Mortgage Compliance

Redstone is one of the fastest-growing fintech startups in the country focused on streamlining the creation of esoteric alternative asset classes. The fintech disruptor dismantled the MBS ecosystem, streamlining it with a digital platform that employs AI and machine learning tools to eliminate unnecessary steps and redundant time-wasting approval processes. Redstone’s growing MBS partner network includes institutional and retail investors, forward flow partners, brokerages, and mortgage lenders.

In pursuit of that mission, Redstone is seeking a Mortgage Compliance to join the team in Chicago. The Mortgage Compliance position requires a solid understand of regulatory compliance including knowledge of TRID, RESPA, HMDA Federal and State regulations and how those laws & regulations pertain to loan origination business.

What you’ll do at Redstone:

• Functions as a SME (subject matter expert) in all areas of Consumer Compliance (i.e. advertising, HMDA, REPSA, TRID, AML etc.) to support the Key Mortgage Services.

• Assisting in the development, maintenance, and monitoring of effective procedures and controls related to the Compliance Program.

• Collaborating with business units and infrastructure groups on the implementation of regulatory changes and by providing guidance/support on projects and process enhancements.

• Assisting in the preparation of reporting on applicable program components and metrics.

• Assist other senior compliance professionals in evaluating the adequacy of business policies, procedures, training, and reference materials, system, and manual processes with respect to regulatory requirements.

• Provide responses regarding daily questions to the Compliance Inbox from staff members throughout the company regarding complex TRID, company policies and procedures and regulatory questions as well as how to interpret Mavent report

• Review marketing material

• Assist Vendor Management team with compliance issues and perform compliance review of vendors.

• Ensure compliance with the SAFE Act requirements, Including Loan Originators, Branch Offices and Company licensing through NMLS.

• Oversee AML fraud detection, suspicious activity and market manipulation through monitoring and reporting

• Ensure compliance with the Independent Appraisal Act.

Why you are a fit at Redstone:

• Ability to interpret and execute Federal Regulations as they apply to advertising and fair lending rules (UDAAP, RESPA, TILA, FTC, SAFE, MAP, HMDA etc.)

• Minimum 2-3 years experience in financial regulatory compliance

• Familiarity with credit underwriting, finance, or a related field preferred

• Advanced Excel, Word, and PowerPoint skills

• Excellent interpersonal skills, including verbal and written communications

• Strong research, analysis, problem-solving, and decision-making skills with the ability to identify compliance risks and issues for escalation to management, as necessary

• Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly-changing environment.

• Knowledge of LOS Encompass preferred