Attorney - Residential Mortgage Servicing Attorney

Mmbba; Charlotte (NC); Ibrido; USD 140.000 - 190.000; Tempo pieno

Descrizione del lavoro

Bank of America seeks an experienced attorney to provide legal counsel on residential mortgage servicing, including GWIM and default servicing for Custom mortgage. You will review contracts, draft opinions, and advise on regulatory compliance across consumer and wealth management products.

The role requires bar admission, deep mortgage industry experience, and strong analytical, drafting, and collaborative skills to support examinations, investigations, and business needs.

Competenze

• Bar admission in at least one state (active/good standing).
• Minimum 7 years legal/compliance experience in mortgage industry.
• Experience with custom residential mortgage loan documentation.

Mansioni

• Analyzes legal issues and implications on consumer banking and wealth management products, services, and regulatory matters
• Communicates clear, concise, actionable, and business-informed legal advice, including occasionally to leadership
• Interprets rulings, laws, and regulations from a compliance and business control standpoint
• Drafts, reviews, and/or negotiates complex legal documents, such as engagement letters, debt agreements, offering documents, and legal opinions
• Gathers, assesses, and evaluates information from various sources to make a judgment or inference
• Supports company responses to government agency examinations and investigations, enforcement actions, private complaints, and litigation
• Provides legal support for residential mortgage servicing, including the wealth management residential mortgage servicing business GWIM Consumer Special Asset Group (GCSAG) default servicing for Custom mortgage, as well as additional support for Custom mortgage
• Supports client escalations, daily advice to the wealth management residential mortgage servicing business, Dodd Frank compliance, servicing questions, legal/compliance matters related to default servicing and general legal advice

Conoscenze

Advisory

Influence

Regulatory Compliance

Legal Drafting and Writing

Attention to Detail

Collaboration

Executive Presence

Problem Solving

Risk Management

Decision Making

Formazione

Doctorate degree in related field

Descrizione del lavoro

Job Description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description

This job is responsible for providing legal counsel to multiple Front Line Units regarding the servicing of residential mortgage loans, including servicing of custom mortgage loan products. Key responsibilities include providing specific legal advice on products, services and certain legal actions including loss mitigation, workouts and loan modifications. Job expectations include reviewing legal contracts and documents and conducts legal research.

Responsibilities:

• Analyzes legal issues and implications on consumer banking and wealth management products, services, and regulatory matters
• Communicates clear, concise, actionable, and business-informed legal advice, including occasionally to leadership
• Interprets rulings, laws, and regulations from a compliance and business control standpoint
• Drafts, reviews, and/or negotiates complex legal documents, such as engagement letters, debt agreements, offering documents, and legal opinions
• Gathers, assesses, and evaluates information from various sources to make a judgment or inference
• Supports company responses to government agency examinations and investigations, enforcement actions, private complaints, and litigation
• Provides legal support for residential mortgage servicing, including the wealth management residential mortgage servicing business GWIM Consumer Special Asset Group (GCSAG) default servicing for Custom mortgage, as well as additional support for Custom mortgage
• Supports client escalations, daily advice to the wealth management residential mortgage servicing business, Dodd Frank compliance, servicing questions, legal/compliance matters related to default servicing and general legal advice

Required Qualifications:

• Bar Admission in at least one state (active/good standing)
• Minimum 7 years legal/compliance experience in mortgage industry
• Experience with custom residential mortgage loan documentation

Desired Qualifications:

• Experience with high net worth residential mortgage servicing
• Experience with high net worth mortgage lending (sales, underwriting, products and programs, client escalations)
• Experience with custom residential mortgage loan documentation
• Familiarity with estate planning trust types, LLCs, LPs and related issues (i.e. title vesting)

Skills:

• Advisory
• Influence
• Interpret Relevant Laws, Rules, and Regulations
• Policies, Procedures, and Guidelines
• Risk Management
• Critical Thinking
• Decision Making
• Issue Management
• Legal Drafting and Writing
• Regulatory Compliance
• Attention to Detail
• Collaboration
• Executive Presence
• Legal Structures and Legal Forms
• Problem Solving

Minimum Education Requirement: Doctorate degree in related field

Shift: 1st shift (United States of America)

Hours Per Week: 40