Mortgage Servicing Legal Counsel

Mmbba; Dallas (TX); Ibrido; USD 140.000 - 190.000; Tempo pieno

Descrizione del lavoro

Bank of America is seeking an experienced legal counsel to support multiple Front Line Units on residential mortgage loan servicing, including custom products. The role involves providing precise legal advice on products, services and actions like loss mitigation and loan modifications.

Responsibilities include drafting and reviewing complex agreements, interpreting regulations, and supporting government examinations.

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

Interpret Relevant Laws, Rules, andReg

Policies, Procedures, and Guidelines

Risk Management

Critical Thinking

Decision Making

Regulatory Compliance

Attention to Detail

Collaboration

Executive Presence

Legal Structures and Legal Forms

Problem Solving

Formazione

Doctorate degree in related field

Descrizione del lavoro

Bank of America is seeking an experienced legal counsel to support multiple Front Line Units on residential mortgage loan servicing, including custom products. The role involves providing precise legal advice on products, services and actions like loss mitigation and loan modifications.

Responsibilities include drafting and reviewing complex agreements, interpreting regulations, and supporting government examinations.