Vice President, Mortgage Compliance
Carmel, IN Merchants Bank of Indiana
Job Type

Summary: The Mortgage Compliance Officer will provide business unit oversight of compliance with primary federal and state regulations and statutes for the mortgage department. This position will work closely with the Compliance Department to ensure compliance of all mortgage-related rules, regulations, and in addition, this position will work directly with parties in the collection and reporting of data for departmental exams and audits.

Essential Functions And Duties: 

  • Ensure that Mortgage Department policies and procedures comply with applicable regulatory requirements.
  • Work with Marketing, Legal and Compliance in the marketing and advertising of mortgage products and services to ensure applicable rules and regulations are being followed.
  • Develop and monitor key performance indicators for the mortgage department.
  • Assist in other areas when needed such as product and system testing and development.
  • Serve as a subject matter expert in key laws and regulations for the mortgage department.
  • Monitor and analyze developing trends and changes in applicable mortgage-related laws and regulations. Assist mortgage department management with the implementation of regulatory changes.
  • Assist in training mortgage department operations and sales associates on compliance-related matters.
  • Review new products and initiatives for compliance with applicable federal and state regulations, statutes, and guidance.
  • Assist in state mortgage expansion projects and have knowledge of lending laws in the Company’s lending areas.
  • Provide responses regarding daily questions from associates throughout the company regarding complex TRID, Regulation B, and other regulatory issues.
  • Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.
  • Willingly perform all other duties and projects as assigned.
  • Minimum of 5 years’ experience in mortgage banking, compliance, lending, or a similar industry that directly correlate to job functions and responsibilities required.
  • Demonstrated proficiency in Microsoft Office products. 
  • Must be able to work independently and exercise good judgment in escalating of issues to mortgage department management.
  • Must work closely with Bank Compliance department on issues relating to mortgage lending.
  • Must be able to make decisions regarding compliance requirements and determine potential compliance implications for various situations.
  • Must have a highly developed work ethic including self-motivation, time management, organizational, and detail orientation skills.
  • Must be able to manage multiple projects at once.
  • Must approach tasks with a sense of urgency and adhere to assigned deadlines.
  • Must have effective communication (written and verbal) skills to adequately convey reports, findings, etc. related to job function.