Overview
This role is for a transactional legal professional with a focus on Capital Markets and Secondary Marketing. The position is hiring a Senior Vice President, Associate General Counsel to review, negotiate, and draft deal documents for complex mortgage securitizations, bulk whole loan sales, mortgage servicing rights (MSR) transactions, derivatives (ISDAs/MSFTAs), and other structured finance transactions.
Responsibilities
- Review, negotiate, and draft Mortgage Loan Purchase and Sale Agreements, Mortgage Loan Servicing Rights (MSR) Acquisition and Sale Agreements, Mortgage Loan Repurchase Agreements, Mortgage Loan Servicing Agreements, and Confidentiality Agreements.
- Provide legal counsel on transaction structuring, asset transfer requirements, and risk allocation for MSR and whole loan sales.
- Provide strategic legal counsel on consumer mortgage compliance and asset eligibility, including alignment with Qualified Mortgage (QM) requirements, Ability-to-Repay (ATR) rules, CFPB regulations, and Agency requirements (FNMA, FHLMC, and GNMA).
- Structure, draft, and negotiate ISDAs, MSFTAs, and Securities Repurchase Agreements.
- Review and update derivatives trading policies to ensure compliance with Dodd-Frank, ISDA protocols, and the rules governing Commodity Pool Operators (CPOs) and Commodity Trading Advisors (CTAs).
- Review, negotiate, and draft mortgage loan securitization documents, including Pooling and Servicing Agreements (PSAs), Custodial Agreements, Indentures, Trust Agreements, Escrow Agreements, In-House Legal Opinions, and Indemnification Agreements.
- Review and negotiate offering documents, including Private Placement Memorandums (PPMs), Offering Circulars, Prospectuses, and Term Sheets.
- Oversee legal aspects of the securitization due diligence process, including managing Third-Party Review (TPR) firm engagements and reviewing and negotiating Due Diligence Questionnaires (DDQs) and related agreements.
- Draft, review, and revise Originator and Servicer Disclosures for company securitizations and third-party securitizations, ensuring adherence to disclosure and reporting requirements of Regulation AB and Federal Securities Laws.
- Manage and ensure compliance with securitization regulatory frameworks, including US credit risk retention requirements, SEC Rule ABS-15G reporting, and other applicable Federal Securities Laws.
- Perform other related duties as required and assigned.
- Demonstrate behaviors aligned with the organization’s desired culture and values.
Requirements
- Post-graduate degree.
- 5+ years of relevant work experience.
- Significant experience in secondary market and capital markets transactions, including bulk whole loan sale transactions, third-party mortgage securitization transactions, and related regulatory and compliance requirements.
- Knowledge of mortgage loan origination, compliance, underwriting, servicing, and subservicing is a plus.
- Must be highly proficient in Word.
- Ability to work independently while remaining a team player; strong attention to detail.
- Excellent critical thinking skills and sound judgment; capacity to handle multiple projects effectively.
- Strong business acumen and ability to interface with senior and executive management.
Preferred Qualifications
- Knowledge of mortgage loan origination, compliance, underwriting, servicing, and subservicing.
Compensation & Benefits
Salary: $140,000 - $175,000
Individual salary may vary based on factors including specific role, geographic location/market data, and skills and experience.
Some roles may be eligible for performance-based compensation and/or stock-based incentives.
Benefits may include:
- Comprehensive Medical, Dental, and Vision
- Paid Time Off programs including vacation, holidays, illness, and parental leave
- Wellness programs, employee recognition programs, and onsite gyms and cafe style dining (select locations)
- Retirement benefits, life insurance, 401k match, and tuition reimbursement
- Philanthropy programs including matching gifts, volunteer grants, charitable grants, and corporate sponsorships
Location / Work Model
Remote work is available. The role may be remote or in-house in any one of the organization’s locations.