US Mortgage Compliance Analyst
- Infinity Data
- 1 - 6 years
- Pune
- 8 months ago
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Job Description
Company Profile:
Infinity IPS Founded in 2003, Infinity IPS is a mortgage industry leader in providing end-to-end services and solutions. We specialize in mortgage due diligence, pre-fund and post-close quality control, mortgage servicing reviews and loan brokering services. We are vetted by all 5 major rating agencies. Our clients are financial entities including investment banks, commercial banks, mortgage companies, government agencies and mortgage insurers
Post Analyst Compliance US Mortgage - WORK FROM OFFICE
Location Bangalore & Pune
Job Shift 7 pm to 5 am - Night - 5 Days a Week Saturday & Sunday Off
PERSON WITH EXPERIENCE IN COMPLIANCE REVIEW OF US MORTGAGE REQUIRED
MUST HAVE KNOWLEDGE CLOSING DISCLOSURE, LOAN ESTIMATE, TRID, POST CLOSING
IMMEDIATE JOINERS AND PERSONS WHO CAN JOIN IN 15 DAYS ARE PREFERRED.
Position Overview:
The Compliance Analyst US Mortgage (Non-QM) is responsible for ensuring that Non-Qualified Mortgage (Non-QM) loans adhere to regulatory requirements, investor guidelines, and company policies. This role involves reviewing Non-QM loan files, monitoring compliance programs, identifying regulatory risks, and working with internal teams to ensure that Non-QM mortgage operations align with legal and regulatory standards.
Key Responsibilities:
- Ensure compliance with federal and state regulations, including Dodd-Frank Act, CFPB, ATR (Ability-to-Repay) Rule, TILA, RESPA, ECOA, HMDA, and FCRA as they relate to Non-QM loans.
- Verify that Non-QM loans meet the Ability-to-Repay (ATR) requirements while remaining within investor and secondary market guidelines.
- Conduct pre-funding and post-funding audits on Non-QM loan files to ensure compliance with investor and regulatory requirements.
- Ensure that all loan disclosures comply with state-specific lending laws and high-cost loan regulations.
- Experience with mortgage compliance software and loan origination systems (LOS) such as Encompass, Calyx, Mavent or proprietary Non-QM platforms.
- Knowledge of fair lending regulations, high-cost loan thresholds, and state-specific lending compliance for Non-QM loans.
- Reviewing documents related to origination such as CD (Closing Disclosures) , LE (Loan Estimates), 1008, 1003, 1004, Credit report.
- Performed root-cause analysis (RCA) to provide feedback.
- Loan Review & Risk Analysis: Review and analyze mortgage loan files to ensure all required documentation is complete and accurate. Identify any potential risks or discrepancies and ensure corrective actions are taken.
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: BFSI, Investments & TradingRole Category: General InsuranceRole: UnderwriterEmployement Type: Full timeContact Details:
Company: Infinity DataLocation(s): Pune
Keyskills: HMDA Compliance Review US Mortgage TILA TRID CD RESPA LE
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Infinity Data
Company Profile:Infinity Data Technologies Pvt. Ltd.Infinity is a 16 year old Financial due diligence firm, providing risk mitigation and consulting services to investment bankers, Hedge funds and real estate investment trusts. With state of the art technology and a committed work force ...
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