Senior Mortgage Servicing Counsel (Residential)

Mmbba; Dallas, Northern (TX, KY); On-site; USD 140,000 - 190,000; Full time

Job summary

Bank of America is seeking a licensed attorney to provide legal counsel to multiple Front Line Units regarding residential mortgage loan servicing and custom mortgage products. The role involves offering specific legal guidance on products, services, loss mitigation, workouts, and loan modifications, with contract review and legal research.

The candidate will support regulatory matters, guide leadership, and ensure compliance.

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

• 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 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

Regulatory Compliance

Legal Drafting

Problem Solving

Attention to Detail

Executive Presence

Risk Management

Collaboration

Decision Making

Education

Doctorate degree in related field

Job description

Bank of America is seeking a licensed attorney to provide legal counsel to multiple Front Line Units regarding residential mortgage loan servicing and custom mortgage products. The role involves offering specific legal guidance on products, services, loss mitigation, workouts, and loan modifications, with contract review and legal research.

The candidate will support regulatory matters, guide leadership, and ensure compliance.