Lending Regulatory Specialist

Hicksville, NY, United States - Corporate/Back-Office - Posted Aug 15, 2019
Requisition Number: 190000NE

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A Lending Regulatory Specialist is recognized as a subject matter expert for the Home Mortgage Disclosure Act (HMDA) the Community Reinvestment Act (CRA) and associated regulations and is an expert in the use of monitoring tools and related internal and external applications associated with data integrity and reporting/disclosure of required information. Working under limited supervision, participates in the analysis of mortgage compliance processes.


Acts as subject matter expert for Regulation C, Home Mortgage Disclosure Act (HMDA) and Regulation BB, Community Reinvestment Act (CRA). Assists with the development, testing and implementation of mortgage origination systems and procedures to capture and transfer HMDA data to the RATA system. Performs all required quality and validity edits and correct any issues noted. Develops custom checks to enhance the quality of the NYCB LAR and NYCB CRA LAR. Ensures that Bank LARs are correctly created and filed timely with the appropriate governmental agency. Reviews all pertinent information for the HMDA and CRA application and makes a determination if it's HMDA or CRA reportable. Develops and/or recommends automated improvements to the capture and review process of HMDA data and CRA data. Prepares edits and submits the LAR to ensure NYCB is in compliance with Regulation C (HMDA) and Regulation BB (CRA). Completes any necessary comparative file and aggregate file analysis reviews of loan applications to ensure compliance. Prepares relative work papers, as necessary, and ensures they accurately support the work performed and any reported findings. Identifies mortgage lending compliance training needs. Utilizes system to access, interpret and input information and generate reports. Monitors system data integrity, ensuring quality and adequate serviceability. Conducts special projects and audits as needed. Maintains appropriate records, files, documentation, etc. Supports and keeps management informed of operational issues or concerns. Performs special projects, and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes/Oxley compliance and adhere to internal control policies and procedures.


Bachelor's degree in a related field or equivalent combination of training and experience in the mortgage industry. Minimum of five years of experience as a HMDA Compliance Specialist or equivalent progressive mortgage banking experience which provides knowledge and skills necessary to perform compliance and/or regulatory functions.


Broad knowledge of regulatory requirements related to the Home Mortgage Disclosure Act and the Community Reinvestment Act. Familiarity with various mortgage lending functions such as: multi/family origination, processing, underwriting, and quality control. Computer literate with advanced proficiency in Microsoft Outlook, Word, Excel, Access, and Rata software a plus. Strong verbal, written and interpersonal communication skills. Strong organizational skills. Strong analytical and problem solving skills. Ability to work independently and meet deadlines. Ability to work independently and manage multiple project. Must have ability to work with other Business Units in a professional manner. Prior audit or quality control experience a plus. A general understanding of federal regulatory requirements with respect to the Home Mortgage Disclosure Act (Regulation C) and the Community Reinvestment Act (Regulation BB) requirements as they relate to HMDA and Small Business LAR data filings preferred.


Based in Westbury, NY, New York Community Bank is a New York State-chartered savings bank serving customers throughout Metro New York, New Jersey, Ohio, Arizona and Florida. At September 30, 2018, the Company had assets of $51.2 billion, deposits of $30.3 billion, and stockholder's equity of $6.8 billion. 

New York Community Bank serves customers through over 250 branches featuring a divisional structure: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, NYCB is proud to be committed to the communities it serves. To learn more about the NYCB Family of Banks visit us at www.MyNYCB.com .

Branch Out and help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.

NYCB is an equal opportunity employer that prohibits discrimination in hiring or terms and conditions of employment on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information or any other classification protected by the federal, state, and local laws and ordinances.

This policy is applicable to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. When necessary, NYCB will reasonably accommodate employees and applicants with disabilities or with religious requirements necessitating accommodation.

In addition, NYCB complies with all applicable laws which govern nondiscrimination in employment in every location in which NYCB does business.

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