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Senior Risk and Compliance Testing Specialist

Location: Lewisville, TX, United States
Req ID: 015718

Job Description

Description

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Ready to be a Cooper too? This might just be right up your alley!

We’re here to keep the dream of home ownership alive. Oh, and while we’re at it, we’re determined to change the lending industry itself. It’s simple, but it won’t be easy. And we’ll need a great team behind us. (That’s where you come in.) We want to show the world that transparency, candor and collaboration aren’t just good values. They’re good business. Working here isn’t for people who want to punch a clock. It’s for people who want to punch a hole in the status quo. Come join us. And make a difference instead of just a living.

The Risk and Compliance Testing department supports Mr. Cooper with testing and monitoring processes and programs independent of the business line to ensure compliance with federal and state requirements. This position is responsible for performing quality control on TILA-RESPA fee tolerance reviews to ensure accuracy. 

ESSENTIAL JOB FUNCTIONS

  • Perform accurate and timely QC to meet end of month deadlines with strict SLAs.
  • Assist the lines of business with root cause analysis as needed
  • Perform ad hoc special audit requests and research projects for internal parties including but not limited to ensuring compliance with TILA-RESPA requirements.
  • Stay informed of process updates within the Lines of Business that affect testing and controls performed by Risk and Compliance Testing.
  • Other duties as assigned

FUNCTIONAL JOB COMPETENCIES

  • Detailed Oriented
  • Strong Problem-Solving Skills
  • Strong Organizational Skills
  • Self-Motivated
  • Analytical
  • Effective Time Management Skills
  • Strong Communications Skills and Grammar

REQUIRED SKILLS

  • MS Office (Excel, Word, Outlook, PowerPoint)
  • Experience in the Mortgage Origination process with knowledge of TILA, RESPA, and TRID disclosures, specifically fee tolerance requirements

PREFERRED SKILLS

  • Advanced Excel skills (formulas, Vlookups, pivot tables, etc.)
  • 4-year bachelor’s degree

Mr. Cooper is committed to nurturing a diverse and inclusive environment where every employee is empowered to be their authentic self.  We know that a large part of our success as a business is directly tied to our ongoing efforts to attract and retain diverse talent and maintain an inclusive environment where each employee can thrive.  Embracing and leveraging diversity through an inclusive work environment fosters new ideas, new insights, and constant innovation.  We strive to weave the principles of diversity and inclusion throughout the fabric of how we work, how we interact, and how we engage with our customers and the community.

Job Requisition ID:

015718

Job Category:

Corporate Compliance

Primary Location City:

Lewisville

Primary Location Region:

Texas

Primary Location Postal Code:

75067

Primary Location Country:

United States of America

Posting Organization:

Mr. Cooper

Line of Business:

Credit/Risk

Additional Posting Location(s):

Alternate Requisition:

No

Summary

Performs testing, monitoring and oversight processes and programs independent of the Business Line. Testing can consist of transactional level sampling and/or total population reviews and may include the review of compliance with Company policies, standards and procedures, data quality and internal controls. The Originations testing program covers all loan applications which are canceled, denied, withdrawn, originated, warehouse funder, or purchased residential mortgage loans. The testing includes operational compliance and controls related to regulatory and Investor requirements in addition to operational risk points.
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