Senior Mortgage Servicing Counsel for Custom Loans

Mmbba; Plano (TX); On-site; USD 120,000 - 160,000; Full time

Job summary

Bank of America seeks an experienced attorney to provide legal counsel across multiple Front Line Units on residential mortgage servicing, including custom mortgage products. Responsibilities include drafting and negotiating complex documents, interpreting laws, and advising leadership on regulatory matters.

The role requires bar admission and at least 7 years of mortgage industry experience, with emphasis on compliance, enforcement responses, and risk management.

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

Responsibilities

• Analyses 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 GWIM Consumer Special Asset Group default servicing 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

Legal Drafting

Regulatory Compliance

Attention to Detail

Risk Management

Critical Thinking

Decision Making

Collaboration

Executive Presence

Problem Solving

Education

Doctorate degree

Job description

Bank of America seeks an experienced attorney to provide legal counsel across multiple Front Line Units on residential mortgage servicing, including custom mortgage products. Responsibilities include drafting and negotiating complex documents, interpreting laws, and advising leadership on regulatory matters.

The role requires bar admission and at least 7 years of mortgage industry experience, with emphasis on compliance, enforcement responses, and risk management.