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Manager, Servicing Compliance in Mount Laurel Township, NJ at Ocwen Financial Corporation

Date Posted: 4/8/2019

Job Snapshot

Job Description


Ensure companywide compliance with applicable federal and state mortgage banking and related servicing laws and regulatory matters, reporting to the Director of Servicing Compliance Advisory. Communicate, assist and support all aspects of servicing for the firm including regulatory changes, compliance policies and procedures and internal (audit, quality control, etc.) and external (CFPB, OCC, GSE and other third party) requirements.
Primary Responsibilities
  • Assist in the development and maintenance of the company’s compliance implementation and risk assessment programs to ensure the company is in compliance with applicable laws, regulations, supervisory guidance and agency guidelines related to mortgage servicing  
  • Recommend, develop and implement changes to existing and proposed procedures, policies and programs
  • Assist in the revision, reparation and dissemination of new and updated compliance standards and procedures
  • Keep abreast of regulatory and legal developments governing mortgage servicing
  • Provide advice, guidance and insight to Servicing Senior Management and staff personnel on emerging compliance issues and consults and guides the company in establishment of controls to mitigate risk
  • Provide assistance to various departments in the formulation of forms and disclosure documents for compliance with all applicable laws, regulations, supervisory guidance, investor programs, internal policies and procedures
  • Identify, communicate and help develop compliance education programs and provide compliance training
  • Draft summaries of legislative changes and help publish compliance bulletins
  • Assist the servicing support units in the design and implementation of any legislative or regulatory changes
  • Develop training, test plans or reporting as necessary to ensure an understanding of new regulations or legislation
  • Help draft effective compliance policies and procedures; ensure Compliance Policy and Procedures manuals are current
  • Assist in completing annual compliance test plans and maintenance of compliance risk assessments
  • Understand federal regulatory compliance statutes, regulations, state laws and their impact on existing servicing policy and business practices
  • Assess and rank compliance risk relative to all federal compliance regulations and state laws, taking into account the potential civil penalties, reputational risk, regulatory risk, scope, controls and potential for non-compliance
  • Complete periodic assessment reviews and transactional testing of business processes with federal and state regulatory compliance impact
  • Manage and execute various projects as needed.


  • 3+ years of Mortgage Banking, Regulatory Compliance or Auditing experience
  • Bachelor's Degree required
  • JD from an accredited law school preferred
  • Highly motivated, self directed, proactive, self-disciplined and team-oriented
  • Ability to work independently and under pressure in a fast-paced and dynamic environment handling multiple competing tasks simultaneously to closure
  • Excellent oral and written communication and interpersonal skills, strong work ethic, and critical thinking skills
  • Proficient in Microsoft Applications including Excel, Word and PowerPoint
  • Demonstrated ability to cope with a rapidly changing regulatory environment on a federal and state level
  • Strong working knowledge of mortgage business operations procedures, including mortgage servicing operations and procedures
  • Strong and detailed understanding of regulations related to mortgage servicing
  • Working knowledge of federal and state compliance laws and regulations including a proven ability to apply these requirements to business practices, systems and identify and assess compliance risk
Ocwen is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

Ocwen Financial Corporation, our affiliates and subsidiaries (“Ocwen”) is an Equal Opportunity Employer. Ocwen and its affiliated companies recruit and hire qualified candidates without regard to race, religion, color, sex, sexual orientation, age, national origin, citizenship and veteran or disability status, or any factors prohibited by law

Primary Location
US-NJ-Mount Laurel