure Act (REG C)Real Estate Settlement Procedure Act (RESPA & REG X)Fair Credit Reporting Act (FCRA)Flood Insurance RegulationFair Lending ActFair Housing ActState Banking lending lawsFannie Mae/Freddie Mac/FHA/VA guidelines and the loan process from, underwriting through servicingWorking knowledge of the lending function from product development to implementationAudit, underwriting and secondary market documentation knowledge is required Job Qualifications: 3-5 years of experience as a Compliance OfficerMust be currently in or recently left the same type of positionMust have an emphasis on lending regulationsIndirect lending experienceExperience interpreting laws and regulations, especially lendingExperience marketing information and prepare regulatory experience as wellLess than 3 employers in the last 10 years min. Preferred Skills: CRA experienceCRCM Certification also nice to havePrefer lending laws and regulationsNeed strong analytical skills
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