Lending Compliance Analyst Job at Massachusetts Institute of Technology, Lexington, MA

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  • Massachusetts Institute of Technology
  • Lexington, MA

Job Description

REQUIRED: Bachelor's degree in a related field; a minimum of two years of relevant experience; complies with all policies and procedures of MIT and MIT Federal Credit Union; displays professional behavior, attitude, appearance and dress; projects a positive image for Credit Union; more progressively responsible work experience within the mortgage and consumer lending functions of a financial institution where the incumbent has gained an in-depth working knowledge of the following lending regulations: Equal Credit Opportunity Act (RegB); Truth in Lending Act (Reg Z) and Real Estate Settlement Procedures Act (Reg X), together known as "TILA/RESPA" or "TRID;" Home Mortgage Disclosure Act (Reg C); Fair Credit Reporting Act (FCRA); Flood Insurance Regulation; Fair Lending Act; Fair HousingAct; State Banking lending laws, Fannie Mae/Freddie Mac/FHA/VA guidelines and the loan process, from underwriting through servicing; and robust analytical, communication, interpersonal, organizational and presentation skills. PREFERRED: Knowledge of applicable federal; mortgage banking courses; and state laws and lending experience. Job #24897-7 4/3/2025 LENDING COMPLIANCE ANALYST, Credit Union, will support, implement, and monitor the end-to-end internal compliance audit monitoring program for the Consumer and Lending departments to ensure regulatory reporting and documentation requirements are met; monitor all credit-related regulatory compliance policies and procedures, risk assessments, and monitoring of new credit-related laws and regulations; serve as a resource on applicable regulations, including newly issued rules and regulations, and communicate guidance consistently and timely to business unit; and provide recommendations and guidance to lending departments to ensure new and existing compliance and risk operating policies and procedures are executable by their respective teams and maintains a high-quality experience for members.

Job Tags

Work experience placement,

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