Illinois Housing Development Authority
Compliance Analyst
DEPARTMENT:
Homeownership Programs
SALARY GRADE:
Compliance Analyst (HHF)
4
REPORTS TO:
Compliance Supervisor
SUMMARY STATEMENT:
The Compliance Analyst is responsible for monitoring borrower compliance throughout the program term and ensuring ongoing eligibility for assistance. The Compliance Analyst will communicate with borrowers, loan servicers, employment service agencies, and the Loan and Portfolio Management Department to ensure all program requirements and compliance is met. Compliance reports will be generated throughout the program term as requested by Treasury and IHDA staff.
Must be experienced in data analysis and compliance tracking. Must have the ability to quickly and efficiently analyze files, utilize a client management data system, work collaboratively with loan servicers, and perform client follow-up. Experience with income verification is preferred. Must have the ability to rapidly acquire knowledge about federal program regulations and work in a fast paced environment with a high volume of borrowers.
ESSENTIAL FUNCTIONS:
1
Monitor multiple borrower files ensuring compliance with income eligibility, funding receipt and disbursement, and all federal program regulations. Provide follow-up with borrowers as needed during assistance term and following borrower exit from the program.
2
Communicate directly with loan servicers regarding program terms and mortgage reports, and interact with the Loan and Portfolio Management Department regarding flow of funds.
3
Under the supervision of the Compliance Manager, perform data analysis on program conditions and outcomes as requested and formulate reports for submission to Treasury.
Illinois Housing Development Authority
Position Description
JOB TITLE: Compliance Analyst (HHF)
DEPARTMENT: Homeownership Programs
ADDITIONAL DUTIES AND RESPONSIBILITIES:
4
Perform additional duties as assigned.
EDUCATION AND EXPERIENCE REQUIREMENT:
Possession of an undergraduate degree or equivalent of four years of experience in underwriting, residential lending, compliance, or, a combination of training, education and experience that is equivalent to the employment standard listed above and that provides the required knowledge and abilities. Bilingual in Spanish a plus.
Submit resumes and cover letters to employment@ihda.org.
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In the heart of Chicago, we offer degrees in fields of study that can change your life and change the world. CUPPA students and alumni are uniquely skilled to build and transform sustainable urban neighborhoods and communities and to address the challenges presented in the 21st century. Find our more about our Bachelors, Masters, and Doctorate degrees at cuppa.uic.edu.
Follow our job postings below and our national job tweets at @CUPPACareers. For student internships and student opportunities, head to the CUPPA Student Opportunities Blog
Have a job or internship to post? Send an email with the title, location, job description, and contact information to cuppa@uic.edu