Regulatory Quality Assurance Specialist I

JOB SUMMARY

The HMDA, CRA and Insurance Compliance Specialist is responsible for managing and performing all aspects of HMDA Loan Application Register (LAR) and CRA LAR reporting, as well as tracking Hazard, Windstorm, and Flood Insurance compliance. This role ensures the bank remains compliant with regulatory requirements while supporting related operational functions.

ESSENTIAL DUTIES

The duties listed below may not include all responsibilities that the person in this role may be asked to perform. Incumbent may be required to perform other related duties as assigned, including cross training across other departments, as necessary.

• Manage and complete HMDA LAR and CRA LAR reporting; oversee tracking for Hazard, Windstorm, and Flood Insurance
• Recommend updates to management regarding related policies and procedures
• Generates reports for regulatory compliance, audits, internal research, corrections and adjustments.
• Send monthly exception notices to lending officers.
• Send daily matured loan and flood notices for 30-, 60-, and 90-day periods
• Verify and monitor loans requiring force-placed hazard and flood insurance
• Reconcile force-placed insurance policies with the Accounting department.
• Manages hazard insurance tracking and update covenants in nCino based on insurance documents.
• Update exceptions and loan information in both nCino and Silverlake
• Process insurance refunds as needed.
• Scan and maintain insurance documentation.
• Contact insurance agents for all flood loans to confirm active policies prior to nCino approval, verify renewals, and collect updated flood and hazard policies.
• Review all mortgage, consumer and commercial real estate loans for annual HMDA reporting in Centrax
• Review commercial loans for annual CRA reporting in Centrax
• Reviews and approves builder’s risk insurance policies provided by Loan Servicing
• Reviews and approves loan advances on properties located in flood zones.
• Serve as the primary contact for audit and compliance inquiries related to Flood Insurance, HMDA, and CRA reporting
• Provide requested documentation and information to external auditors annually
• Offer support to other units in the department as needed
• Deliver high-quality service with prompt and accurate completion of tasks
• Assists management with loan department related processing issues
• Participate in job specific training and other various Bank training programs, as necessary
• Maintains current knowledge of internal risk controls and loss prevention, including reporting of suspicious or unusual customer activity per Bank policy
• Maintains current knowledge and complies with all federal and state laws and regulations and all established Bank policies and procedures, including internal audit controls related to department operations
• Maintains current knowledge of all rules, regulations, and laws as they apply to BSA/OFAC/USA Patriot Act/CIP/AML