Job Details

Job Title: HMDA Quality Assurance Specialist

Location: On Site - Franklin, Massachusetts, United States

Salary: $55,000-$60,000

Skills: HMDA compliance, mortgage post-closing, regulatory auditing, loan documentation review

About the Banking Company / The Opportunity:

Join a reputable leader in the banking industry, dedicated to delivering comprehensive mortgage and lending solutions for individuals, families, and businesses. This role offers a unique opportunity to ensure regulatory compliance and drive quality standards within mortgage operations. As a HMDA Quality Assurance Specialist, you will collaborate with cross-functional banking teams to safeguard compliance, streamline critical lending processes, and support the growth and integrity of the financial services offered to the community.

Responsibilities:

• Assist in the development and execution of internal quality assurance programs for pre-funding and post-closing of loans, ensuring adherence to bank policies and regulatory requirements.
• Conduct in-depth mortgage file post-closing reviews, verifying legal, origination, and closing documentation for compliance accuracy.
• Collect, validate, and analyze loan data to ensure full compliance with HMDA requirements, including precise data entry and reporting.
• Perform second-level review of HMDA data and collaborate on process and procedural improvements, training, and auditing.
• Participate in the design and rollout of HMDA procedures, controls, and internal auditing programs; facilitate annual LAR submission.
• Provide backup support for compliance assessments, servicing audits, and additional loan servicing functions as needed.
• Prepare monthly HELOC review reports and support FNMA funding, conversions, and reconciliations.
• Deliver exceptional customer service, addressing internal and external requests related to HMDA and post-closing processes.

Must-Have Skills:

• Minimum of 2 years' experience in loan post-closing and HMDA quality assurance within the banking sector.
• Strong knowledge and understanding of lending processes, post-closing documentation, and regulatory compliance standards.
• Demonstrated experience with HMDA regulations and reporting requirements.
• Exceptional attention to detail and accuracy in data entry and loan documentation review.
• Proficiency in Microsoft Office applications, particularly Excel, Word, and Outlook.

Nice-to-Have Skills:

• Experience with loan origination systems such as Finastra Mortgagebot LOS.
• Familiarity with HMDA software solutions, especially QuestSoft.
• Excellent organization and customer service skills.
• Ability to interpret loan documentation, disclosures, and complex procedures.
• Strong communication skills for interdepartmental collaboration and customer service support.