Vice President - Originations Compliance

Vice President, Originations Compliance

The Vice President of Originations Compliance is responsible for RoundPoint’s residential mortgage originations compliance program, reporting directly to Roundpoint’s Executive Vice President & General Counsel.

The Vice President is responsible for monitoring RoundPoint’s compliance with applicable laws, regulations, and investor guidelines with respect to its mortgage originations and assumptions business.

The position works closely with RoundPoint’s originations business units to apply changes in laws and regulations and assess impacts to its policies and procedures.

Additionally, this role is responsible for overseeing RoundPoint’s fair lending, disclosure, loan compensation, and HMDA requirements.

The Vice President supports RoundPoint’s compliance integration and testing function and is ultimately responsible for demonstrating adherence to RoundPoint’s Compliance Management System (CMS).

The Vice President serves as a member of the Legal and Compliance Department and routinely interacts with both internal parties and external parties, including regulators and business counterparties.

Responsibilities

• Provide hands on compliance advice and implementation requirements for RoundPoint’s originations activities and other relevant business units, including regulatory and GSE / Agency requirements.
• Assist in the development and / or revision of appropriate policies and procedures to comply with changes in regulatory and investor requirements.
• Work with the appropriate business units in integrating the requirements of these policies and procedures into the business process.
• Develop, oversee and counsel the relevant business units on RoundPoint’s Fair Lending activities.
• Develop and oversee RoundPoint’s HMDA activities, including the filing of the annual LAR
• Assist the Legal and Compliance Department in responding to inquiries from regulators and managing examinations.
• Assist business leadership with the development and implementation of sustainable, effective corrective action plans to remediate compliance issues identified internally or externally through exams and audits.
• Manage remediation of issues, regulatory changes, and the associated remediation plans and controls within RoundPoint’s internal Issue Tracker.
• Review, maintain, and suggest improvements for the compliance monitoring program through periodic discussions with the senior leadership team.
• Provide reporting to company leadership on the state of the originations compliance program.
• Review originations related marketing material to ensure compliance with applicable law and avoid UDAAP violations.
• Assist with compliance and regulatory training within the Company.
• Perform other duties as assigned.

Qualifications

• Must have at least 10 years demonstrated history of providing compliance advice and direction applicable to residential mortgages.
• At least 5 years of experience as a compliance manager in financial services, with mortgage experience.
• Extensive knowledge of mortgage origination laws and implementing regulations, including RESPA, TILA, ECOA, FHA, HMDA, UDAAP, FCRA and relevant state laws.
• FNMA, FHLMC, FHA, and GNMA experience preferred.
• Experience with mortgage assumptions preferred.
• Experience interacting with regulators at both the federal and state level.
• Experience setting and overseeing compliance with credit policy and lending standards.
• Experience with Fair Lending, loan disclosure, loan originator compensation, and HMDA activities
• Strong leadership experience.
• Must be an articulate, effective communicator, able to prepare and deliver project specific reports.
• Must have project management experience.
• Bachelor's degree required, law degree preferred, but not required if the candidate has requisite originations compliance experience in the mortgage industry.

Physical Demands & Working Conditions

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job :

• The employee is regularly required to talk or hear.
• The employee is required to sit for extended periods of time and is occasionally required to stand and walk.
• The employee must regularly use hands to finger, handle, or feel objects and is regularly required to reach with hands and arms;

the employee may occasionally climb or balance, and stoop, kneel, crouch, or crawl.

• The employee must frequently lift and / or move up to 10 pounds and occasionally lift and / or move up to 25 pounds.
• Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus.
• The noise level in the work environment is usually quiet to moderate, and no extreme conditions are present.

About Two Harbors Investment Corp.

Founded in 2009, Two Harbors Investment Corp. (NYSE : TWO) has grown into a leading publicly traded residential mortgage real estate investment trust (mortgage REIT).

We leverage our core competencies of understanding and managing interest rate and prepayment risk to invest in our Agency residential mortgage-backed securities (RMBS) and mortgage servicing rights (MSR) portfolio, with the objective of delivering attractive risk-adjusted returns to our stockholders.

In 2023, we acquired RoundPoint Mortgage Servicing LLC, a fully integrated, non-bank mortgage company, reaffirming our commitment to MSR as core and essential to our business strategy and our future.

A combined Two Harbors and RoundPoint capitalizes on the strengths of both companies, adding significant value for stakeholders through operational and cost efficiencies, as well as the ability to participate more fully in the mortgage finance space as opportunities arise.

Company

RoundPoint Mortgage Servicing

Location

Dallas, TX or Fort Mill, S.C.

Employee Status

Regular

Travel

Telecommuter Position