Attorney – Residential Mortgage Servicing Attorney

Bank of America; Charlotte (NC); On-site; USD 150,000 - 210,000; Full time

Job summary

Bank of America seeks an experienced in-house attorney to provide legal counsel to Front Line Units on residential mortgage loan servicing and custom mortgage products. You will review contracts, draft complex documents, and advise on loss mitigation, workouts, and loan modifications.

The role requires substantial mortgage industry experience, strong drafting and negotiation skills, and the ability to navigate regulatory expectations.

Qualifications

• Active Bar admission in at least one state.
• Minimum 7 years of legal/compliance experience in mortgage industry.
• Experience with custom residential mortgage loan documentation.

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

Skills

Advisory

Influence

Laws & Regulations

Policies & Guidelines

Risk Management

Critical Thinking

Decision Making

Issue Management

Legal Drafting

Regulatory Compliance

Attention to Detail

Collaboration

Executive Presence

Legal Forms

Problem Solving

Education

Doctorate degree in related field

Job description

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!

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