TE Compliance Analyst

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Summary

The Compliance Analyst is responsible for analyzing loans from a sample size to ensure compliance to client policies / procedures as well as federal regulations.

The analyst will use servicer systems and documentation and needs to be knowledgeable about servicing best practices in accordance to new regulations governing national servicing standards.

The analyst needs to ensure a good balance between production expectations and quality expectations as set by management.

This position is classified as a Transactional Employee (TE). Transactional Employees are assigned to work on an "as needed" or project basis.

The variable nature of the transactional role cannot guarantee a 40-hour work week. Transactional employees are typically designated to work on a deal or a particular client assignment.

At times, work may be reduced, and there may be occasional periods of no work. Efforts will be made to assign work, but work is entirely dependent on client needs.

Essential Functions

Analyze loans using servicing systems and documentation for compliance as defined by client policies / procedures and / or federal regulations like the DOJ standards.

Review servicing practices for loans in Bankruptcy to ensure compliance with federal, state and local regulations as well as servicing standards set by the Department of Justice (DOJ).

Review court filings for compliance with federal, state and local regulations as well as servicing standards set by the Department of Justice (DOJ).

Work closely with the Quality Control team and immediately apply feedback received to ensure the department goals are achieved and that client expectations are satisfied.

Identify compliance issues, document and present findings via Appian to communicate to the Client.

Understand the default process, as well as conducting quality control audits of affidavits and documents.

Review foreclosure documents, including affidavits of indebtedness for accuracy of information.

Ability to work overtime and weekends if needed.

Perform other related duties as assigned.

Essential Knowledge, Skills, & Abilities

Excellent verbal and written communication skills.

Proficient knowledge of Microsoft Office Suite, including Word, Excel, and PowerPoint.

Ability to prioritize multiple objectives to meet client deadlines and department goals.

Strong analytical and problem-solving skills.

Ability to work in a fast-paced, metrics driven environment.

Knowledge of the servicing standards / best practices as defined by the Client and / or federal guidelines like DOJ or CFBP standards.

Knowledge of servicer systems and documentation and affidavits involved in the default process.

Capacity to navigate a complex business process model and identify potential bugs in the associated logic.

Ability to receive and apply constructive feedback to improve efficiency and quality of personal and team performance.

Excellent PC skills, including Fidelity, Foreclosure Processing Systems, LPS Desktop, VendorScape, MERS, etc.

Ability to use technology or identify technology opportunities that will improve processing efficiencies and work product.

Commitment and ability to cultivate a diverse and inclusive work environment.

Education

Bachelor's degree in relevant field or equivalent combination of experience and education.

Experience

1+ years of relevant industry experience required.

Experience with performing file reviews on loss mitigation, default servicing and foreclosure documents and affidavits.

1+ years of Default, Foreclosure, REO, Modification and Loss Mitigation experience.

1+ years of Flood Insurance experience related to mortgage servicing preferred.

Compensation and Benefits

Covius offers an extensive benefits package for all employees, including medical, dental, vision and 401k!

Compensation : $24.00- $27.00 / hour

Application Guidelines :

For best consideration, please submit your resume and application materials by 11 / 7 / 2024. Review of applications will begin immediately.

Working Conditions

Work is performed in a climate controlled indoor administrative office setting. The noise level in the work environment is usually quiet to moderate, depending upon the office or meeting location.

Physical Demands and Activities

While performing the duties of this job, the employee is frequently required to communicate. The employee frequently is required to remain stationary.

The employee is occasionally required to move about the office, operate a computer and other office machinery, such as calculator, copy machine, and computer printer;

occasionally position self to maintain files; occasionally moves boxes weighing up to 10 lbs. Close and distance observation required with ability to observe objects at close range in presence of glare or bright lighting (e.

g., computer screen). Must possess the ability to communicate information and ideas so others will understand and have the ability to interact with external and internal stakeholders.

Covius is committed to equal opportunity in all employment practices to all qualified applicants and employees without regard to race, color, religion, gender, gender identity, age, national origin, pregnancy, disability, genetics, marital status, military or veteran status or any other protected category as established by local, state, and federal law.

This policy applies to all aspects of the employment relationship including recruitment and hiring, placement, promotion, transfer, compensation, disciplinary action, layoff, leaves of absence, training, and termination.

All such employment decisions will be made without unlawful discrimination based on any prohibited basis.

The essential functions, working conditions and physical demands described above are representative of those that must be met by an employee to successfully perform the essential functions of this job.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

Please note that all job descriptions are not intended to be all-inclusive. This job description is not designed to cover all activities, duties or responsibilities that are required of the employee for this job.

Employees may be required to perform other duties at any time with or without notice to meet the ongoing needs of the organization.

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!