Corporate Counsel

loanDepot, Inc.; California; On-site; USD 141,000 - 195,000; Full time

Benefits offered by this job

Aggressive compensation package

Tuition reimbursement

Medical/Dental/Vision benefits

Wellness program

Generous paid time off

Job summary

loanDepot in the United States seeks a senior attorney to support multiple business units by drafting and reviewing contracts, assisting with litigation and corporate transactions, and guiding departments on laws governing mortgage loan origination.

You will lead compliance efforts, monitor regulatory risks, implement policy changes for RESPA/TILA, Dodd-Frank and related rules, and provide executive-level advice.

Qualifications

• Bachelor's degree required; 8+ years of related experience preferred.
• J.D. from ABA-accredited school and 3+ years practicing law.
• Active law license with strong knowledge of consumer regulations (RESPA/TILA, etc.)
• Familiarity with federal/state regulations including Dodd-Frank, TRID, etc.
• Strong risk quantification and legal research skills.

Responsibilities

• Provide analysis and counsel on mortgage origination, compliance, privacy, and corporate matters to management.
• Manage regulatory compliance risks and assist General Counsel on legal topics.
• Draft advisory memoranda, bulletins, and policies covering new/existing laws.
• Oversee policy reviews and ensure communications meet legal requirements.
• Draft and negotiate agreements with correspondents, leases, brokers and vendors.
• Conduct complex legal research and present recommendations to management.

Skills

Legal research

Regulatory interpretation

Executive guidance

Education

Bachelor's degree

J.D. (ABA-accredited)

Job description

Position Summary

Responsible for providing a wide range of services to the business units, including drafting/reviewing contracts, assisting with litigation and corporate transactions, providing guidance to corporate departments and production channels regarding the laws and regulations governing origination of mortgage loans, creating and implementing compliance strategy and managing regulatory risks. Ensures the performance of all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

Responsibilities

• Evaluates and provides analysis and counsel on legal issues relative to residential mortgage loan origination, fair lending, privacy, and general corporate compliance matters to management, corporate departments and branch personnel.
• Manages and reports on regulatory compliance risks covering all aspects of the company; assists General Counsel on a broad range of legal topics;
• Provides proactive guidance to senior management in identifying compliance risks and ensures adequate policies and procedures exist regarding compliance laws.
• Assists with management of regulatory, investor and lending compliance audit reviews and examinations. Ensures team is coordinating materials and responses to audit requests and findings. Maintain good working relationships with regulatory agencies and investors.
• Works closely with business units to implement required changes of law related to loan origination processes, including definition of Qualified Mortgage, TILA, RESPA, FCRA, ECOA, etc.
• Drafts advisory compliance memoranda, bulletins, training materials, policies and procedures covering new/existing laws and regulations affecting the company and maintains accessible records of such materials.
• Tracks changes in federal/state laws and regulations, establishes applicable policies/procedures and implements changes to procedures, loan documentation, disclosures, loan fees, loan origination, processing, underwriting and closing practices and all loan origination software.
• Oversees review and approval of policies, procedures, practices, training materials, marketing materials, consumer disclosures, and other communications for compliance with legal requirements.
• Interfaces and provides counsel and guidance including direct communication and complex written analysis and advice for Executive and Senior Management.
• Conducts agreement review; drafts and negotiates correspondent, lease, broker and vendor agreements.
• Conducts complex legal research and investigation of claims and defenses; develops oral and written advice and presents recommendations to management

Requirements

• Bachelor’s Degree required and minimum of eight (8) years’ related experience preferred.
• JD degree from a law school accredited by the American Bar Association or equivalent international degree and a minimum of three (3) years’ experience practicing law.
• Active license to practice law with a deep understanding of compliance and federal consumer laws and regulations, preferably with mortgage origination compliance regulations, including RESPA/TILA, BSA, SARs, TRID, Dodd Frank, Reg B, Reg C, Reg E, Reg Z, Fair Credit Reporting Act, Fair Housing Act, SAFE Act, Homeowner’s Equity Protection Act, etc.
• Knowledge of federal and state regulations with regards to essential duties and responsibilities, including, but not limited to, Dodd-Frank, TRID, Section 32, predatory lending, and RESPA.
• Demonstrated capabilities in quantifying risk and excellent legal research and analytical abilities.
• Prior experience with interpreting and applying federal, state, and investor regulations.

Why work for #teamloanDepot

• Aggressive compensation package based on experience and skill set.
• Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
• Work with other passionate, purposeful, and customer-centric people.
• Extensive internal growth and professional development opportunities including tuition reimbursement.
• Comprehensive benefits package including Medical/Dental/Vision.
• Wellness program to support both mental and physical health.
• Generous paid time off for both exempt and non-exempt positions.

About loanDepot

loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.

Base salary is one piece of our total rewards package and is structured within a range so you can progress as you grow in the role. For this position, the anticipated annual base salary range is $141,000 to $194,500 nationally. In certain high-cost geographic markets (CA), the anticipated annual base salary range is $163,000 to $224,000. Actual compensation will depend on your skills, experience, qualifications, and the work location tied to our geographic pay structure.

We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.