Compliance Manager, Mortgage at Opendoor | AZ, US | Rezi

Compliance Manager, Mortgage at Opendoor

Compliance Manager, Mortgage

Opendoor · AZ, US

2 weeks ago

Compliance Manager, Mortgage

Opendoor · AZ, US

16 days ago
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About the Role

Opendoor is establishing a new mortgage lending business and seeks a Compliance Manager to oversee regulatory compliance for its multi-state mortgage operations. This foundational role involves building and managing the compliance infrastructure from the ground up, reporting to the Legal team and collaborating with mortgage operations, licensing, and business leadership to ensure adherence to regulatory requirements within a technology-forward lending platform.

Responsibilities

  • Own and administer the Compliance Management System (CMS) for the mortgage operation, including policy development, training programs, and complaint management.
  • Manage multi-state NMLS licensing for both the entity and individual loan originators, including new applications, amendments, renewals, and surety bond management across 47+ states.
  • Prepare and submit regulatory filings, including HMDA LAR submissions, NMLS Mortgage Call Reports (MCR), and state-specific periodic reports.
  • Resolve day-to-day loan-level compliance issues in a fast-paced origination environment, providing clear and actionable guidance to the operations team.
  • Lead preparation for and manage regulatory examinations, from document gathering through remediation of findings.
  • Track and implement regulatory changes affecting mortgage origination operations, ensuring the business adapts to new requirements proactively.
  • Manage BSA/AML compliance program requirements, including SAR and CTR filing obligations; serve as AML Compliance Officer.
  • Support compliance needs related to title and escrow operations as the business scales.
  • Partner with legal, operations, and technology teams to find creative, compliant solutions that enable the business to move quickly within regulatory guardrails.

Requirements

  • Mortgage compliance experience at a non-bank lender, mortgage company, or state/federal regulatory agency.
  • Expert-level knowledge of multi-state NMLS licensing for both entities and individuals, including applications, renewals, amendments, and surety bond management.
  • Hands-on experience preparing and submitting HMDA LAR filings, NMLS Mortgage Call Reports, and state-specific regulatory reports.
  • Strong understanding of the end-to-end mortgage origination process.
  • Demonstrated ability to manage a Compliance Management System (CMS), including policy maintenance, training programs, and complaint management.
  • Track record of managing state and federal (CFPB) regulatory examinations from preparation through remediation.
  • Working knowledge of BSA/AML compliance program requirements, including SAR and CTR filing obligations.
  • Experience resolving loan-level compliance issues in a high-volume origination environment.
  • Comfort using AI tools and modern technology to support and enhance compliance workflows; willingness to operate in a tech-forward, non-traditional mortgage environment.
  • Strong communication skills with the ability to explain regulatory requirements clearly to business stakeholders and find workable solutions within compliance guardrails.
  • Bachelor's degree in business, law, or related field.

Skills

  • NMLS licensing
  • HMDA LAR filings
  • NMLS Mortgage Call Reports
  • State-specific regulatory reports
  • Compliance Management System (CMS)
  • Policy maintenance
  • Training programs
  • Complaint management
  • BSA/AML compliance
  • SAR filing
  • CTR filing
  • Regulatory examinations
  • AI tools
  • Communication skills

Location

  • In-office culture

Work Type

  • 5 days a week in-office
  • Mo, Tu, Th, Fri in-office

Experience Level

  • Expert-level knowledge
  • Prior experience standing up or significantly building out a compliance function at a mortgage company

Education Level

  • Bachelor's degree in business, law, or related field

About the Company

  • Opendoor is in the process of standing up a new mortgage lending business.
  • We're building something new.
  • supporting a technology-forward lending platform.
  • a tech-forward, non-traditional mortgage environment.