FLOD Analyst1

At Mr. Cooper Group, You Make the Dream Possible.
Our purpose is simple: Keeping the dream of homeownership alive. As a Mr. Cooper Group team member, you play a big role in making that dream possible. Around here, we know our roles and work together, volunteer to make a difference, and challenge the status quo when needed. Everything we do is in the care and service of our teammates and our customers.
Join us and make the dream of home ownership possible!
Job Responsibilities

• Partner with Lines of Business/Change of Law to assess and facilitate testing changes related to new and updated Federal law, State law, and Agency/Investor regulations
• Ensuring that all processes follow federal, state, and company regulations regarding mortgage lending. This includes adherence to fair lending practices, anti-money laundering regulations, and consumer protection laws.
• Conducting quality checks to ensure accuracy and completeness, identifying any discrepancies or issues that need to be addressed.
• Participating in training sessions to stay updated on regulatory changes, company policies, and best practices in mortgage lending.
• Analyze, interpret, and understand state and regulatory requirements in collaboration with the Business, Legal, Risk, and Compliance teams.
• Identifying potential risks associated with loan applications and escalating issues to senior staff or management as needed.
• Monitor the accuracy of all test scores monthly.
• Providing training to Junior Associates on compliance requirements, policies, and procedures.
• Perform root cause analysis, corrective actions, and monitoring to prevent recurrence.
  

Mr. Cooper Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or status as a protected veteran. EOE/M/F/D/V
Job Requisition ID
023656
Job Category
India Business Operations
Primary Location City:
Bengaluru
Primary Location Region:
Karnataka
Primary Location Postal Code:
560064
Primary Location Country:
India
Additional Posting Location(s):