Senior Mortgage Servicing Counsel Compliance & Advisory

Bank of America; Grand Prairie (TX); On-site; USD 170,000 - 210,000; Full time

Job summary

Bank of America in the United States seeks a senior legal counsel to support Front Line Units on servicing residential mortgage loans, including custom products. You will review contracts, perform legal research, and provide actionable guidance on loss mitigation, workouts, and loan modifications.

This role partners with GWIM Consumer Special Asset Group, supports regulatory examinations, enforcement actions, and client escalations, and requires bar admission with 7+ years in mortgage law.

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.
• Familiarity with estate planning trust types, LLCs, LPs and related issues (i.e. title vesting).

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

Regulatory Compliance

Legal Drafting and Writing

Attention to Detail

Critical Thinking

Collaboration

Executive Presence

Education

Doctorate degree in related field

Job description

Bank of America in the United States seeks a senior legal counsel to support Front Line Units on servicing residential mortgage loans, including custom products. You will review contracts, perform legal research, and provide actionable guidance on loss mitigation, workouts, and loan modifications.

This role partners with GWIM Consumer Special Asset Group, supports regulatory examinations, enforcement actions, and client escalations, and requires bar admission with 7+ years in mortgage law.