HMDA Specialist

GENERAL SUMMARY

This position is responsible for the review and accuracy of the HDMA loan data required to be collected and reported in accordance with the Bank and HMDA regulatory requirements.

ESSENTIAL FUNCTIONS

• Responsible for accuracy and integrity of the data collected and reviewed that is reported on originated mortgage loans, as well as non-originated applications (denials, withdrawal, approved but not accepted applications).
• Scrub and audit file loan data to uncover any systematic problems, discrepancies, or data integrity issues.
• Perform second line reviews on Bank Purchase Loans.
• Work with various mortgage operations team members as well as other areas of the Bank to correct data within the loan origination system (Empower) or on the LAR.
• Identify commercial HMDA reportable loans; prepare manual HMDA LAR by working with various commercial lending units.
• Report any potential concerns about non-compliance with HMDA regulatory requirements.
• Prepare monthly HMDA excel reports that will be submitted to the Compliance Department for LAR reporting.
• Meet monthly deadline for HMDA data required on the Loan Application Register (LAR).
• Perform other tasks which may be assigned by management.

QUALIFICATIONS

• Education: College graduate with major in accounting or business preferred.
• Experience: Minimum three years of mortgage lending and banking experience with good knowledge of lending regulations. Knowledge of the Home Mortgage Disclosure Act (HMDA) is preferred.
• Skills/Ability: Strong analytical and research skills; strong planning, organizing, and problem-solving skills; strong written and verbal communication skills; must be able to adapt well to a fast paced and constantly changing business environment; PC proficient at the expert level; demonstrated ability to work in a team-oriented environment; bilingual English/Chinese is a plus.

OTHER DETAILS

$20.00 - $24.04 / hour
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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