Chief Counsel III
The candidate will partner closely with the legal and executive teams as well as the origination and servicing managers. Will interface with risk, compliance, credit, government and regulatory affairs and operational functions, as well as other areas. Work closely with other lines of business that originate and service residential mortgage loans. Serve as primary counsel to multiple senior managers and will provide primary oversight for certain law firm relationships. Manage a group of attorneys, paralegals and support staff and provide leadership to assure the high quality of services provided. Provide legal advice and support to internal clients in the mortgage businesses noted above, including both the origination and servicing units. Work closely with Government and Regulatory Affairs to identify and advance policy initiatives that have effects for company's residential-mortgage-related activities. Interact with supervisory staff of the OCC, Federal Reserve and CFPB concerning examination, supervision and enforcement concerning company's residential-mortgage-related activities. Understand and interpret both new regulations and changes to existing regulations to determine the potential impact on the mortgage business. Provide legal advice and support directly to managers, underwriters, paralegals, documentation specialists, and loan administrators and servicers on mortgage matters of varying complexity. Comprehend and interpret changing regulations with the ability to communicate these changes to the business in a timely manner. Responsible for identifying assessing, managing and mitigating risk.
The candidate should have a J.D. from an accredited law school as well as admission to practice in the courts for a state having passed that state's Bar exam. Must have 15+ years of experience in mortgage lending law. Should have knowledge of relevant regulations and laws affecting both mortgage originations and servicing. Must have strong working knowledge of mortgage repurchase procedures and demands, mortgage insurance claims, and/or title insurance claims. Should preferably have a strong working knowledge of mortgage originations and mortgage servicing, including mortgage lending related regulations and laws, including: federal regulations, laws and programs (TILA, RESPA, HOEPA, HMDA, ECOA, FDCPA, FACTA, the US Treasury/Freddie Mac/Fannie Mae modification and refinance programs, etc.); and various state mortgage lending laws and procedures. High level of legal expertise in the area of mortgage and consumer finance required. Broad breadth of experience in representing banks in the mortgage industry on both the origination and servicing sides needed.
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