Boston Private Bank & Trust Company

  • HMDA Compliance Specialist II

    Job Locations US-MA-Boston
    Posted Date 1 month ago(12/6/2018 3:51 PM)
    Job ID
    # of Openings
  • Overview

    Boston Private is a leading provider of fully integrated wealth management, trust and private banking services. For more than 25 years, Boston Private has taken a highly personalized approach to serving the complex financial needs of individuals, families, business owners, private partnerships, nonprofits and community partners. Boston Private is also an active provider of financing for affordable housing, first-time homebuyers, economic development, social services, community revitalization and small businesses. 

    Headquartered in Boston, Boston Private has offices across the U.S. including Boston, San Francisco, San Jose, Los Angeles and South Florida. Private banking and trust services are provided through Boston Private Bank & Trust Company. Wealth management services are provided through Boston Private Wealth LLC, an SEC registered investment adviser and a wholly owned subsidiary of Boston Private Bank & Trust Company.


    The primary function of this position is to accurately record all the residential mortgage loan HMDA data and the timely submission of the HMDA LAR.  Due to the highly regulated nature of the mortgage business, this individual is responsible for ensuring that our HMDA data is complete, recorded properly, accurately, timely and adheres to all HMDA regulations.  An ideal candidate will have experience with the collection of HMDA data and will be able to juggle numerous tasks, be detailed oriented, and work well independently and under pressure.  

    The secondary function of this position will be to support management with residential lending and loan servicing compliance efforts and perform testing or monitoring as appropriate to ensure regulatory guidelines are followed.  And this role also has supervisory responsibilities for Compliance Specialist I staff members.



    • Oversees the review of the Compliance Specialist I’s loans to ensure the HMDA data stated on the HMDA sheets for originated and non-originated loans matches the source documents in the loan files. 
    • Oversees the review and examination of the Compliance Specialist I’s originated and non-originated files to ensure that each file has been coded properly and recorded accurately on the HMDA LAR.
    • Ensure the accuracy by spot audits/testing of any HMDA reviewed loans by others.
    • Accurately complete and review HMDA processing sheets for originated and non-originated loans and enter HMDA data into HMDA screens in Encompass.
    • Cross reference HMDA data on the HMDA sheet with the loan file to ensure accuracy.
    • Ensure that the HMDA information entered into the loan processing system, Encompass, is accurate and complete.
    • Export the HMDA data information into the HMDA Wiz software on a monthly basis.
    • Audit the export file to ensure all data was transferred properly.
    • Run pipeline reports and cross reference reports to the HMDA LAR to ensure all required loans are reported.
    • Quarterly, communicate with the commercial lending group and obtain HMDA LAR data for loans that were completed by that group.
    • Review and scrutinize our declined and withdrawn files to ensure that each file has been coded properly and are recorded on the HMDA LAR.
    • Submit the LAR to the regulatory agency on a yearly basis.
    • Manages the Bank’s pre-approval process.

    Other Regulatory Compliance Responsibilities:

    • Monitor regulatory banking websites such as the CFPB and American Bankers Association (ABA) for legislative and regulatory developments and report any applicable updates to management.
    • Performs self-monitoring initiatives including, but not limited to, HMDA, ECOA, TRID, Flood, appraisal review, etc., and identifies gaps in controls and proposes solutions to management.
    • Performs ad-hoc trainings with departmental staff where deficiencies in controls or procedures are discovered.
    • Provides support to the Bank’s compliance department for regulatory examinations and audits.
    • Regularly attends all compliance related meetings and works as a liaison with management with all facets related to Loan Servicing compliance.
    • Assist management with establishing the yearly compliance training for the residential and loan servicing employees.



    • Five years of banking compliance, audit or regulatory experience.
    •  General knowledge of various consumer banking regulations including, but not limited to: ECOA, HMDA, RESPA, TILA/TRID, Flood, UDAAP, Privacy, Fair Lending, etc.
    • CRCM preferred but not required.
    • Strong analytical and organizational skills.
    • Strong interpersonal skills and influencing abilities.
    • Ability to organize and prioritize work and meet required deadlines.
    • Strong written and verbal communication and presentation skills.
    • Experience with Encompass loan operating system

    Boston Private is an Equal Opportunity Employer


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