Senior Residential Mortgage Servicing Counsel

Mmbba; Charlotte (NC); Hybrid; USD 140,000 - 190,000; Full time

Job summary

Bank of America seeks an experienced attorney to provide legal counsel on residential mortgage servicing, including GWIM and default servicing for Custom mortgage. You will review contracts, draft opinions, and advise on regulatory compliance across consumer and wealth management products.

The role requires bar admission, deep mortgage industry experience, and strong analytical, drafting, and collaborative skills to support examinations, investigations, and business needs.

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 and Writing

Attention to Detail

Collaboration

Executive Presence

Problem Solving

Risk Management

Decision Making

Education

Doctorate degree in related field

Job description

Bank of America seeks an experienced attorney to provide legal counsel on residential mortgage servicing, including GWIM and default servicing for Custom mortgage. You will review contracts, draft opinions, and advise on regulatory compliance across consumer and wealth management products.

The role requires bar admission, deep mortgage industry experience, and strong analytical, drafting, and collaborative skills to support examinations, investigations, and business needs.