Data Analyst, Home Lending HMDA
OR · On-site +1
The HMDA/CRA Data Analyst is responsible for supporting the organization's compliance with Home ... Remote Travel requirements As a digital first company, the majority of your work can be ...
Data Analyst, Home Lending HMDA
OR · On-site +1
The HMDA/CRA Data Analyst is responsible for supporting the organization's compliance with Home ... Remote Travel requirements As a digital first company, the majority of your work can be ...
Remote Hmda Analyst information
What is the difference between Remote Hmda Analyst vs Remote Mortgage Data Analyst?
| Aspect | Remote Hmda Analyst | Remote Mortgage Data Analyst |
|---|---|---|
| Credentials | Typically requires a degree in finance, economics, or related field; familiarity with HMDA regulations | Requires similar credentials; often includes knowledge of mortgage industry data and compliance standards |
| Work Environment | Remote, financial or regulatory institutions, mortgage companies | Remote, mortgage lenders, financial institutions, or data analysis firms |
| Industry Usage | Primarily in banking, mortgage lending, and regulatory agencies | In mortgage lending, banking, and financial services |
The Remote Hmda Analyst and Remote Mortgage Data Analyst roles share similar credentials and work environments, focusing on mortgage industry data. However, the Hmda Analyst specializes specifically in HMDA compliance and reporting, while the Mortgage Data Analyst may handle broader mortgage data analysis tasks. Both roles are essential in ensuring regulatory adherence and data accuracy in the mortgage sector.
What are the key skills and qualifications needed to thrive as a Remote HMDA Analyst, and why are they important?
To thrive as a Remote HMDA Analyst, you need a strong understanding of the Home Mortgage Disclosure Act (HMDA), data analysis, and regulatory compliance, often supported by a bachelor's degree in finance, business, or a related field. Familiarity with loan origination systems, data validation tools, and compliance software such as QuestSoft or Wolters Kluwer is typically required. Excellent attention to detail, problem-solving skills, and effective remote communication are vital soft skills in this role. These competencies are crucial to ensure accurate reporting, mitigate compliance risks, and maintain the integrity of mortgage data for lending institutions.
What is a Remote HMDA Analyst?
A Remote HMDA Analyst is a professional who works from a remote location to ensure that a financial institution complies with the Home Mortgage Disclosure Act (HMDA). Their responsibilities typically include collecting, analyzing, and verifying loan data for accuracy and regulatory compliance. They also prepare HMDA reports, identify discrepancies, and work with internal teams to resolve data quality issues. This role requires strong attention to detail, knowledge of mortgage lending, and familiarity with HMDA regulations.
What are some common challenges faced by Remote HMDA Analysts and how can they be addressed?
Remote HMDA Analysts often encounter challenges such as maintaining data accuracy across dispersed teams and staying updated on evolving regulatory requirements. Effective communication with loan officers and compliance teams is essential to clarify discrepancies and ensure timely reporting. To address these challenges, many organizations rely on secure data-sharing platforms, regular virtual meetings, and ongoing training to keep analysts informed and connected. Building strong organizational skills and proactively seeking clarification when issues arise can also help remote HMDA Analysts succeed in their role.
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Upstart rating
7.6
Based on 6 frontline employees who took The Breakroom Quiz
Job description
The Team:
Upstart's Home Lending Legal, Regulatory, and Risk Management team plays a critical role in enabling the growth and stability of our Home Lending business. We work cross-functionally with Operations, Engineering, Product, Legal, Risk, and Compliance to ensure that Upstart's home lending activities meet regulatory standards and align with best practices. Our team is focused on building scalable, effective, and forward-looking compliance oversight that empowers business success while managing risk.
The HMDA/CRA Data Analyst is responsible for supporting the organization's compliance with Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) data collection, integrity, reporting, and submission requirements. This role primarily oversees the end-to-end HMDA and CRA data integrity process, including data validation, issue resolution, quality control testing, and timely regulatory submissions.
How you'll make an impact
- Manage HMDA and CRA data integrity reviews, including routine monitoring, exception tracking, and remediation.
- Coordinate the annual HMDA Loan/Application Register (LAR) and CRA data submission processes.
- Perform data validation and quality control testing to identify coding, completeness, and accuracy issues.
- Partner with Compliance, Operations, Engineering, and other business teams to resolve data discrepancies.
- Maintain documentation of data reviews, corrections, procedures, controls, and submission evidence.
- Support regulatory exams, internal audits, compliance testing, and investor or management reporting related to HMDA and CRA.
- Monitor regulatory changes and assist with updates to policies, procedures, training, and system controls.
- Prepare periodic reporting for management on data quality trends, exceptions, corrective actions, and submission readiness.
Minimum Qualifications
- 3-5 years of experience with HMDA and CRA data collection, reporting, or compliance reporting and monitoring.
- Strong understanding of mortgage lending operations and regulatory data requirements.
- Excellent analytical, organizational, and problem-solving skills.
- Ability to work cross-functionally and manage deadlines in a highly regulated environment.
- Proficiency with loan origination, compliance, or data reporting systems.
Preferred Qualifications
- Prior experience preparing HMDA LAR or CRA submissions.
- Familiarity with fair lending, mortgage compliance, or consumer lending compliance.
- Experience supporting regulatory exams, audits, or compliance testing.
Position location This role is available in the following locations: Remote
Travel requirements As a digital first company, the majority of your work can be accomplished remotely. The majority of our employees can live and work anywhere in the U.S but are encouraged to to still spend high quality time in-person collaborating via regular onsites. The in-person sessions' cadence varies depending on the team and role; most teams meet once or twice per quarter for 2-4 consecutive days at a time.
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