Full-Time

Sr. Compliance Specialist

Posted on 3/13/2025

Mr. Cooper

Mr. Cooper

1,001-5,000 employees

Home loan origination and servicing provider

No salary listed

Senior

Company Does Not Provide H1B Sponsorship

Chennai, Tamil Nadu, India

Category
Risk & Compliance
Legal & Compliance
Required Skills
Data Analysis
Requirements
  • Minimum of 5 years of related professional level work experience preferably in Default Servicing; or equivalent combination of education and related work experience.
  • Excellent communication skills (both written and verbal).
  • Prior experience in researching federal and state regulations as well as agency communications and guides.
  • Solid understanding of legal language with prior experience or exposure to the Legal world preferred.
  • Proven track record of detailed, precise, and accurate work product that can be presented to leadership without much revision.
  • Demonstrates advanced proficiency in all Microsoft applications and software necessary for job function.
  • Capable of problem-solving using technical software or applications.
  • Strong emphasis on data analytics.
Responsibilities
  • Maintains a current comprehensive working knowledge of all mortgage processes and procedures as directed by federal and state regulations (especially those originating from the CFPB), in addition to GSE, and Agency guidelines, including all changes/updates.
  • Works on special projects. Project assignments are broad, vary in scope, and require independent judgment, exercise of discretion and creativity to complete.
  • Utilizes advanced reasoning skills to analyze, monitor, and manage the various projects and duties requested of the department.
  • Utilizes broad base knowledge in multiple functional areas to solve problems and improve processes.
  • Addresses barriers and obstacles, implementing solutions to improve on the current/past state.
  • Independently manages time, priorities, and resources to achieve goals.
  • Demonstrates Mr. Cooper values to external and internal customers, vendors, agencies, and investors.
Desired Qualifications
  • Bachelor's degree preferred

Mr. Cooper provides home loan and mortgage servicing solutions for individuals and families looking to buy, sell, or refinance their homes. As the third largest home loan servicer in the United States, it offers various mortgage products, including conventional loans, FHA loans, and VA loans, catering to a wide range of client needs. The company not only originates loans but also manages the ongoing administrative tasks, such as payment collection and customer service. Mr. Cooper stands out from competitors by prioritizing customer experience, aiming to make the home buying and refinancing process smooth and transparent. The goal of Mr. Cooper is to enhance the home loan experience for its clients.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Texas, South Carolina

Founded

1994

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for digital mortgage solutions drives industry innovation.
  • The secondary mortgage market's growth offers opportunities for loan sales.
  • Remote work trends boost demand for suburban and rural home loans.

What critics are saying

  • Rising interest rates may reduce demand for Mr. Cooper's mortgage products.
  • Cybersecurity breach lawsuits could lead to financial penalties and reputational damage.
  • Home Point Capital acquisition may pose integration and financial challenges.

What makes Mr. Cooper unique

  • Mr. Cooper is the third largest home loan servicer in the U.S.
  • The company offers diverse mortgage products, including FHA and VA loans.
  • Mr. Cooper emphasizes a customer-centric approach to enhance client experience.

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Benefits

Remote Work Options

Company News

Mr. Cooper Group
Jul 31st, 2024
Mr. Cooper Group Inc. Announces Pricing of Offering of $750 Million of Senior Notes

Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned subsidiary of Mr. Cooper (“Nationstar”), of $750,000,000 6.500% Senior Notes due 2029 (the “Notes”). The Notes will bear interest at 6.500% per annum and will mature on August 1, 2029. Interest on the Notes will be payable semi-annually on February 1 and August 1 of each year, beginning on February 1, 2025. The offering is expected to close on or around August 1, 2024, subject to customary closing conditions. It is expected that the net proceeds of the offering will be used to repay a portion of the amounts outstanding under Mr. Cooper’s MSR facilities. The Notes will be guaranteed on a joint and several basis by Mr. Cooper and wholly-owned domestic subsidiaries of Nationstar (other than certain excluded subsidiaries). The offering of the Notes was made in reliance upon an exemption from the registration requirements of the Securities Act

Business Wire
Jul 30th, 2024
Mr. Cooper Group Inc. Announces Pricing of Offering of $750 Million of Senior Notes

Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned s

Investopedia
Jul 25th, 2024
NYCB Faces a Tough Road to Profitability

NYCB also said Thursday that its Flagstar Bank unit agreed to sell its residential mortgage servicing business to Mr. Cooper Group (COOP) for $1.4 billion.5

HousingWire
Jan 30th, 2024
Mr. Cooper subsidiary to issue $1B in debt - HousingWire

Nationstar Mortgage Holdings will issue senior notes due in 2032 at 7.125% per year.

Business Wire
Jan 30th, 2024
Mr. Cooper Group Inc. Announces Pricing of Offering of $1 Billion of Senior Notes

Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned s