Senior Compliance Analyst

Description

The Senior Compliance Analyst performs analysis, compliance review and operational support for the Agency's Single Family homebuyer programs. This position's primary responsibilities include: drafting SOPs and manuals, loan file review, file audits, program compliance, regulatory compliance, quality control, and risk management.

Requirements

ESSENTIAL DUTIES AND RESPONSIBILITIES:

* Responsible for developing, maintaining, and updating internal Single Family operations manuals and standard operating procedures (SOPs) to support operational efficiency and compliance.

* Conduct comprehensive audits of closed loan files (FHA, VA, Conventional, MRB, and TBA) to ensure compliance with federal, state, and Housing Finance Agency (HFA) program guidelines

* Verify the accuracy and completeness of all documentation, including disclosures, closing statements, title commitments, insurance policies, income and asset documentation, AUS findings, and appraisal reports.

* Confirm adherence to TRID, RESPA, TILA, HMDA, ECOA, and other federal compliance regulations.

* Ensure TBA and MRB program compliance by validating borrower eligibility, income limits, purchase price limits, and reservation lock data against program requirements.

* Review data entry accuracy between the Loan Origination System (LOS), and final closing documentation.

* Identify, document, and track post-closing deficiencies

* Perform secondary compliance audits on HPAP, MRB, and TBA loan pools purchase or delivery to ensure data consistency with program reservations and funding requests

* Maintain and update internal post-closing and compliance review checklist

* Support pre and post-delivery reviews, ensuring file documentation aligns with program standards

* Track common error trends and recommend training opportunities and process improvements

* Stay abreast on FHA, VA, Fannie Mae, Freddie Mac, and GNMA program updates, as well as HFA-specific TBA and MRB compliance requirements

* Ensure accurate reporting of borrower data, household income calculations, and acquisition cost limits for MRB loans in compliance with IRS tax-exempt rules

* Verify TBA loan funding aligns with pipeline management and delivery schedules

* Support program reporting, recapture calculations, and annual audit preparation for TBA and MRB programs

* Collaborate with Office of Financial Management to ensure loan-level compliance aligns with bond allocations and pool delivery timelines

* Communicate audit findings and required corrections to internal teams and external lending partners

* Assist in drafting compliance bulletins, process documentation, and training materials specific to TBA/MRB program updates and federal requirements

* Participate in compliance meetings, investor calls, and HFA webinars to maintain up-to-date program knowledge and share updates internally

* Perform other duties as required

KNOWLEDGE AND

QUALIFICATIONS:

* Bachelor's Degree in Business, or another related field or equivalent professional experience

* Certification in Mortgage Compliance preferred

* Ten (10+) years' experience with mortgage file review and compliance

* Ten (10+) years' experience in drafting Standing Operating Procedures (SOPs) and manuals

* Knowledge of housing programs specifically DC Open Doors and Home Purchase Assistance (HPAP) preferred

* Understanding of mortgage concepts, practices, and procedures

* Familiarity with CRM software and/or website CMS is a plus

* Advanced experience with Microsoft Excel

* Ability to perform data analysis such as extract useful information from large datasets.

* Possess excellent organizational skills and be detail-oriented

* Good at planning and time management; work efficiently and meet deadlines.

OTHER CHARACTRISTICS:

* Ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines

* Maintain high ethical standards of integrity and quality

* Ability to work independently and adapt easily to changing priorities.