Overview
The Mortgage Regulatory Counsel supports compliance-related system and process initiatives by providing legal interpretation, guidance, and review of mortgage regulatory requirements. This role serves as the primary legal resource for fees, disclosures, documents, and related document-vendor matters, while also supporting broader mortgage regulatory research and analysis as needed.
The position partners closely with Compliance, Technology, Operations, and other stakeholders to translate legal requirements into business requirements, testing expectations, and compliant system behavior. Responsibilities include evaluating whether system configurations, document logic, workflows, and outputs satisfy applicable legal and regulatory requirements.
Responsibilities
- Serve as the primary legal resource for fee, disclosure, document, and document-vendor matters by interpreting applicable federal and state mortgage regulations and providing guidance on fee treatment, disclosure timing and content, document triggers and packages, and related workflow requirements.
- Conduct legal research and analysis on mortgage regulatory questions, including questions outside the fee and disclosure lane, as assigned.
- Translate legal requirements into practical guidance and decision points for Compliance, QA, Technology, and business teams to use in requirements development, testing, and implementation.
- Review and approve regulatory requirements, interpretations, and legal positions prepared by Compliance or other stakeholders before implementation, where appropriate.
- Evaluate whether proposed system configurations, document logic, disclosures, workflows, and related outputs satisfy regulatory requirements and internal legal interpretations.
- Review testing results, issue findings, and supporting evidence to determine whether observed system behavior or document output meets legal and regulatory expectations.
- Determine pass/fail conclusions, identify follow-up legal questions, and clarify when requirement changes, additional testing, or configuration updates are needed.
- Partner with Technology, Operations, Compliance, and external vendors to resolve questions related to legal requirements, system behavior, and document generation or delivery.
- Support implementation and ongoing maintenance of document-vendor-related legal requirements, including review of how disclosures and documents are generated, triggered, or populated within the loan origination system.
- Document legal interpretations, decisions, issue resolutions, and review conclusions clearly and systematically to support implementation, audit, examination, and internal review needs.
- Provide timely legal input on open issues, exceptions, and questions so compliance-related workstreams can continue progressing.
- Identify emerging legal issues, gaps, or inconsistencies in requirements, documentation, testing, or system behavior and communicate needed actions to stakeholders.
Requirements
- Juris Doctor (JD) from an accredited law school.
- Active license to practice law in at least one U.S. jurisdiction.
- Experience practicing in mortgage, consumer financial services, regulatory compliance, or a related legal field, with advanced knowledge of mortgage regulatory requirements.
- Advanced legal research and analytical skills, including demonstrated ability to interpret complex federal and state regulatory requirements and apply them to business processes, system functionality, and document outputs.
- Ability to determine whether system configurations, workflows, and outputs satisfy legal requirements without necessarily serving as the technical designer of those solutions.
- Advanced judgment and ability to identify issues requiring formal legal interpretation versus those that can be addressed through practical clarification or guidance.
- Excellent communication skills, including the ability to translate legal concepts into actionable guidance for Compliance, Technology, QA, and business stakeholders.
- Ability to manage multiple legal questions, reviews, and workstreams simultaneously while meeting deadlines and supporting project progress.
- Ability to identify gaps, inconsistencies, or risks in requirements, testing results, documentation, or system behavior.
- Excellent attention to detail.
- Ability to collaborate across Legal, Compliance, Technology, Operations, and external vendors in a dynamic environment.
Preferred Qualifications
- Experience with mortgage fees, disclosures, documents, and related regulatory requirements.
- Experience supporting implementation or maintenance of loan origination system document logic, disclosure behavior, or document-vendor integrations.
- Experience with loan origination systems, disclosure processes, document review, or vendor-managed document solutions.
- Experience with DocMagic is a plus.
Compensation & Benefits
Eligible employees receive a competitive compensation plan and benefits package, including:
- Medical, dental, and vision coverage
- 401K
- Company-provided short-term disability
- Employee assistance program
- Wellness program
Additional Information
This job description conveys information essential to understanding the scope of the job and the general nature and level of work performed by job holders. It is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities, or working conditions associated with the position.
The employer provides equal employment opportunity in hiring, development, and advancement for all qualified persons without regard to race, color, religion, religious creed, national origin, age, physical or mental disability, ancestry, marital status, uniformed service, covered veteran status, citizenship status, sex (including pregnancy, childbirth, and related medical conditions, and lactation), sexual orientation, gender identity, gender expression, transgender status, domestic violence victim status (where applicable), protected hair style or texture, genetic information (testing or characteristics), or any other protected status of an individual or because of the individual’s association with a member of a protected group or any other characteristic protected by federal, state, or local law (“Protected Characteristics”).
The organization is committed to fostering and preserving a workplace that welcomes diversity and inclusion.
The employer is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. NMLS3029.