Overview
This role provides in-house legal and regulatory advice related to the mortgage servicing and origination industry, with a focus on mortgage servicing documentation requirements. The position supports operational teams by drafting and maintaining contracts, policies, and product forms, and may occasionally interface with regulatory authorities. Updates on changes in applicable law and regulatory trends will be reported to management.
Responsibilities
- Facilitate business objectives for the supported division(s) and the organization by delivering timely, effective legal support while minimizing legal exposure and risk.
- Provide practical, timely, high-quality legal counsel and guidance to supported divisions and departments, with a primary focus on mortgage servicing documentation and regulatory compliance.
- Research and interpret federal and state mortgage servicing laws, regulations, and investor requirements to ensure servicing documents, forms, and related processes remain compliant.
- Review, develop, and maintain mortgage servicing documents and forms, ensuring accuracy and compliance with applicable regulatory and investor requirements.
- Monitor legislative and regulatory changes and evaluate their potential impact on mortgage servicing documents, systems, and business processes.
- Partner with internal operations, product, technology, and compliance teams to address servicing documentation questions, support product enhancements, and implement regulatory changes.
- Work with clients’ legal and compliance contacts to research and resolve mortgage servicing-related questions and concerns.
Requirements
- Law degree required.
- Admitted to practice law in the US.
- Typically 1–3 years of professional experience in area of specialization.
- Licensed to practice law, in good standing.
- Direct experience with residential mortgage servicing regulations, compliance, and documentation.
- Working knowledge of Regulation X (RESPA), Regulation Z (TILA), and applicable federal and state mortgage servicing requirements.
- Experience researching, reviewing, or developing mortgage servicing documents, forms, and borrower communications.
- Familiarity with government agency and investor requirements affecting mortgage servicing.
- Ability to interpret complex regulatory requirements and translate them into practical documentation, system, or operational solutions.
- Comfortable performing detailed, hands-on legal research and documentation review while working independently and collaboratively with business teams.
- Developed legal research, written, and verbal communication skills.
- Good organizational skills with the ability to multitask, prioritize, and work under pressure.
- Demonstrated ability to manage workload and balance competing priorities.
- Ability to build and maintain rapport with superiors, peers, subordinates, and external contacts.
- Proficiency with Microsoft Office products.
Compensation & Benefits
- Pay Range: $112,400.00 - $149,800.00 Annually
- This hiring range is a reasonable estimate of the base pay range for this position at the time of posting. Pay is based on a number of factors which may include job-related knowledge, skills, experience, business requirements and geographic location.
Based on eligibility, a comprehensive benefits package is offered, including:
- Medical, dental, vision
- 401k
- PTO/paid sick leave
- Employee stock purchase plan and other benefits
Location
Note that the following statements only apply to candidates who will be working from an unincorporated area within Los Angeles County.
The organization will consider for employment all qualified applicants, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws (e.g., the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act).
The organization intends to conduct a review of an applicant’s criminal history in connection with a conditional offer. The organization reasonably believes that a criminal history may have a direct, adverse, and negative relationship with the following material job duties for this position, potentially resulting in the withdrawal of the conditional offer of employment: handling of confidential, proprietary, or trade secret information belonging to the organization or its customers, administrating or facilitating financial transactions, and the ability to meet customer-imposed criminal history requirements.