Senior Regulatory Counsel

Overview

This role serves as a legal and compliance partner with a primary focus on mortgage origination. Responsibilities include legal research and regulatory guidance, support to the regulatory change function, and supervision of a junior attorney. The Senior Regulatory Counsel translates legal and regulatory requirements into practical guidance, policies, procedures, and business and system requirements, and plays a key role in the organization’s compliance program.

Responsibilities

• Research and analyze federal and state laws and regulations affecting the organization’s business activities.
• Provide clear, practical legal advice and recommendations to leadership and business stakeholders.
• Prepare legal memoranda and written analyses on complex regulatory and compliance matters.
• Interpret new and amended regulatory requirements and determine how they apply to the organization.
• Partner with the regulatory change implementation function on impact assessments and communication of regulatory change to business units.
• Support implementation of regulatory changes, including updates to policies and procedures.
• Review and resolve escalated legal and compliance matters from the compliance inbox.
• Evaluate borrower rescission requests and advise on required actions and timing.
• Advise on post-closing compliance matters, including corrective actions, cures, and remediation.
• Support power-of-attorney and trust reviews for loan transactions.
• Manage and prioritize legal and compliance origination issues, as identified.
• Translate legal and regulatory requirements into practical, risk-based guidance for business partners.
• Convert regulatory requirements into business and system requirements, controls, and processes for Encompass, Mavent, and other platforms.
• Supervise, train, and mentor a junior attorney, including assigning work and reviewing work product.
• Partner with the EVP, Regulatory Counsel on complex regulatory matters and business challenges.
• Keep the EVP, Regulatory Counsel informed of significant matters, emerging risks, and priorities, with recommended courses of action.

Requirements

• Juris Doctor (J.D.) and active bar license in good standing in at least one U.S. jurisdiction.
• 5+ years of legal or regulatory compliance experience in mortgage lending or financial services.
• Experience interpreting regulatory changes and advising on their implementation.
• Extensive knowledge of mortgage origination laws and regulations, including TILA/Regulation Z, RESPA/Regulation X, ECOA/Regulation B, HMDA, FCRA, the SAFE Act, UDAAP, and state lending and licensing requirements.
• Advanced legal research, analysis, and writing skills to explain complex legal concepts to business and executive audiences.
• Skill converting regulatory requirements into operational and technology requirements.
• Excellent communication, strategic thinking, and problem-solving skills.
• Sound judgment to effectively manage a high volume of matters and competing deadlines.
• Excellent collaboration, organizational, and problem-solving skills.
• Experience with loan origination systems (Encompass preferred).
• Experience with compliance technology (Mavent).

Preferred Qualifications

• Experience supervising or mentoring attorneys or compliance professionals.

Compensation & Benefits

Eligible employees receive a competitive compensation plan and a robust benefits package, including:

• Medical, dental, and vision
• 401K
• Company-provided short-term disability
• Employee assistance program
• Wellness program

Location

This position supports operations across the organization’s footprint, including all 50 states, D.C., and Puerto Rico.

Additional Information

• This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed. It is not an exhaustive list of qualifications, skills, efforts, duties, responsibilities, or working conditions.
• Equal employment opportunity is provided without regard to Protected Characteristics.
• The organization supports equal employment opportunity in hiring, development, and advancement for all qualified persons.
• FHA Approved Lending Institution; not acting on behalf of or at the direction of HUD/FHA or the Federal government.