Senior Mortgage Compliance & Foreclosure Attorney

Renovo Financial; Chicago (IL); On-site; USD 140,000 - 190,000; Full time

Job summary

Renovo Financial in Chicago seeks an Associate Attorney to provide legal counsel on mortgage lending, servicing, compliance, and regulatory matters. You will collaborate with multiple departments to advise on risks and ensure adherence to laws and internal policies.

The role requires strong analytical skills, attention to detail, and clear communication with diverse stakeholders. Minimum 5+ years in mortgage law and a JD are expected. This is an in-office position in downtown Chicago.

Qualifications

• Licensed attorney with a Juris Doctor degree from an accredited law school.
• 5+ years’ experience practicing law in the mortgage industry or related field.
• Strong written and verbal communication skills, with the ability to explain complex legal concepts to non-legal stakeholders.
• High attention to detail and organizational skills, especially in managing contracts and compliance documentation.

Responsibilities

• Provide strategic legal counsel and guidance to internal stakeholders on complex mortgage lending, servicing, compliance, and regulatory matters affecting business operations and growth initiatives.
• Conduct comprehensive legal research and analysis on evolving financial regulations, emerging case law, and regulatory guidance.
• Proactively monitor and interpret industry regulations to ensure alignment with federal, state, and local regulatory requirements.
• Take internal ownership for tracking contested foreclosure and other default matters, including borrower bankruptcy, guaranty pursuit, complex title matters, and loss mitigation strategies and documentation, through active review of case files and documentation.
• Lead a structured review of foreclosure and other default resolution processes and timelines across jurisdictions, identifying gaps between projected and actual timelines and assessing the quality and alignment of communications between foreclosure processors and outside counsel.
• Develop and maintain jurisdiction-specific playbooks addressing judicial vs non-judicial proceedings, guarantor recourse strategy, receivership pursuit, borrower bankruptcy strategy, complex title matters, loss mitigation strategies and documentation, and arbitration considerations and monitor ongoing adherence to those playbooks.

Skills

Legal research

Regulatory compliance

Stakeholder communication

Attention to detail

Contract management

Education

Juris Doctor (J.D.) degree

Job description

Renovo Financial in Chicago seeks an Associate Attorney to provide legal counsel on mortgage lending, servicing, compliance, and regulatory matters. You will collaborate with multiple departments to advise on risks and ensure adherence to laws and internal policies.

The role requires strong analytical skills, attention to detail, and clear communication with diverse stakeholders. Minimum 5+ years in mortgage law and a JD are expected. This is an in-office position in downtown Chicago.