Senior Mortgage Servicing Counsel: Residential Loan Expert

Bank of America; Dallas (TX); On-site; USD 140,000 - 190,000; Full time

Job summary

Bank of America seeks an in-house legal counsel to advise Front Line Units on residential mortgage servicing, including custom products. You will review contracts, provide actionable legal advice, and support regulatory examinations and investigations.

Candidates should have 7+ years in mortgage law, bar admission, and expertise in complex debt documents. Role requires strong analytical skills, collaboration with GWIM and GCSAG teams, and the ability to guide senior leadership through regulatory

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 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

Influence

Regulatory Compliance

Legal Drafting

Risk Management

Attention to Detail

Executive Presence

Collaboration

Policy Guidance

Problem Solving

Decision Making

Critical Thinking

Legal Writing

Education

Doctorate degree in related field

Job description

Bank of America seeks an in-house legal counsel to advise Front Line Units on residential mortgage servicing, including custom products. You will review contracts, provide actionable legal advice, and support regulatory examinations and investigations.

Candidates should have 7+ years in mortgage law, bar admission, and expertise in complex debt documents. Role requires strong analytical skills, collaboration with GWIM and GCSAG teams, and the ability to guide senior leadership through regulatory